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Broker Complaints: Sunstreet Securities (CRD# 143211)

The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding California-based brokerage and advisory firm Sunstreet Securities (CRD# 143211).

Formed in Arizona in 2006, Sunstreet Securities is headquartered in Avondale, Arizona and registered with 31 US states and territories. Munib Said Haddad is Chief Executive Officer, Chief Financial Officer, Chief Compliance Officer, Financial Operations Principal, and Managing Member.

According to the firm’s BrokerCheck report, Sunstreet Securities is not the subject of any customer complaints or regulatory sanctions. However, Financial Industry Regulatory Authority (FINRA) records indicate that a number of its current and former employees are the subject of such.

Dennis Weddle (CRD# 2671849), a broker and investment adviser who has been registered with Sunstreet Securities since 2007, is the subject of five customer complaints and two regulatory sanctions.

In 2009 a customer alleged Dennis Weddle, while employed at American Express Financial Advisors, failed to disclose that certain variable annuities were proprietary products that could not be moved to another company without surrender charges. The complaint settled in 2009 for more than $5,500.

In 2006 a customer alleged Dennis Weddle, while employed at American Express Financial Advisors, recommended an unsuitable variable annuity. The complaint settled in 2007 for $7,727.

In 2006 the National Association of Securities Dealers (NASD) sanctioned Dennis Weddle following allegations he affixed customer signatures to financial documents. Mr. Weddle was issued a 60-day suspension and a fine of $7,500.

In 2005 a customer alleged Dennis Weddle, while employed at American Express Financial Advisors, committed forgery. The complaint settled for more than $1,900.

Jonathan Ghermezian (CRD# 3217297), a former broker who was registered with Sunstreet Securities from 2014-2015, is the subject of one pending customer complaint and one pending FINRA investigation.

In 2015 a customer alleged Jonathan Ghermezian, while employed at Sunstreet Securities, engaged in unauthorized trading and account churning, and failed to communicate. The customer is seeking $35,000 in damages in the pending complaint.

In 2015 Jonathan Ghermezian was named respondent in a FINRA investigation into allegations he effected unauthorized trades and churned an account. The investigation remains pending.

If you have lost money investing with Sunstreet Securities, you may be able to recover your losses. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. Fitapelli Kurta accepts all cases on contingency: we only receive payment if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.