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Richard Coleman Suspended and Fined by FINRA

Richard ColemanPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on August 8, 2016 indicate that New York-based Salomon Whitney Financial broker Richard Coleman has been the subject of customer complaints and regulatory sanctions. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Coleman (CRD# 2720422).

Richard Coleman has spent 19 years in the securities industry and has been registered with Salomon Whitney Financial in Farmingdale, New York since February 2016. Previous registrations include Legend Securities in Miller Place, New York; Tryco Securities in Melville, New York; Brookville Capital Partners, which has since been expelled by FINRA, in Melville, New York; John Thomas Financial, which has since been expelled by FINRA, in New York, New York; Woodstock Financial Group in Farmingdale, New York; Rockwell Global Capital in Port Jefferson, New York; Aura Financial Services in East Setauket, New York; A&F Financial Services in Mount Dora, Florida; New Castle Financial Services, which has since been expelled by FINRA, in Melville, New York; Benson York Group in Melville, New York; LH Ross & Company in Boca Raton, Florida; Granite Associates in Del Ray Beach, Florida; Continental Broker-Dealer, which has since been expelled by FINRA, in Carle Place, New York; Whitehall Wellington Investments in Port Washington, New York; and Gaines Berland in Bethpage, New York. He is a registered broker with 16 US states and territories: California, Connecticut, the District of Columbia, Georgia, Iowa, Louisiana, Minnesota, Nebraska, New York, North Carolina, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Texas, and Wyoming.

According to his BrokerCheck report, Richard Coleman has received seven customer complaints and two regulatory sanctions.

In 2012, FINRA sanctioned Richard Coleman following allegations he participated in excessive and unsuitable trading. He was issued a 3-month suspension and a fine of $15,000.

In 2011, a customer alleged Richard Coleman, while employed at Rockwell Global Capital, made unsuitable recommendations. The complaint settled for $210,000, to which Mr. Coleman individually contributed $210,000.

In 2008, a customer alleged Richard Coleman, while employed at A&F Financial Securities, recommended unsuitable investments and made excessive trades. The complaint settled in 2009 for $12,000, to which Mr. Coleman individually contributed $25,000.

In 2007, a customer alleged Richard Coleman, while employed at New Castle Financial Services, recommended investments that performed poorly. The complaint settled for $100,000, to which Mr. Coleman individually contributed $50,000.

In 2005, a customer alleged Richard Coleman, while employed at Benson York Group, provided poor management. The complaint settled for $2,500, to which Mr. Coleman individually contributed $2,500.

In 2003, a customer alleged Richard Coleman, while employed at Continental Broker-Dealer, failed to follow instructions. The complaint settled for $2,500.

If you have complaints regarding energy investments made with Richard Coleman, you may be able to recover lost funds. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on contingency: Fitapelli Kurta only gets paid if and when you recover money. You may have a limited window to file your claim, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.