Published on:

Raymond James Financial ServicesAccording to a release published by the Financial Industry Regulatory Authority (FINRA) on December 21, 2017, FINRA has sanctioned broker-dealer firm Raymond James Financial Services $2 million in connection to the firm’s alleged supervisory failures. Fitapelli Kurta is interested in speaking to investors who have complaints regarding investments made with Raymond James Financial Services.

FINRA’s findings state that during a nine-year period, Raymond James’ system for reviewing email communications suffered from significant flaws and allowed “millions of emails to evade meaningful review.” A consequence of this was the risk that potential rule violations by firm brokers, advisers and other personnel might avoid detection. FINRA found that the set of words and phrases that were “used to flag emails for review” was not adequate to detect certain types of potential rule violations that the firm “knew or should have anticipated” might take place. FINRA has stated that the firm additionally failed to “devote adequate personnel and resources” to the subset of its staff that reviewed flagged emails. According to FINRA, Raymond James Financial Services additionally failed to regularly test the email system’s “configuration and effectiveness,” instead focusing on cutting down the amount of “false positives” detected by the system, as opposed to devoting resources to make sure the system efficiently found all possible “problematic categories of emails.”

FINRA’s Executive Vice President, Department of Enforcement Susan Schroeder said in a statement: “Firms have a clear obligation to reasonably supervise electronic communications, which includes periodically re-evaluating the effectiveness of existing procedures. They should also assess whether their e-mail review and supervisory systems are reasonably designed in light of each firm’s business model.”

Published on:

William TuckerPublicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on January 12, 2017 indicate that former Florida-based Morgan Stanley broker/adviser William Tucker Jr. has received a denied customer dispute and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Tucker (CRD# 1793101).

William Tucker has spent 25 years in the securities industry and was most recently registered with Morgan Stanley in St. Petersburg, Florida (2009-2017). Previous registrations include Morgan Stanley & Company in St. Petersburg, Florida (2007-2009) and Morgan Stanley DW in St. Petersburg, Florida (1991-2007). He has passed three securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on February 11, 1992; Series 31 (Futures Managed Funds Examination), which he obtained on September 13, 2003; and Series 7 (General Securities Representative Examination), which he obtained on December 19, 1991. He is currently not registered with any state, firm or self-regulatory organization.

According to his BrokerCheck report, William Tucker Jr. has received one customer complaint that was denied.

Published on:

Michael Hopkins Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on January 11, 2017 indicate that Florida-based Wells Fargo Clearing Services broker/adviser Michael Hopkins has received resolved or pending customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Hopkins (CRD# 4215619).

Michael Hopkins has spent 17 years in the securities industry and has been registered with Wells Fargo Clearing Services in The Villages, Florida since 2011. Previous registrations include in The Villages, Florida (2009-2011); Morgan Stanley & Company in The Villages, Florida (2007-2009); Morgan Stanley DW in The Villages, Florida (2005-2007); and AG Edwards & Sons in St. Louis, Missouri (2000-2005). He has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on October 23, 2007; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on August 14, 2000; Series 31 (Futures Managed Funds Examination), which he obtained on May 4, 2009; and Series 7 (General Securities Representative Examination), which he obtained on August 9, 2000. He is a registered broker and investment adviser with 18 US states and territories: Alabama, California, Colorado, Connecticut, Delaware, Florida, Georgia, Indiana, Kentucky, Maryland, Massachusetts, New Hampshire, New York, North Carolina, Pennsylvania, Rhode Island, Texas, and Virginia. He is registered with five self-regulatory organizations (SROs): FINRA, NYSE American LLC, Nasdaq PHLX LLC, the Nasdaq Stock Market, and the New York Stock Exchange.

According to his BrokerCheck report, he has received one customer complaint and one pending customer complaint.

Published on:

William GlaserPublic records published by the Financial Industry Regulatory Authority (FINRA) and accessed on January 11, 2017 indicate that former Missouri-based National Planning Corporation broker/adviser William Glaser, who has been barred by FINRA from acting as a broker, has received resolved or pending customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Glaser (CRD# 1274847).

