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Articles Posted in Unauthorized Trading

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Christopher Bond (Christopher Edward Bond CRD# 4658534) is a registered broker and investment advisor currently employed with National Securities Corporation (CRD#: 7569) of Melville, NY. He was previously employed with Gunnallen Financial, Inc (CRD#:17609) of Tampa, FL and Ehrenkrantz King Nussbaum, Inc. (CRD#:113525, expelled by FINRA on 10/12/2012) of Melville, NY.  He has been in the industry since 2003. In a FINRA disciplinary action, Bond was discovered to have exercised discretions in four NSC customer brokerage accounts on 288 occasions without written authorization. While he did have their verbal permission, he also needed this permission in writing, in accordance with FINRA Rules 3260(b) and 2010.Christopher Bond (Christopher Edward Bond CRD# 4658534) is a registered broker and investment advisor currently employed with National Securities Corporation (CRD#: 7569) of Melville, NY. He was previously employed with Gunnallen Financial, Inc (CRD#:17609) of Tampa, FL and Ehrenkrantz King Nussbaum, Inc. (CRD#:113525, expelled by FINRA on 10/12/2012) of Melville, NY.  He has been in the industry since 2003. Continue reading ›

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Dennis Ayre (Dennis Phillip Ayre CRD# 5365176) is a former registered broker and investment advisor whose last employer was Hilltop Securities Inc. (CRD#:6220) of Beverly Hills, CA. His previous employers include Oppenheimer & Co. Inc. (CRD#:249) of Los Angeles, CA, Merrill Lynch, Pierce, Fenner, & Smith Incorporated (CRD#:7691) of Beverly Hills, Wells Fargo Advisors, LLC (CRD#:19616) and First Republic Securities Company, LLC (CRD#:105108) also of Los Angeles.  He has been in the industry since 2008. Ayre has a total of 15 disclosures dating back to 2019. The most recently dated disclosure, 1/28/2022, is a FINRA disciplinary action that led to his permanent bar from any activity or affiliation with all FINRA broker-members. After two requests by FINRA staff to appear in on-the-record testimony, FINRA issued a Letter of Acceptance, Waiver & Consent (AWC.) Ayre signed the letter on January 14, 2022, and FINRA’s principal counsel signed it January 28, 2022. The matter came about after Hilltop Securities filed a Uniform Termination Notice of Security Industry Registration, the Form U5, on July 26, 2020. The cause of his termination was listed as “lack of production.” Following his termination, FINRA began its investigation into Ayre’s sales practices after 14 customer disputes were filed beginning on 10/1/2019.Dennis Ayre (Dennis Phillip Ayre CRD# 5365176) is a former registered broker and investment advisor whose last employer was Hilltop Securities Inc. (CRD#:6220) of Beverly Hills, CA. His previous employers include Oppenheimer & Co. Inc. (CRD#:249) of Los Angeles, CA, Merrill Lynch, Pierce, Fenner, & Smith Incorporated (CRD#:7691) of Beverly Hills, Wells Fargo Advisors, LLC (CRD#:19616) and First Republic Securities Company, LLC (CRD#:105108) also of Los Angeles. He has been in the industry since 2008. Continue reading ›

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Narith Long (CRD# 6598152) is a previously registered broker whose last known employer was NY Life Securities LLC (CRD#:5167) of Glendale, CA. He was previously employed with Northwestern Mutual Investment Services, LLC (CRD#:2881) of Long Beach, CA, where he began his career in the industry in 2018. New York Life Securities terminated Long’s employment on December 1st, 2020. The company terminated him for engaging in unauthorized securities transactions. This activity included recommending to his customers that they open brokerage accounts with a separate, non-affiliated firm. Once the clients opened these brokerage accounts, Long went in using their login information and traded securities that were held in these non-firm accounts. FINRA requested information from Long, which he failed to provide. Therefore, FINRA issued notices of Suspension and Suspension from Association letters on September 1st, 2021, and September 27, 2021. Long then failed to request termination of his suspension within three months of the. Notice of Suspension. As of December 6th, 2021, Narith Long is now permanently barred from any association with FINRA members in all capacities.Narith Long (CRD# 6598152) is a previously registered broker whose last known employer was NY Life Securities LLC (CRD#:5167) of Glendale, CA. He was previously employed with Northwestern Mutual Investment Services, LLC (CRD#:2881) of Long Beach, CA, where he began his career in the industry in 2018. Continue reading ›

