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According to FINRA Disciplinary actions for July 2019, 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
  Bang, Gregory   NYLIfe Securities LLC
  Block, Gabriel   First Standard Financial Company
  National Securities Corporation
  Cardwell, Harlan III   Prospera Financial Services, Inc
  Oxford Financial Group
  Duchan, Patricia   UBS Financial Services Inc
  Golan, Rafael   Crystal Bay Securities Inc.
  Independent Financial Group, LLC
  Kane, Jordan   Citizens Securities, Inc
  Martinez, Joseph   Pruco Securities, LLC
  The Prudential Insurance Company of America
  Sercia, Anthony   Traderfield Securities Inc
  Legend Securities, Inc
  Weldon, Benjamin   State Farm VP Management Corp

FINRA makes this information available, in part, to inform investors about potential red flags or problems with certain stockbrokers.  If you invested with anyone in this report and have questions about your legal rights, our attorneys will talk with you at no cost to explain your legal rights and about how we can help recover your investment losses through securities arbitration or litigation.

Silver Law Group represents investors in securities and investment fraud cases through FINRA arbitration or court.  Our lawyers are admitted to practice in New York and Florida and represent investors nationwide in securities arbitration to help recover investment losses due to stockbroker misconduct.  If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

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According to FINRA Disciplinary actions for July 2019, 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
  Deblois, Matthew   The Champion Group, Inc
  McNally Financial Services Corp
  Dewaay, Donald Jr.   Dewaay Financial Network, LLC
  VSR Financial Services, Inc
  Freeman, Michael   Spartan Capital Securities, LLC
  Legend Securities, Inc
  Fuzie, Cindy   Morgan Stanley
  MML Investors Services, LLC
  Hernandez, Evelyn   Morgan Stanley
  Chase Investment Services
  Barry, Jin   Spartan Capital Securities, LLC
  Lampert Capital Markets Inc
  LaVolpe, Michael   Meyers Associates, LP
  Leonard, William   JH Darbie & Co, Inc
  BMS Securities, LLC
  Walsworth, Peter   Morgan Stanley
  Merrill Lynch, Pierce, Fenner & Smith Inc

Silver Law Group represents investors in securities and investment fraud cases through FINRA arbitration or court.  Our lawyers are admitted to practice in New York and Florida and represent investors nationwide in securities arbitration to help recover investment losses due to stockbroker misconduct.  If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Our lawyers have extensive experience collecting FINRA arbitration awards, prevailing on Motions to Vacate FINRA arbitration awards and using various collection efforts to enforce FINRA awards after they are received.

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The future is uncertain for GPB Capital Holdings and its investors. As state and federal agencies investigate the troubled alternative asset management company, investors wait, unable to sell, wondering if the money they invested will evaporate. It wasn’t supposed to be this way. Clients were told by their brokers that GPB had solid assets and that investing in the company was low-risk. Sure a private placement in GPB was illiquid, but it would provide a healthy income stream for years to come, and one day the company could go public and make them a healthy profit, they said. Many investors did not appreciate that one of the primary guarantees for the selling brokerage firms was the substantial commission that GPB offered to pay the financial advisors who sold GPB Capital Notes. The future is uncertain for GPB Capital Holdings and its investors. As state and federal agencies investigate the troubled alternative asset management company, investors wait, unable to sell, wondering if the money they invested will evaporate.

It wasn’t supposed to be this way. Clients were told by their brokers that GPB had solid assets and that investing in the company was low-risk. Sure a private placement in GPB was illiquid, but it would provide a healthy income stream for years to come, and one day the company could go public and make them a healthy profit, they said.

