Warning To Investors: Steven Knuttila Accused of Overconcentrating Clients in Unsuitable and Illiquid Investments

Recently, an arbitration claim was filed in the Financial Industry Regulatory Authority (FINRA) against Steven Knuttila. The claim was filed by two retirees, alleges that Knuttila overconcentrated client accounts in unsuitable and illiquid investments. These products were high-risk, nontraded securities. These typically guarantee brokerage firms and the brokers who recommend them, larger commissions, while harming…

Brant Andrew Ray Losses? Call Us Today

According to a Disciplinary Proceeding with the Financial Industry Regulatory Authority (FINRA), Brant Ray improperly borrowed $50,000 from a customer in March 2014. He then falsely certified in an annual compliance questionnaire that he was in compliance with his firm’s prohibition against borrowing from customers. He then provided false information about the customer loan in…

Former Broker Wins $1.8 Million Arbitration Award; How To Sue PNC Investments

According to a recent InvestmentNews article, Adrienne M. Mennemeyer, a former broker, won $1.5 million in punitive damages and $300,000 in compensatory damages after she was terminated from PNC in December 2013. Ms. Mennemeyer was “terminated for dishonesty and a violation of PNC Bank policy,” after she closed a pending checking account application and resubmitted…

Michael Mason Losses? How You Can Sue Edward Jones

Stoltmann Law Offices is investigating Michael Mason, a former representative with Edward Jones in Millington, Tennessee (38053). He was barred by the Financial Industry Regulatory Authority (FINRA) after he failed to respond to an investigation regarding him falsifying client information to open new accounts with Edward Jones. Brokerage firms have an ironclad obligation to oversee…

Beth DuToit; United Planners’ Financial Services of America; Norman, Oklahoma

Beth DuToit has received two regulatory sanctions and was terminated from her most recent employer. She allegedly “had customers sign a blank form to facilitate the transfer of multiple accounts to the firm rather than have the customers sign transfer request forms for each of the accounts transferred.” Dutoit then submitted the forms with photocopied…