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Chad Vandenbusch (CRD #: 2580669), a broker registered with WinTrust Investments LLC, is facing client allegations regarding misrepresentations, according to his BrokerCheck record, accessed on September 17, 2020. Keep reading for more detail.unsplashbusiness1-300x214

On August 11, 2020, a client alleged that Mr. Vandenbusch misrepresented certain investments, representing them as safer than conventional equities. The client is seeking $220,000; the dispute is pending.

Chad Vandenbush has passed the Series 65 Uniform Investment Adviser Law Examination, Series 63 Uniform Securities Agent State Law Examination, the Securities Industry Essentials Examination, the Series 7 General Securities Representative Examination, and the Series 6 Investment Company Products/ Variable Contracts Representative Examination. He is a registered broker in Alabama, Arizona, California, Colorado, Connecticut, Florida, Georgia, Idaho, Illinois, Louisiana, Massachusetts, Michigan, Minnesota, Mississippi, Nevada, New Jersey, New York, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Texas, Vermont, Virginia, Washington, and Wisconsin. He is a registered investment adviser in Wisconsin.

Gregory O’Brien (CRD #: 3154314), a broker registered with PHX Financial, Incorporated, is facing allegations from clients regarding unsuitable use of margin and poor performance, according to his BrokerCheck record, accessed August 19, 2020. Do you have questions about Gregory O’Brien’s conduct as a broker? Keep reading to learn more.

On June 18, 2020, a client alleged that Gregory O’Brien utilized unsuitable levels of margin. The client is seeking $153,300 in damages; the dispute is pending.

This is not the only disclosure in Gregory O’Brien’s BrokerCheck record.

Christopher Wurtzinger (CRD #: 1921024), a broker registered with American Trust Investment Services and an investment adviser registered with Sorsby Financial Corporation, was recently suspended by the Financial Industry Regulatory Authority (FINRA).  Christopher Wurtzinger is also the subject of a client dispute regarding account churning, unauthorized trading, fraud, and breach of fiduciary duty, according to his BrokerCheck record, accessed August 19, 2020. Do you have questions about Christopher Wurtzinger’s conduct as a broker? Keep reading to learn more.

On June 18, 2020, Christopher Wurtzinger entered into an Acceptance, Waiver, and Consent agreement with FINRA wherein he consented to the findings that he failed to conduct a reasonable analysis into whether he engaged in an outside business activity, or whether it should be treated as an outside securities activity. Christopher Wurtzinger consented to a suspension of four weeks, beginning on July 20, 2020, and ending on August 16, 2020. Christopher Wurtzinger has submitted a sworn financial statement and demonstrated an inability to pay, and in light of his financial status, FINRA has not imposed a monetary sanction. A copy of Christopher Wurtzinger’s AWC can be viewed here.

On August 23, 2017, a client alleged that Christopher Wurtzinger had engaged in churning, unauthorized trading, fraud, and breach of fiduciary duty. The client is seeking $5,001 in damages; the dispute is pending.

Sylvester Knox (CRD #: 1625705), an investment advisor registered with The Knox Group Wealth Management, and a broker formerly registered with FSC Securities Corporation, was suspended by the Financial Industry Regulatory Authority (FINRA), according to his Investment Adviser Public Disclosure, accessed August 19, 2020. This was the latest on a substantial list of regulatory actions and customer disputes involving Sylvester Knox.

On August 6, 2020, Sylvester Knox entered into an Acceptance, Waiver and Consent agreement with FINRA in which he consented to the findings that he effected transactions with a total principal value of approximately $1.7 million in the accounts of customers of his member firm without the customers’ authorization or consent.

  • The findings further state that Sylvester Knox exercised discretionary trading authority and effected transactions with a total principal value of approximately $2 million in the accounts of customers without having obtained prior written authorization from the customers or approval from the firm to treat the accounts as discretionary.

Mark Wojno (CRD#: 5623841), a Registered Investment Adviser (RIA) with Pinnacle Wealth Management, Inc. (CRD#: 166853) in Brighton, Michigan, is currently involved in an investor dispute, according to his Investment Adviser Public Disclosure (IAPD) record accessed on July 29, 2020. What happened to lead to this investor dispute? Read on to learn more. 

Mark Wojno
On June 22, 2020, a client filed an investor complaint against Mark Wojno. The client alleges that the broker recommended unsuitable investments and misrepresented these investments. The client purchased the investments in 2015. The client further alleges that the firm failed to supervise the actions of Mark Wojno and failed to conduct due diligence. Mark Wojno’s colleague, Andrew Perri, is also involved in this dispute. 

Mark Wojno has passed the Series 63 – Uniform Securities Agent State Law Examination, the Series 65 – Uniform Investment Adviser Law Examination, the SIE – Securities Industry Essentials Examination, and the Series 6 – Investment Company Products/Variable Contracts Representative Examination. He is licensed to sell securities in Florida and Michigan. 