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Alan Feigenbaum (Alan Scot Feigenbaum, CRD# 3132230) is a previously registered broker and investment advisor whose last known employer was Newbridge Securities Corporation (CRD#:104065) of Boynton Beach, FL. His previous employers were National Securities Corporation (CRD#:7569) and Prime Capital Services, Inc. (CRD#:18334), also of Boynton Beach. He has been in the industry since 1999. While employed at National Securities, the firm allowed Feigenbaum to resign on his own. Allegations surfaced that he misused the firm's trading platform to execute trades and client accounts without their written permission nor the firm’s. The reason given on his Form U5 termination form was, “Improper use of the Firm's trading platform to execute trades in client accounts.” Feigenbaum was then employed with Newbridge Securities Corporation. He continued to enter orders on a discretionary basis for 2,000 trades in 120 customer accounts. Some of these customers were senior citizens. The customers had permitted Feigenbaum to exercise discretion, but none had given him written authorization. Neither National nor Newbridge approved these accounts as discretionary. However, there were no complaints from the customers. Feigenbaum continued to exercise discretion without authorization even after receiving a written letter of caution from his supervisor at National for similar activity in September of 2015.Alan Feigenbaum (Alan Scot Feigenbaum, CRD# 3132230) is a previously registered broker and investment advisor whose last known employer was Newbridge Securities Corporation (CRD#:104065) of Boynton Beach, FL. His previous employers were National Securities Corporation (CRD#:7569) and Prime Capital Services, Inc. (CRD#:18334), also of Boynton Beach. He has been in the industry since 1999. Continue reading ›

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James Dunn (James William Dunn, Jr. CRD#: 6084258) is a former registered broker and investment advisor whose last known employer was Ameriprise Financial Services, LLC (CRD#:6363) of Vienna, VA. He was previously employed with Wells Fargo Clearing Services, LLC (CRD#:19616) of Arlington, VA, and Morgan Stanley (CRD#:149777) of McLean, VA. He has been in the industry since 2012. In Dunn's 10-year career, he has a total of 20 disclosures in his FINRA record. One of those disclosures is his employment separation from Ameriprise, filed on 10/19/2021. According to his entry in BrokerCheck, Dunn voluntarily resigned “while under review for potential violation of company policy related to suitability, unauthorized trades and texting with clients.” No other information is available, and there are not yet any FINRA disciplinary actions. Of Dunn’s remaining 19 customer dispute disclosures, five are still pending. The remaining 14 have been settled with millions of dollars involved. Of the 19 disclosures, 17 disclosures indicate that Dunn purchased securities and customer accounts without the customer's specific written authorization. Some were inappropriate for the customers’ investment objectives, and still others were equity securities. Two customer disputes, filed on 8/29/2021 and 9/5/2021 allege that Dunn executed unauthorized trades in foreign securities. The first dispute is still pending, and requests damages of $1,156,433.99. The later dispute requested damages of $90,541.66 and has been settled for $100,915.49.James Dunn (James William Dunn, Jr. CRD#: 6084258) is a former registered broker and investment advisor whose last known employer was Ameriprise Financial Services, LLC (CRD#:6363) of Vienna, VA. He was previously employed with Wells Fargo Clearing Services, LLC (CRD#:19616) of Arlington, VA, and Morgan Stanley (CRD#:149777) of McLean, VA. He has been in the industry since 2012. Continue reading ›

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Broker Matthew Platnico (Matthew Eric Platnico CRD:#2102086) is a registered broker and investment advisor currently employed with Allied Millennial Partners, LLC (CRD#: 16569) of New York, NY. As an investment advisor he is registered with Millennial Advisers, LLC. (CRD#:170847), also of New York City. His previous employers include Arete Wealth Management, LLC (CRD#:44856), Oppenheimer & Co. INC. (CRD#:249), also of New York City, and Advest, Inc. (CRD#:10), of Hartford, CT. He has been in the industry since 1991. A client filed a dispute on 7/15/2020, alleging that Platnico representative engaged in unsuitable and unauthorized options trading in Claimant's account. The client requests damages of $1,460,000.00. The case is currently “pending.”Broker Matthew Platnico (Matthew Eric Platnico CRD:#2102086) is a registered broker and investment advisor currently employed with Allied Millennial Partners, LLC (CRD#: 16569) of New York, NY. As an investment advisor he is registered with Millennial Advisers, LLC. (CRD#:170847), also of New York City. Continue reading ›

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Ricardo Turlan is a previously registered broker who last worked for UBS Financial Services in San Antonio, Texas. Turlan’s record shows that in 2019 he was discharged from UBS after an investigation allegedly determined that he exercised discretion in client accounts without proper authorization and traded at unsuitable levels. Before working for UBS Financial Services (CRD# 8174) starting in 2015, Turlan was previously registered with BBVA Securities Inc. (CRD# 27060), BBVA Compas Investment Solutions, Inc (CRD# 17086), BBVA Investments Inc. (CRD# 31769), and Citicorp Investment Services (CRD# 23988). He had been in the industry since 2001.Ricardo Turlan is a previously registered broker who last worked for UBS Financial Services in San Antonio, Texas. Turlan’s record shows that in 2019 he was discharged from UBS after an investigation allegedly determined that he exercised discretion in client accounts without proper authorization and traded at unsuitable levels.

