Jeffrey Jacobson; Dougherty & Company; Minneapolis, Minnesota

Stoltmann Law Offices is investigating Jeffrey Jacobson who is a registered broker with Dougherty & Company in Minneapolis, Minnesota. Jacobson allegedly “did not adequately supervise a representative who initiated hundreds of trades for elderly customers without contacting them, and unsuitably recommended transactions to those customers. He also recommended unsuitable trading strategies short term trading in…

Amr Aboulmagd Barred From Industry: What Investors Can Do

Recently, Amr Aboulmagd, a former broker, was permanently barred from the industry, according to his Financial Industry Regulatory Authority (FINRA) Letter of Acceptance, Waiver and Consent (AWC). FINRA accused Aboulmagd of making unsuitable recommendations and misrepresentations to customers regarding switches from fixed annuities to variable annuities. He also allegedly failed to appear for his on-the-record…

Richard Graham; Huntington Investment Company; Lafayette, Indiana

According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Richard Graham was accused of making unsuitable investment recommendations regarding the sale of unit investment trusts (UITs) while employed at Huntingont Investment Company. A UIT is a type of investment that represents undivided interests in a relatively…

Steven Orr; H. Beck Inc.

Stoltmann Law Offices is interested in speaking to those individuals who may have invested money with Steven Orr, a registered broker with H. Beck Inc. in Houston, Texas. Orr was accused of making unsuitable investment recommendations and misrepresenting products, including direct participation products (DPPs) and private placements including oil and gas partnerships, non-traded real estate…

Richard Poston; H. Beck

Stoltmann Law Offices is interested in speaking to those individuals who may have invested money with Richard Poston, a former H. Beck registered broker. Beck was being investigated by the Financial Industry Regulatory Authority (FINRA), alleging violations of FINRA rules including standards of commercial honor and equitable principles of trade, improper use of customers’ securities…

Broker Charged with Fraud and Forgery Commits Suicide

Jerome Bonnett, formerly with Bonnett Wealth Management, and Securities America, committed suicide in May after Bonnett Wealth Management collapsed and he was charged with first-degree forgery and insurance fraud. On May 20, Bonnett Wealth Management had its assets frozen by the state of Nebraska. Bonnett was being investigated for mismanaging investor funds for personal use.…

Matthew Lilleberg; Moloney Securities

Stoltmann Law Offices is interested in speaking to those individuals who may have invested money with Matthew Lilleberg, a registered representative with Moloney Securities in Minnesota. Lilleberg has been accused of executing unauthorized trades, executing an unauthorized purchase of a stock, and recommending unsuitable investments. These are all against securities rules and regulations. Lilleberg was…