Public records with the Financial Industry Regulatory Authority (FINRA) state that Troy, Michigan-based LM Kohn & Company broker Dainforth French has resolved or pending customer complaints within the industry. Dainforth French allegedly was liable as a control person for wrongdoing by a registered representative, failed to properly manage his accounts resulting in losses, misrepresented material…
According to a recent FinancialPlanning article, former Woodbury Financial and Questar broker Kevin Wanner will face prison time and forfeiture of assets, including real estate proceeds and his car. Wanner pleaded guilty to mail fraud and money laundering. He allegedly orchestrated a 15-year ponzi scheme involving CDs and investment funds, according to the North Dakota…
According to a Decision heard before the Financial Industry Regulatory Authority (FINRA), former Morgan Stanley broker Kenneth Mathieson was suspended for one year in all capacities and fined $50,000 for participating in private securities transactions and engaging in outside business activities without prior written notice to, and permission from, Morgan Stanley. FINRA also found that…
According to records with the Financial Industry Regulatory Authority (FINRA), Raymond James broker Clifford Vatter allegedly made unsuitable investment recommendations, misrepresented and omitted material facts, breached fiduciary duty, made unauthorized withdrawals, and other things. These are all against securities laws and internal firm rules. A broker such as Mr. Vatter must take into account a…
According to multiple complaints filed with the Financial Industry Regulatory Authority (FINRA), Todd Douglas Ryman has been subject to several disclosures on his record, including allegations of unauthorized trading, unsuitable trading, misrepresentation of material facts, and other transgressions. He was also accused of selling an unsuitable Private Equity fund. These are all against securities laws…
You are. Raymond James can be sued in the Financial Industry Regulatory Authority (FINRA) arbitration forum on a contingency fee basis if you lost money with one of its brokers. William McWilliams, a former broker with Raymond James, recently entered into a Letter of Acceptance, Waiver and Consent (AWC) with FINRA, wherein he was accused…
Stoltmann Law Offices is investigating Ciro Cavazos, a former Raymond James advisor. He was recently terminated from the firm. He allegedly borrowed money from a client without providing disclosure to Raymond James. Cavazos also allegedly misrepresented material facts related to an investment, and made unauthorized withdrawals that resulted in a tax liability. If you have…
You can recover Scott Sibley investment losses by calling our Chicago and Barrington, Illinois-based law firm at 312-332-4200 to speak with an attorney for a no-cost, no-obligation consultation. We sue firms like Raymond James, Sibley’s former firm, in the Financial Industry Regulatory Authority (FINRA) arbitration process on a contingency fee basis, which means we only…
Recently, the Certified Financial Planner Board of Standards (CFP) imposed a suspension of Michael Breton’s CFP certification. The Securities and Exchange Commission (SEC) also barred him from association with any broker, dealer, investment adviser, municipal securities dealer, municipal advisor, transfer agent or nationally recognized statistical rating organization. The SEC alleged that Mr. Breton placed…
According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), William Webb allegedly engaged in four outside business activities involving firm customers without providing written notice to his firm, Raymond James. This occurred between December 2010 and August 2015, and, on six occasions, Webb borrowed money from…