Silver Law Group has filed another FINRA arbitration claim against Voya Financial Advisors related to its former employee, Greenville, South Carolina broker James Flynn (CRD# 3082615).
In the securities arbitration complaint, our clients our clients allege they “received unsuitable investment advice and securities recommendations” from Flynn, who was our client’s financial advisor. Breach of fiduciary duty, negligence, and breach of contract are also claimed. Continue reading
Scott J. Donato (CRD#: 2336331) is a former registered broker and investment advisor who was last employed with Morgan Stanley (CRD#:149777) of Miami, FL, until 2017. He previously worked for two different Morgan Stanley companies, (CRD#: 8209 and 7556) since 1993. No current employment information is available.
Scott Donato is the subject of 10 disclosures dating back to 2001. The most recent, on 12/11/2018, is a FINRA regulatory action in which he failed to respond to a request for information from FINRA. He was notified by letter of his suspension on 3/14/2019, and failed to request a termination of his suspension by the three month deadline. FINRA barred Donato indefinitely in all capacities effective 3/14/2019. Continue reading
Silver Law Group is investigating Boca Raton, Florida-based Newbridge Securities Corporation broker David Fagenson (CRD# 1652012) after FINRA suspended him for eight (8) months for alleged misconduct in elder customer brokerage accounts.
According to Fagenson’s FINRA BrokerCheck report, FINRA suspended the Florida-based broker in November 2018. FINRA suspended Fagenson after he entered into an Acceptance, Waiver & Consent (AWC) that found Fagenson engaged in excessive and unsuitable trading in three (3) senior customer brokerage accounts while employed by UBS Financial Services Inc. Continue reading
Dan Brown (CRD#: 3184347) is a previously registered broker whose last employer was Joseph Stone Capital L.L.C. (CRD#:159744) of Center Moriches, NY. His previous employers include First Standard Financial Company LLC (CRD#:168340), Legend Securities, Inc. (CRD#:44952, expelled by FINRA on 4/17/2017) and Tryco Securities, Inc. (CRD#:104025), all of Miller Place, NY. Three of his former employers have been expelled by FINRA. He has been in the business since 1999. Continue reading
Richard Lynn Pittman (CRD#: 2845145) is a registered broker and investment advisor currently employed with Cetera Advisors LLC (CRD#: 10299) of Memphis, TN. His previous employers include Investors Capital Corp. (CRD#:30613), also of Memphis, Washington Square Securities, Inc. (CRD#:2882) of Des Moines, IA, and WMA Securities, Inc. (CRD#:32625) of Duluth, GA. He has been in the industry since 1997.
Richard Pittman has three disclosures, all recent customer disputes. The most recent dispute, filed on 10/31/2018, alleges that Pittman made unsuitable recommendations on investments that were purchased in 2008. Damages requested total $300,000. Pittman denies the allegations, and the case is currently pending. Continue reading
Robert David Child (CRD#: 500359) is a former registered broker and investment advisor whose last employer was National Securities Corporation (CRD#:7569) of Boca Raton, FL. Previous employers include Vfinance Investments, Inc (CRD#:44962 and #25121), also of Boca Raton, and UBS Painewebber Inc. (CRD#:8174) of Weehawken, NJ. He has been in the industry since 1976.
Child is the subject of 13 disclosures dating back to 1983. His most recent was filed on 10/31/2016, alleging breach of fiduciary duty and contract, suitability and negligence. The client requested damages of $250,000, and the case settled for $135,000. No additional information is available. Continue reading
Robert Daniel Witt (CRD#: 2926506) is a previously registered broker and investment advisor whose last employer was Voya Financial Advisors, Inc. (CRD#:2882) of Libertyville, IL. His previous employers include ING Financial Partners, Inc. (CRD#:2882) of Bloomington, IN, Oneamerica Securities, Inc. (CRD#:4173) and American United Life Insurance Company (CRD#:1075), both of Indianapolis, IN. No current employment information is available. He has been in the industry since 1997. Continue reading
Omar K. Henry (CRD#: 5751648) is a former registered broker and investment advisor whose last employer was Cetera Advisors LLC (CRD#:10299) of New York, NY. His previous employers include J.P. Morgan Securities LLC (CRD#:79) of Franklin, NJ, and Chase Investment Services Corp. (CRD#:25574) of Sussex, NJ. He has been in the industry since 2010.
On 09/27/2018 and 10/22/2018, FINRA sent two Notices of Suspension to Henry after he failed to respond to a request for information. On 12/31/2018, after failing to request termination of his suspension, FINRA barred Henry indefinitely, and in all capacities. No additional information is available. Continue reading
Recently we told you about broker Thomas Kelly, (CRD#: 2877415) of National Securities Corp. of New York, NY. He has worked in the financial industry since 1997, and now has a total of 19 disclosures dating back to 1999, primarily customer disputes and FINRA arbitration claims.
In addition to the earlier disclosures that have a total requested damages amount of $1,191,844, another customer filed a dispute on 11/1/2018, alleging “suitability, unauthorized trading, breach of fiduciary duty and negligence.” This new claim is currently listed as “pending,” bringing the total of pending claims to four. The customer requests damages of $500,000, bringing the total of requested damages in these claims to $1,691,844. Continue reading
Richard Wesselt (CRD#: 2195569) is a currently registered broker with Fortune Financial Services (CRD#: 42150) of Collegeville, PA, employed since 2017. His previous employers include The O.N. Equity Sales Company (CRD#:2936), also of Collegeville, Sterne Agee Financial Services, Inc. (CRD#:18456) of Jeffersonville, PA, and American Investment Services, Inc. (CRD#:21111, expelled by FINRA on 2/13/2003) of Oklahoma City, OK. Continue reading
Securities Arbitration Lawyers Blog