Dave Mock (CRD#: 1309680), a registered representative with Trustmont Financial Group, Inc. (CRD#: 18312) and a Registered Investment Adviser (RIA) with Money Management Advisory, Inc. (CRD#: 14983) in Feasterville, Pennsylvania, is currently involved in an investor dispute over suitability, according to his BrokerCheck record accessed on July 28, 2020. What happened to lead to this dispute? Read on to learn more. 

Dave Mock
On June 2, 2020, a client filed an investor complaint against Dave Mock. The client alleges that he recommended unsuitable investment products, committed common law fraud, breached his fiduciary duty, engaged in unjust enrichment, engaged in failure to supervise, and violated the Pennsylvania Unfair Trade Practices and Consumer Protection Law. the activity in question occurred from 2012 to 2017. The client is seeking $375,717 in damages. The matter is pending. Dave Mock’s colleague, Jeff Dillman, is involved in the same dispute. 

Dave Mock has passed the Series 63 – Uniform Securities Agent State Law Examination, the SIE – Securities Industry Essentials Examination, the Series 7 – General Securities Representative Examination, the Series 6 – Investment Company Products/Variable Contracts Representative Examination, the Series 27 – Financial and Operations Principal Examination, and the Series 24 – General Securities Principal Examination. He is a broker and Registered Investment Adviser (RIA) in New Jersey and Pennsylvania. He is licensed to sell securities in California, Georgia, Maryland, North Carolina, and West Virginia. 

Ricardo Urrutia (CRD#: 5719923), a former broker with Mutual of Omaha Investor Services, Inc. (CRD#: 611) in Paramus, New Jersey,  has been suspended by the Financial Industry Regulatory Authority (FINRA) after he failed to comply with an arbitration award, according to his BrokerCheck record accessed on April 21, 2020. 

Ricardo Urrutia
On March 31, 2020, FINRA suspended Ricardo Urrutia after he failed to comply with an arbitration award and did not satisfactorily respond to FINRA’s request for information after the self-regulatory organization looked into his compliance. Ricardo Urrutia lost an arbitration with AXA Advisors LLC and AXA Network LLC, his former employers. In the Statement of Claim, AXA Advisors and AXA Network alleged that Ricardo Urrutia breached his promissory note agreement with the firm. The firms are also seeking the return of unearned commissions from Ricardo Urrutia. The arbitration award mandated that Ricardo Urrutia pay the firms $56,746.34 plus interest and attorneys’ fees. A copy of the arbitration award can be viewed here. Ricardo Urrutia’s suspension will begin on March 31, 2020 and continue indefinitely until he pays the arbitration award.

Ricardo Urrutia has passed the Series 65 – Uniform Investment Adviser Law Examination, the Series 63 – Uniform Securities Agent State Law Examination, the SIE – Securities Industry Essentials Examination, the Series 7 – General Securities Representative Examination, and the Series 6 – Investment Company Products/Variable Contracts Representative Examination. 

Alex James (CRD#: 5630825), a former registered representative with Allstate Financial Services LLC (CRD#: 18272) in West Palm Beach, Florida, is currently being investigated by the Financial Industry Regulatory Authority (FINRA) for potentially undisclosed outside business activities, according to his BrokerCheck record accessed on March 16, 2020. 

Alex James
What happened to lead to this FINRA investigation? On March 6, 2020, FINRA recommended that disciplinary action be brought against Alex James for violating FINRA Rule 3270 and FINRA Rule 2010. FINRA Rule 3270 mandates that brokers receive written approval from their member firms before engaging in any outside business activities. FINRA alleges that Alex James did not do that, instead engaging in private securities activities totaling approximately $667,000. FINRA Rule 2010 mandates that brokers act in a professional manner, and FINRA alleges that Alex James violated Rule 2010 by allegedly providing false information to his firm on annual compliance questionnaires, stating that he reported all outside business activities when that was allegedly not true. 

The Detailed Report of Alex James’s BrokerCheck record lists four outside business activities:

Joe Henehan (CRD#: 1344245), a former broker with Hornor, Townsend & Kent, LLC (CRD#: 4031) in San Bernardino, California, has been permitted to resign from the firm after the company informed him he would be terminated, according to his BrokerCheck record accessed on March 10, 2020.

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What happened to lead to Joe Henehan’s resignation? His firm found that he failed to inform the firm of his tax liens, thereby violating firm policy and securities regulations. The firm told Joe Henehan that he would be terminated, so he resigned.

Indeed, Joe Henehan’s BrokerCheck record lists 11 tax liens, starting in 2009, when he became subject to a tax lien of $29,573. Here are his other listed liens:

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