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Alphonse Stazzone (Alphonse Joseph Stazzone CRD:#4908107) is a previously registered broker and whose last known employer was Monmouth Capital Management LLC (CRD#:290248) of Holmdel, New Jersey. His previous employers include Garden State Securities, Inc. (CRD#:10083) of Red Bank, NJ and Woodstock Financial Group, Inc. (CRD#:38095) of Staten Island, NY. He has been in the industry since 2005. Maxim Beliakov (CRD:# 5968432) is a former registered broker whose last employer was Garden State Securities, Inc. (CRD#:10083) of Red Bank, NJ Woodstock Financial Group, Inc. (CRD#:38095) of Staten Island, NY, and Chelsea Financial Services (CRD#:47770), also of Staten Island. He has been in the industry since 2011.Alphonse Stazzone (Alphonse Joseph Stazzone CRD:#4908107) is a previously registered broker and whose last known employer was Monmouth Capital Management LLC (CRD#:290248) of Holmdel, New Jersey. His previous employers include Garden State Securities, Inc. (CRD#:10083) of Red Bank, NJ and Woodstock Financial Group, Inc. (CRD#:38095) of Staten Island, NY. He has been in the industry since 2005. Continue reading ›

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If your financial advisor or broker sold you shares of Chegg, Inc. (CHGG), Silver Law Group may be able to help you recover your investment losses. If you have losses from investing in Chegg, Inc (CHGG), please contact Silver Law Group today for a no-cost consultation about options to recover your losses at (800) 975-4345 or at ssilver@silverlaw.com. Chegg, Inc. is an education technology company based in California that held its initial public offering (IPO) in 2013 and trades under the symbol CHGG. The company's stock has recently experienced a significant decline in its share price. After market close on November, 1, 2021, Chegg released disappointing earnings for the third quarter. The next day the stock closed down about 50% from the previous day. As of this writing, the stock trades at about $30 per share and has a market cap of $4.4 billion. Pearson Education, a textbook publishing company, recently filed suit against Chegg alleging the company is infringing on Pearson’s copyright. The lawsuit was brought months after the end of a partnership between the two companiesIf your financial advisor or broker sold you shares of Chegg, Inc. (CHGG), Silver Law Group may be able to help you recover your investment losses.

If you have losses from investing in Chegg, Inc (CHGG), please contact Silver Law Group today for a no-cost consultation about options to recover your losses at (800) 975-4345 or at ssilver@silverlaw.com. Continue reading ›

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In April, 2021, Silver Law Group and the Law Firm of David Chase filed the first arbitration claims on behalf of investors who lost virtually their entire life savings in fixed and variable annuity insurance products sold by Northstar Financial Services (Bermuda). The offshore Northstar Bermuda is now in court-ordered liquidation proceedings with anticipated debts of $265 million, after relying for years on U.S. brokerages to pitch its risky investment products to unsuspecting investors as being safe and secure. The complaints, filed with the Financial Industry Regulatory Association (FINRA) seek compensatory and punitive damages against the brokerage firm and the brokers who sold the claimant-investors on Northstar annuities without properly warning about the risks involved in off-shore investment or adequately investigating the “complex, risky, speculative, and illiquid nature” of Northstar’s investment products.In April, 2021, Silver Law Group and the Law Firm of David Chase filed the first arbitration claims on behalf of investors who lost virtually their entire life savings in fixed and variable annuity insurance products sold by Northstar Financial Services (Bermuda). Continue reading ›

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Donatas Belys Vildzius (CRD#: 2202883) is a former broker and registered investment advisor whose last known employer was Network 1 Financial Securities Inc. (CRD#:13577) of Danbury, CT. His previous employers include Rockwell Global Capital LLC (CRD#:142485), also of Danbury, Source Capital Group, Inc. (CRD#:36719), of Westport, CT, and Wachovia Securities, LLC (CRD#:19616) of St. Louis, MO. He has been in the industry since 1992. Vildzius is the subject of twelve disclosures, including two civil judgments from 2012 totaling $9,062 and multiple regulatory sanctions. The most recent action was initiated by FINRA after Vildzius was found to have churned the accounts of two clients with excess trading. This action occurred between August 2015 and April 2017, when he recommended a short-term trading strategy that involved in-and-out trading. The result of these trades was a high turnover rate and excessive fees.   Following Vildzius’ recommendations, the clients both executed the unsuitable trades. This also gave Vildzius de facto control over both customer accounts. After following Vilzus’ recommendations, the two clients suffered losses totaling $32,240, and paid commissions and fees totaling $33,449. After signing the Acceptance, Waiver & Consent (AWC) Letter, FINRA fined Vildzius $5,000 and suspended him from any association with any FINRA member firm for six months, beginning 10/9/2020.Donatas Belys Vildzius (CRD#: 2202883) is a former broker and registered investment advisor whose last known employer was Network 1 Financial Securities Inc. (CRD#:13577) of Danbury, CT. His previous employers include Rockwell Global Capital LLC (CRD#:142485), also of Danbury, Source Capital Group, Inc. (CRD#:36719), of Westport, CT, and Wachovia Securities, LLC (CRD#:19616) of St. Louis, MO. He has been in the industry since 1992. Continue reading ›

