Stoltmann Law Offices continue to investigate Securities America, after it was fined $175,000 by FINRA. Between August 2014 and January 2016, FINRA charged that brokers with Securities America, overlooked or violated suitability concerns with two classes of variable annuities that were sold. During this time frame, FINRA alleged that Securities America received close to $53…
Stoltmann Law Offices is investigating Kestra Investment Services broker Mitchell Walk. According to his publicly available records with the Financial Industry Regulatory Authority (FINRA), Mitchell Walk has been subject to five customer complaints, two of which are currently pending. These allege that Walk misrepresented material facts about variable annuities in his investment recommendations to customers,…
Stoltmann Law Offices is investigating Richard Fichter, a registered representative with Securities America in Williamsville, New York. Mr. Fichter allegedly acted negligently in connection to alleged improper sales practices employed by the account’s previous representative, made unsuitable recommendations and trades, failed to follow instructions, executed unauthorized trades, placed trades for the primary purpose of generating…
Stoltmann Law Offices is investigating Scott Cody, a Securities America broker in Denver, Colorado. Mr. Cody allegedly sold an unsuitable variable annuity product for the purpose of increasing his commissions. He also failed to follow instructions to liquidate an account before a wire transfer. These are against securities laws, and internal firm rules. Mr. Cody,…
Bruce Page Barber, a former financial advisor with Securities America in Colorado Springs, Colorado, was barred from the securities industry. Barber allegedly solicited 15 firm customers to purchase an unapproved securities product in ABC, LLC, a company for which he served on the Board of Directors. Barber was terminated from Securities America in February 2017…
Stoltmann Law Offices is investigating Michael Crowe, a former financial advisor with Securities America in Mesa, Arizona. Crowe was alleged to have solicited an investor to invest $50,000 in Simply Smart Homes, LLC, which was purported to invest in and flip residential property. Richard Smart, who ran Smart homes, had several tax liens against him…
Stoltmann Law Offices is investigating Jesus Rodriguez, a broker with IMS Securities. Rodriguez is accused of acting negligently, misrepresenting material facts, and breaching fiduciary duty in connection to real estate investment trusts. These are all against securities rules and regulations. IMS Securities can be sued in the Financial Industry Regulatory Authority (FINRA) arbitration forum on…
They are, through the Financial Industry Regulatory Authority (FINRA) arbitration process. Did you lose money because of Robert “Rusty” Tweed? If so, the attorneys at Stoltmann Law Offices may be able to help you recover your investment losses on a contingency fee basis. Robert Tweed allegedly obtained more than $1.6 million from his retail customers…
Stoltmann Law Offices continues to investigate J. Randall Gladden, a financial advisor in Aliso Viejo, California. The Financial Industry Regulatory Authority (FINRA) and the Arizona Corporation Commission alleged that Gladden sold $2.1 million worth of notes or “units” in the Church Development Fund, LLC and the Church Fund, LLC. Mr. Gladden managed and operated both.…
Were you a client of Timothy D Ballard? Did he recommend that you take out a margin loan in order to purchase stocks or other investments? If so, this recommendation may be unsuitable and inappropriate for you and it might entitle you to damages. Margin is a high risk investment strategy that simply isn’t suitable…