Adam Lopez of Country Capital Under Investigation by the State of Illinois For Swindling Clients

Stoltmann Law Offices is investigating Adam Lopez, of Springfield, Illinois, who the State of Illinois has alleged swindled clients out of at least $403,000.  According to a Temporary Order Of Suspension and Prohibition filed by the Illinois Securities Department, # 1800493, Lopez advised clients, including family members, to transfer funds out of their Country Capital…

Complaints Against Daniel Kittner

Former Ameritas Investment Corporation broker Daniel Kittner, out of Mesa, Arizona, recently resigned from his firm. He was “permitted to resign” from his position at Ameritas “during the firm’s investigation into a customer’s verbal complaint.” In December 2016, a customer alleged that Kittner, while employed at Edward Jones, did not properly advise him with respect…

Zachary Berkey and Daniel Fischer Four Points Capital Brokers Have Churning Complaints: Options for Investors

According to a recent InvestmentNews article, Zachary Berkey and Daniel Fischer, two brokers with Four Points Capital Partners, were charged with churning the accounts of 10 customers. The brokers clients allegedly lost a total of $573,867, according to the complaint, while the brokers received $106,000 and $175,000 respectively, in commissions. Mr. Fischer is ordered to…

Leslie Koonce Allegedly Violated Securities Laws

According to a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Leslie Koonce, a former broker with LPL Financial, violated securities laws. Allegedly, between January 2012 and March 2015, Koonce participated in several private securities transactions without providing prior written notice to his firm, LPL. He also completed firm…

Investor Update: William Heiden and Unsuitable Oil and Gas Investment Claims

Stoltmann Law Offices continues to investigate William Heiden, a Wedbush Securities registered broker, who has been subject to nine customer complaints. Allegedly, Mr. Heiden, according to a claim filed in June 2017, breached his fiduciary duty, committed violation of industry rules, and financial elder abuse causing $855,299 in losses. The claim is currently pending. He…

Donald Devito Churning Losses

Stoltmann Law Offices is investigating Donald Devito, a former registered broker with Wells Fargo. Mr. Devito was terminated from the bank in December 2016, after it was revealed the firm had concerns over the level of trading in client accounts. In 2016 through 2017, Devito has had six complaints filed against him concerning the level…

Broker Douglas Leone Accused of Unsuitable and Excessive Trades

According to a Disciplinary Proceeding with the Financial Industry Regulatory Authority (FINRA), former SW Financial broker Douglas Leone was accused of making potentially unsuitable and excessive transactions in multiple customer accounts. Mr. Leone also failed to appear and provide testimony regarding FINRA’s investigation of him. These are against securities laws and internal firm rules. Excessive…