Before working for UBS Financial Services (CRD# 8174) starting in 2015, Turlan was previously registered with BBVA Securities Inc. (CRD# 27060), BBVA Compas Investment Solutions, Inc (CRD# 17086), BBVA Investments Inc. (CRD# 31769), and Citicorp Investment Services (CRD# 23988). He had been in the industry since 2001. Continue reading ›

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Pratul Agnihotri (CRD#: 4031797) is currently under investigation by FINRA authorities for violating several FINRA Rules: “Violation of FINRA Rule 2010 – conversion of investor funds; Violation of FINRA Rules 3270 and 2010 – engaging in an outside business activity without providing prior written notice to you FINRA member employer firms.” Report about Pratul V. Aginhotri, FINRA BrokerCheck, 2020. As of October 18, 2019, FINRA has made a preliminary determination that it recommends disciplinary action be takin against Agnihotri for his alleged FINRA Rule violations.Pratul Agnihotri (CRD#: 4031797) is currently under investigation by FINRA authorities for violating several FINRA Rules: “Violation of FINRA Rule 2010 – conversion of investor funds; Violation of FINRA Rules 3270 and 2010 – engaging in an outside business activity without providing prior written notice to you FINRA member employer firms.” Report about Pratul V. Aginhotri, FINRA BrokerCheck, 2020.

As of October 18, 2019, FINRA has made a preliminary determination that it recommends disciplinary action be takin against Agnihotri for his alleged FINRA Rule violations. Continue reading ›

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Stefan Anton Pastor (CRD: #5141819) is a former registered broker and investment advisor whose last employer was Raymond James Financial Services, Inc. (CRD# 6694) of Fort Lauderdale, FL. Pastor was also dually registered with Raymond James and Provenance Wealth Advisors during this period. His previous employers include Walnut Street Securities, Inc. (CRD#:15840), also of Fort Lauderdale, and Ameriprise Financial Services, Inc. (CRD#:6363) of Plantation, FL. He has been in the industry since 2006. After a customer’s complaint of forgery and unauthorized trades to her account and false sales confirmations, both Raymond James Financial and Provenance Wealth Advisors discharged him. The client requested damages in the amount of $38,725.00, and the case was settled for $60,000.Stefan Pastor (Stefan Anton Pastor) (CRD: #5141819) is a former registered broker and investment advisor whose last employer was Raymond James Financial Services, Inc. (CRD# 6694) of Fort Lauderdale, FL. Pastor was also dually registered with Raymond James and Provenance Wealth Advisors during this period. His previous employers include Walnut Street Securities, Inc. (CRD#:15840), also of Fort Lauderdale, and Ameriprise Financial Services, Inc. (CRD#:6363) of Plantation, FL. He has been in the industry since 2006.

After a customer’s complaint of forgery and unauthorized trades to her account and false sales confirmations, both Raymond James Financial and Provenance Wealth Advisors discharged him. The client requested damages in the amount of $38,725.00, and the case was settled for $60,000. Continue reading ›

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David Howard Fagenson (CRD#: 1652012) is a previously registered broker and current investment advisor whose last employer was Newbridge Securities Corporation (CRD#:104065) of Boca Raton, FL. His previous employers include UBS Financial Services Inc. (CRD#:8174) of Palm Beach, FL, Merrill Lynch, Pierce, Fenner & Smith Incorporated (CRD#:7691) of West Palm Beach, FL, and Morgan Stanley DW Inc. (CRD#:7556) of Purchase, NY. No current employment information is available. He has been in the business since 1987.FINRA suspended Fagenson for exercising de facto control over the accounts of three senior investors without their consent, making unsuitable trades, losing money from the accounts and generating excess commissions for himself and his firm while at UBS. Fagenson was found to have engaged in “quantitatively unsuitable trading” in three accounts of senior investors, between January 2012 and September 2016. David Howard Fagenson (CRD#: 1652012) is a previously registered broker and current investment advisor whose last employer was Newbridge Securities Corporation (CRD#:104065) of Boca Raton, FL. His previous employers include UBS Financial Services Inc. (CRD#:8174) of Palm Beach, FL, Merrill Lynch, Pierce, Fenner & Smith Incorporated (CRD#:7691) of West Palm Beach, FL, and Morgan Stanley DW Inc. (CRD#:7556) of Purchase, NY. No current employment information is available. He has been in the business since 1987. Continue reading ›

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