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Joseph Michaletz (CRD#: 1327534, aka “Joseph Gerard Michaeletz”, “Joseph Gerald Michaeletz” and “Joe Michaletz”) is a currently registered broker and investment advisor currently employed with Dai Securities of Mankato, MN. His previous employers include Concorde Investment Services, LLC (CRD#:151604), Triad Advisors, Inc. (CRD#:25803) and Transamerica Financial Advisors, Inc. (CRD#:3600), all also of Mankato, MN. He has been in the industry since 1984. Silver Law Group represents clients of Joseph Michaletz for claims to recover investment losses suffered in GPB Capital Holdings. Joseph Michaletz Disclosures From 5/29/2020 through 3/24/2021, eight client disputes were filed against Joseph Michaletz and remain listed as pending. The collective allegations include: Unsuitable recommendations Over-concentrations of private placements Negligent due diligence in private placements Breaches of fiduciary duty Fraudulent/negligent misrepresentations and omissions Breach of contract Failure to superviseJoseph Michaletz (CRD#: 1327534, aka “Joseph Gerard Michaeletz”, “Joseph Gerald Michaeletz” and “Joe Michaletz”) is a currently registered broker and investment advisor currently employed with Dai Securities of Mankato, MN. His previous employers include Concorde Investment Services, LLC (CRD#:151604), Triad Advisors, Inc. (CRD#:25803) and Transamerica Financial Advisors, Inc. (CRD#:3600), all also of Mankato, MN. He has been in the industry since 1984. Continue reading ›

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According to FINRA Disciplinary actions for October 2021, 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
  Matthew Berman
  Thomas Bonik   NTB Financial Corporation
  LInsco/Private Ledger Corp.
  James Clements   Allstate Financial Services, LLC
  State Farm VP Management Corp.
  Henrique Lucena   Laidlaw & Company
  Morgan Stanley
  Lionel Scott   Arive Capital Markets
  Cape Securities Inc.
  Ricardo Uliambre   Morgan Stanley Smith Barney LLC
  UBS Financial Services Inc.
   Paul Vizanko   Wells Fargo Clearing Services, LLC
  Merrill Lynch, Pierce, Fenner & Smith Incorporated

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According to FINRA Disciplinary actions for October 2021, 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
  Brett Bauer   BrokerBank Securities, Inc.
  CapitalQuest Securities, Inc.
  Carmine Berardi   First Standard Financial Advisory, LLC
  Alexander Capital, LP
  Jason Fekete   Ameritas Investment Company, LLC
  Lincoln Financial Securities Corporation
  Geoffrey Garratt   Spartan Capital Securities, LLC
  First Standard Financial Company
  Trevor Gordon   Sandlapper Securities, LLC
  James Harold Goode, Jr.
  Thomas Hagan   Morgan Stanley
  Wells Fargo Advisors, LLC
  Andre Labarbera   Titus Rockefeller, LLC
  IFS Securities
  Michael Leahy   First Standard Financial Company LLC
  Alexander Capital, LP
  David Levy   Titus Rockefeller, LLC
  IFS Securities
  Leslie Markus Jr.   Lincoln Investment
  Ameriprise Financial Services, Inc.
  Scott Reynolds   Avatar Securities, LLC
  Spartan Securities Group, Ltd.
  Richard Stoyeck   Titus Rockefeller, LLC
  Newport Coast Securities, Inc.
  Gopi Vungarala   Pershe Kaplan Sterling Investments
  Sutterfield Financial Group, Inc.
  Robert Wong   Jefferies LLC
  Scott-Macon Securities, Inc.

Continue reading ›

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