William Glaser has spent 32 years in the securities industry and was most recently registered with National Planning Corporation in St. Albans Rd., Missouri (2007-2017). Previous registrations include Investment Planners in Chesterfield, Missouri (2002-2007); Cutter & Company in Ballwin, Missouri (1996-2001); JE Liss & Company in Milwaukee, Wisconsin (1991-1996); Walnut Street Securities in El Segundo, California (1989-1991); Investment Management & Research in St. Petersburg, Florida (1989); Integrated Resources Equity Corporation (1989); Mark Twain Brokerage Services (1987-1988); and ISFA Corporation (1984-1987). He has passed two securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on June 20, 1984, and Series 7 (General Securities Representative Examination), which he obtained on July 21, 1984. He is currently not registered with any state or firm.

According to his BrokerCheck report, William Glaser has received one FINRA sanction, one customer complaint, one pending customer complaint, and has been discharged from a former employer and named in a pending criminal investigation.

Published on:

Paul Harris

Publicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on January 11, 2018 indicate that Florida-based BB&T Securities broker/adviser Paul Harris has received a pending customer dispute. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Harris (CRD# 1927961).

Paul Harris has spent 28 years in the securities industry and has been registered with BB&T Securities in Boca Raton, Florida since July 2016. Previous registrations include UBS Financial Services in Boca Raton, Florida (2008-2016); Morgan Stanley & Company in Boca Raton, Florida (2007-2008); Citigroup Global Markets in Boca Raton, Florida (1994-2007); and AF Best Securities in Coral Springs, Florida (1989-1994). He has passed three securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on October 12, 1989; Series 7 (General Securities Representative Examination), which he obtained on March 18, 1989; and Series 53 (Municipal Securities Principal Examination), which he obtained on February 24, 1992. He is a registered broker and investment adviser with 26 US states and territories: Alabama, Arizona, California, Colorado, Connecticut, the District of Columbia, Florida, Georgia, Illinois, Maine, Maryland, Massachusetts, Michigan, Missouri, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, and Washington. He is registered with four self-regulatory organizations: FINRA, Investors’ Exchange LLC, the Nasdaq Stock Market, and the New York Stock Exchange.

According to his BrokerCheck report, he has received one pending customer complaint.

Published on:

William Molfetto

Public records published by the Financial Industry Regulatory Authority (FINRA) and accessed on January 10, 2018 indicate that Texas-based Wells Fargo Clearing Services broker/adviser William Molfetto has been involved in resolved or pending customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Molfetto (CRD# 1404904).

William Molfetto has spent 31 years in the securities industry and has been registered with Wells Fargo Clearing Services in Houston, Texas since 2009. Previous registrations include UBS Financial Services in Birmingham, Michigan (2006-2009); Wachovia Securities in New York, New York (2003-2006); Prudential Securities in New York, New York in New York, New York (1990-2003); and Merrill Lynch in New York, New York (1985-1990). He has passed five securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on January 27, 1993; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on October 21, 1985; Series 3 (National Commodity Futures Examination), which he obtained on April 25, 1991; Series 7 (General Securities Representative Examination), which he obtained on September 21, 1985; and Series 8 (General Securities Sales Supervisor Examination [Options Module & General Module]), which he obtained on January 28, 1991. He is a registered broker and investment adviser with six US states: Arkansas, Massachusetts, New York, Tennessee, Texas and Utah. He is registered with five self-regulatory organizations (SROs): FINRA, NYSE American LLC, Nasdaq PHLX LLC, the Nasdaq Stock Market, and the New York Stock Exchange.

According to his BrokerCheck report, he has received one customer complaint and one pending customer complaint.

Published on:

Miguel Murillo

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on January 10, 2018 indicate that New York-based broker Miguel Murillo, also known as Michael Murillo, has received resolved or pending customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Murillo (CRD# 4875997).