Continue reading ›

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GPB Capital Holdings is being sued by one of its business partners, David Rosenberg, for allegations of financial misconduct. According to the lawsuit, Rosenberg is the chief executive of Prime Automotive Group. In 2017, he sold a majority stake in the company to GPB for $235 million. Rosenberg’s lawsuit accuses GPB of running like a Ponzi scheme by using investor’s money to pay other investors. He also alleges that GPB tried to force him out after he complained about their behavior to the SEC.GPB Capital Holdings is being sued by one of its business partners, David Rosenberg, for allegations of financial misconduct. According to the lawsuit, Rosenberg is the chief executive of Prime Automotive Group. In 2017, he sold a majority stake in the company to GPB for $235 million. Rosenberg’s lawsuit accuses GPB of running like a Ponzi scheme by using investor’s money to pay other investors. He also alleges that GPB tried to force him out after he complained about their behavior to the SEC. Continue reading ›

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Robert Charles High II (CRD: #4568165) is a former registered broker and investment advisor whose last employer was First Financial Equity Corporation (CRD#:16507) of Scottsdale, AZ. His previous employers include Chase Investment Services Corp. (CRD#:25574) and Banc One Securities Corporation (CRD#:16999.) He has been in the industry since 2002.The FBI opened an investigation on 2/14/2019 into Robert High over allegations of potential forgery and misappropriation of funds. On 2/20/2019, First Financial Equity Corporation discharged High for “violations of firm policies.” Robert Charles High II (CRD: #4568165) is a former registered broker and investment advisor whose last employer was First Financial Equity Corporation (CRD#:16507) of Scottsdale, AZ. His previous employers include Chase Investment Services Corp. (CRD#:25574) and Banc One Securities Corporation (CRD#:16999.) He has been in the industry since 2002.

The FBI opened an investigation on 2/14/2019 into Robert High over allegations of potential forgery and misappropriation of funds. On 2/20/2019, First Financial Equity Corporation discharged High for “violations of firm policies.” Continue reading ›

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James Bradley Schwartz (CRD# 3043085) is a former registered broker whose last employer was Joseph Gunnar & Co. LLC (CRD#:24795) of New York, NY. Previous employers include First Standard Financial Company LLC (CRD#:168340) of Garden City, NY, and Aegis Capital Corp. (CRD#:15007) of Melville, NY.  He has been in the industry since 1998.During his tenure with Aegis (2013 through 2016), Schwartz was the subject of six customer disputes, all of which were settled by the firm. The allegations against Schwartz were similar: unauthorized and excessive trading, unsuitable recommendations, breach of fiduciary duty, negligence, misrepresentation, and others. The damages requested for these six disputes totaled $6,861,954.47, and the damages awarded totaled $2,730,286.36.James Schwartz (CRD# 3043085) is a former registered broker whose last employer was Joseph Gunnar & Co. LLC (CRD#:24795) of New York, NY. Previous employers include First Standard Financial Company LLC (CRD#:168340) of Garden City, NY, and Aegis Capital Corp. (CRD#:15007) of Melville, NY.  He has been in the industry since 1998. Continue reading ›

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Silver Law Group continues to file claims for investors who purchased GPB Capital. FINRA arbitration claims are being filed in an effort to recover the money investors lost alleging broker dealers were negligent. In many cases, investors are arguing that the brokerage firms who sold GPB to them failed to do adequate due diligence and/or overconcentrated their accounts in GPB. Silver Law Group has filed arbitration claims on behalf of clients who invested in GPB, including the first against Advisor Group broker-dealer SagePoint Financial, which requests $400,000 in damages.Silver Law Group continues to file claims for investors who purchased GPB Capital. FINRA arbitration claims are being filed in an effort to recover the money investors lost alleging broker dealers were negligent.

In many cases, investors are arguing that the brokerage firms who sold GPB to them failed to do adequate due diligence and/or overconcentrated their accounts in GPB. Continue reading ›

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Oasmia Pharmaceutical AB (OASM), a publicly-traded company that develops, manufactures, and sells cancer-treating drugs, is being investigated for potential violations of federal securities laws. After market close on July 9, 2019, Oasmia announced that it had terminated its “engagement and cooperation” agreement with former executive chairman Julian Aleksov after a tax audit revealed missing money related to suspicious transactions between Oasmia and companies controlled by Aleksov and his former father-in-law.Oasmia Pharmaceutical AB (OASM), a publicly-traded company that develops, manufactures, and sells cancer-treating drugs, is being investigated for potential violations of federal securities laws.

