Articles Posted in AWCs

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 Summit EquitiesPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on June 9, 2017 indicate that New Jersey-based brokerage and advisory firm Summit Equities was recently sanctioned by FINRA in connection to alleged rule violations. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Summit Equities (CRD# 11039).

Established in New Jersey in 1982, Summit Equities is headquartered in Parsippany, New Jersey and registered with 48 US states and territories. Steven Weinman is Chairman of the Board, Chief Executive Officer and Co-Chief Investment Officer; Michael Bremer is Chief Operations Officer; Stanley Gregor is President; Robert Lamberti is Co-Chief Investment Officer; Miriam Lefkowitz is Chief Legal Officer; Robert Slomin is Chief Compliance Officer; Mara Stempler is Chief Financial Officer. The firm is registered with the Securities and Exchange Commission and FINRA.

According to the firm’s BrokerCheck report, Summit Equities was recently sanctioned by FINRA in connection to alleged rule violations.

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Jeffrey SmithPublic records published by the Financial Industry Regulatory Authority (FINRA) on September 9, 2016 indicate that former California-based Accelerated Capital Group broker Jeffrey Smith is the subject of a pending FINRA investigation. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Smith (CRD# 2400590).

Jeffrey Smith has spent 22 years in the securities industry and was most recently registered with Accelerated Capital Group in Irvine, California (2010-2016). Previous registrations include Longview Financial Group in Costa Mesa, California; Western Growers Financial Services in Irvine, California; Citigroup Global Markets in New York, New York; and Prudential Securities in New York, New York. He is currently not registered with any state or firm. Continue reading →

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Hank WernerPublic records provided by the Financial Industry Regulatory Authority (FINRA) on September 7, 2016 indicate that former New York-based Legend Securities broker Hank Werner has been named in a pending FINRA complaint. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Werner (CRD# 1615495).

Hank Werner has spent 29 years in the securities industry and was most recently registered with Legend Securities in New York, New York (2012-2016). Previous registrations include Liberty Partners Financial Services in New York, New York; Liberty Partners Financial Services in Bakersfield, California; Brookstone Securities, which has since been expelled by FINRA, in Northport, New York; Alexander Capital in New York, New York; Empire Financial Group, which has since been expelled by FINRA, in Northport, New York; First Montauk Securities in Red Bank, New Jersey; American Investment Services, which has since been expelled by FINRA, in Oklahoma City, Oklahoma; Robert Thomas Securities in St. Petersburg, Florida; Prudential Securities in New York, New York; Smith Barney Harris Upham in New York, New York; and Shearson Lehman Hutton. He is currently not registered with any state or firm. Continue reading →

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Daniel MillerPublic records published by the Financial Industry Regulatory Authority (FINRA) on June 28, 2016 indicate that former California-based Growth Capital Services broker Daniel Miller has been sanctioned by FINRA. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Miller (CRD# 5551362).

Daniel Miller has spent one year in the securities industry and was most recently registered with Growth Capital Services in San Francisco, California (2013-2014). He has no previous registrations and is currently not registered with any state or firm. Continue reading →

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Next FinancialAccording to records provided by the Financial Industry Regulatory Authority (FINRA), Texas-based brokerage and advisory firm Next Financial has submitted a letter of Acceptance, Waiver and Consent (AWC Letter) to settle allegations of misconduct. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Next Financial (CRD# 46214).

Formed in Virginia in 1998, Next Financial is headquartered in Houston, Texas and registered with 53 US states and territories. Barry Knight is President and Chief Executive Officer; Leslie Jallans is Chief Compliance Officer; Philip Smith is Chief Financial Officer and Financial Operations Principal; Christopher Mueller is Senior Vice President and Chief Operations Officer. Continue reading →

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shutterstock_163376417The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Connecticut-based Investment Center broker/adviser Leon Vaccarelli (CRD# 3227636).

Leon Vaccarelli has spent sixteen years in the securities industry and has been registered with the Investment Center in Waterbury, Connecticut since 2011. Previous registrations include QA3 Investment Corporation in Waterbury, Connecticut (2007-2011); Ameriprise Financial Services in Middlebury, Connecticut (1999-2007); and IDS Life Insurance Company in Minneapolis, Minnesota (1999-2006). He is a registered broker and investment adviser in seven US states: Connecticut, Florida, Massachusetts, New Hampshire, New York, North Carolina, and South Carolina. Continue reading →

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According to records provided by the Financial Industry Regulatory Authority (FINRA), Minnesota-based brokerage and advisory firm Woodbury Financial Services has signed a letter of Acceptance, Waiver, and Consent (AWC letter) alleging violations of misconduct. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Woodbury Financial Services (CRD# 421).

FINRA’s allegations (AWC No. 2014041842001) state that Woodbury Financial Services “failed to apply sales charge discounts to certain customers’ eligible purchase of unit investment trusts (UITs). The firm additionally allegedly failed to establish and enforce supervisory procedures to ensure that customers receive relevant discounts. Continue reading →

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According to records provided by the Financial Industry Regulatory Authority, Maryland-based brokerage and advisory firm H. Beck has signed a letter of Acceptance, Waiver, and Consent (AWC letter) in connection to allegations it failed to enforce written supervisory procedures. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding H. Beck (CRD# 1763).

Formed in 1984, H. Beck is headquartered in Bethesda, Maryland and registered in 52 US states and territories. James Dresselaers is President; Scott Thorson is Executive Vice President and Chief Operating Officer; Benjamin Cooper is Senior Vice President and Chief Legal Officer; Raymond Hessling is Chief Compliance Officer. H. Beck is a subsidiary of the Securian Financial Group. Continue reading →