Miguel Murillo has spent 12 years in the securities industry. His past registrations include Salomon Whitney Financial in Farmingdale, New York (2010-2014); Cape Securities in McDonough, Georgia (2009-2010); Aura Financial Services in Islandia, New York (2007-2009); Westpark Capital in Melville, New York (2007); National Securities Corporation in Huntington, New York (2005-2007); and Aura Financial Services in Birmingham, Alabama (2005). He has passed two securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on September 9, 2005, and Series 7 (General Securities Representative Examination), which he obtained on May 16, 2005. He is a registered broker and investment adviser with 17 US states and territories: Arizona, California, Colorado, Connecticut, Florida, Illinois, Iowa, Kansas, Louisiana, Maryland, Minnesota, New Mexico, New York, Ohio, Puerto Rico, Texas and Virginia.

According to his BrokerCheck report, he has received one customer complaint, one pending customer complaint, and one regulatory sanction.

Published on:

Andrew MallardiPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on January 10, 2018 indicate that New Jersey-based TD Ameritrade broker/adviser Andrew Mallardi is involved in a pending customer dispute. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Mallardi (CRD# 4827218).

Andrew Mallardi has spent 12 years in the securities industry and has been registered with TD Ameritrade in Morristown, New Jersey since 2009. Previous registrations include Oppenheimer & Company in New York, New York (2008-2009); Spencer Trask Ventures in New York, New York (2007-2008); Neuberger Berman LLC in New York, New York (2005-2007); and Brookstreet Securities Corporation in San Juan Capistrano, California. He has passed three securities industry examinations: Series 66 (Uniform Combined State Law Examination), which he obtained on June 8, 2005; Series 7 (General Securities Representative Examination), which he obtained on March 29, 2005; and Series 24 (General Securities Principal Examination), which he obtained on June 21, 2017. He is a registered broker and investment adviser with nine US states and territories: Alaska, Connecticut, Delaware, Florida, Iowa, New Jersey, New York, Pennsylvania and Texas. He is registered with one self-regulatory organization (SRO): FINRA.

According to his BrokerCheck report, he has received one pending customer complaint.

Published on:

Kerry CraigPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on January 10, 2018 indicate that former Texas-based Cetera Investment Services broker/adviser Kerry Craig, who has received resolved or pending customer disputes, was recently terminated from her former employer in connection to alleged rule violations and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Ms. Craig (CRD# 4750237).

Kerry Craig has spent 13 years in the securities industry and was most recently registered with Cetera Investment Services in Tyler, Texas (2007-2017). Previous registrations include Investment Professionals in Athens, Texas (2005-2007) and Primevest Financial Services in St. Cloud, Minnesota (2004-2005). She has passed three securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which she obtained on May 5, 2004; Series 7 (General Securities Representative Examination), which she obtained on June 15, 2009; and Series 6 (Investment Company Products/Variable Contracts Representative Examination), which she obtained on March 31, 2004. She is currently not registered with any state, firm, or self-regulatory organization.

According to her BrokerCheck report, she has received one customer complaint and one pending customer complaint, and was recently discharged from her former employer in connection to alleged misconduct.

Published on:

James JolyPublicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on January 10, 2018 indicate that former Rhode Island-based Voya Financial Advisors broker/adviser James Joly has received resolved or pending customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Joly (CRD# 2193463).

James Joly has spent 26 years in the securities industry and has been registered with Voya Financial Advisors in East Greenwich, Rhode Island since August 2017. Previous registrations include Morgan Stanley in Newport, Rhode Island (2017); LPL Financial in East Greenwich, Rhode Island (1996-2017); and First Investors Corporation in New York, New York (1991-1996). He has passed five securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on October 30, 1996; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on November 25, 1991; Series 7 (General Securities Representative Examination), which he obtained on June 12, 1997; Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on November 14, 1991; and Series 24 (General Securities Principal Examination), which he obtained on October 30, 1997. He is a registered broker with eight US states and territories: California, Connecticut, Indiana, New York, North Carolina, Ohio, Rhode Island and South Carolina.

According to his BrokerCheck report, he has received one customer complaint, one pending customer complaint and one denied customer complaint.