Oasmia Terminates Relationship With Executive Chairman

After market close on July 9, 2019, Oasmia announced that it had terminated its “engagement and cooperation” agreement with former executive chairman Julian Aleksov after a tax audit revealed missing money related to suspicious transactions between Oasmia and companies controlled by Aleksov and his former father-in-law. Continue reading ›

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Barry Garapedian (CRD #1039251) is a currently-registered broker employed by Morgan Stanley (CRD #149777) of Westlake Village, CA. He has been with Morgan Stanley since 2009. He was previously employed by Citigroup Global Markets (CRD #7059), Lehman Brothers (CRD #7506), and E. F. Hutton & Company (CRD #235) He has been in the industry since 1982. Garapedian’s FINRA BrokerCheck report lists 14 disclosures starting in 1992, all customer disputes. He was the subject of three FINRA customer disputes in 2018, all with similar allegations of “unsuitability”. The first, in March 2018 was denied. The second was also filed in March 2018 and involves the period 2013 to 2015, and is listed as “pending.” The third claim, filed on 4/01/18, alleged excessive fees and overconcentration and was settled for $110,000. Garapedian’s statement denies the allegations, and maintains that everything was discussed with the customer prior to any transactions, and the investments recommended were suitable for the client.Barry Garapedian (CRD #1039251) is a currently-registered broker employed by Morgan Stanley (CRD #149777) of Westlake Village, CA. He has been with Morgan Stanley since 2009. He was previously employed by Citigroup Global Markets (CRD #7059), Lehman Brothers (CRD #7506), and E. F. Hutton & Company (CRD #235) He has been in the industry since 1982. Continue reading ›

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According to FINRA Disciplinary actions for June 2019, the following individuals were suspended 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
  Andrews, Carolyn   UBS Financial Services Inc.
  Morgan Keegan & Company, Inc
  Avent, Meiewyn   Alliance-One Investments, LLC
  Metlife Investors Distribution Company
  Bougopoulkos, Nicholas   Wells Fargo Securities, LLC
  Stifel Financial Corp
  Cook, Marian   Farmers Financial Solutions, LLC
  Corley, Robert   Fidelity Brokerage Services LLC
  Redstone Securities, Inc
  Detamore, Craig   Allstate Financial Services, LLC
  Dysart, Jennifer
  Friedman, Steven   Ameriprise Financial Services, Inc
  IDS Life Insurance Company
  Garcia, Francisco   Park Avenue Securities
  EQ Financial Consultants Inc
  Griffin, Sparkle   UBS Financial Services Inc.
  Merrill Lynch, Pierce, Fenner & Smith Inc
  Heilman, Peter   Edward Jones
  High, Robert   First Financial Equity Corp
  Chase Investment Services Corp
  Irizarry, Melissa   LPL Financial LLC
  Invest Financial Corp
  LaBare, Richard   Union Capital Company
  Morgan Stanley & Co Inc
  Mariampolski, Arnold   AXA Advisors
  Ohel, Ziv   CFD Investments, Inc
  Ameriprise Financial Services, Inc
  Ortega, James   Allstate Financial Services, LLC
  Powers, Robert   Emerging Growth Equities, LTD
  Roth Capital Partners, LLC
  Rubio, Miguel   State Farm VP Management Corp
  Soto, Rani   Prudential Investment Mgmt Services LLC
  Alliance Bernstein Investments, Inc
  Thompson-Owens, Terrell
  Thurman, Purnell   Park Avenue Securities LLC
  Merrill Lynch, Pierce, Fenner & Smith Inc
  Yasso, Brandon   JP Morgan Securities LLC

Silver Law Group represents investors in securities and investment fraud cases through FINRA arbitration or court.  Our lawyers are admitted to practice in New York and Florida and represent investors nationwide in securities arbitration to help recover investment losses due to stockbroker misconduct.  If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

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