Articles Posted in Broker Complaints

Stock fraud attorneys at Fitapelli Kurta are interested in hearing complaints from investors regarding Investacorp, Inc.

Investacorp, Inc. is a Ladenburg Thalman Company owned independent broker-dealer firm registered with both the SEC and FINRA. Investacorp, Inc. was incorporated in Florida in 1978 and its main office is located in Miami, Florida. Ladenburg Thalman Company acquired Investacorp, Inc. in October 2007 and has approximately 440 independent financial advisors nationwide.

Investacorp, Inc. has a history of customer complaints and FINRA violations. According to Investacorp, Inc.’s BrokerCheck Report, Investacorp, Inc. has three regulatory events (usually indicating complaints from customers, or FINRA violations) and has been a party to three arbitrations.

The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding New Jersey-based L.O. Thomas & Company broker Anthony Librizzi.
 
Anthony Librizzi has spent twenty-four years in the securities industry and has been registered with L.O. Thomas & Company in Linwood, New Jersey since 2013. Previous registrations include Wells Fargo Advisors in Linwood, New Jersey (2009-2013); Citigroup Global Markets in Egg Harbor Township, New Jersey (1999-2009); and Merrill, Lynch, Pierce, Fenner & Smith in New York, New York (1991-1999). Mr. Librizzi is a registered broker in three US states: New York, New Jersey, and Pennsylvania.
 
According to his BrokerCheck report, Anthony Librizzi is the subject of one regulatory sanction and has been terminated from one FINRA member firm. .
 
In September 2015 Anthony Librizzi was sanctioned by the Financial Industry Regulatory Authority (FINRA) following allegations he took a loan from his customers in violations of the rules of his member firm, Wells Fargo Advisors. According to FINRA’s allegations, Mr. Librizzi borrowed a total of $33,000 from two customers: the first loan, for $25,000, was undocumented, and has an outstanding balance of $20,000; the second loan, for $8,000, was documented on a handwritten note and has since been repaid. As a result of the alleged violation, Anthony Librizzi was suspended by FINRA for thirty days and issued a $5,000 fine.
 
In 2013 Anthony Librizzi was permitted to voluntarily resign from his position at Wells Fargo Advisors following allegations he accepted an $8,000 loan from a client.
 
If you have lost money investing with Anthony Librizzi or Wells Fargo Advisors, 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. All cases are taken on contingency: we only receive payment if and when you recover money. You might have a limited time to file your claim, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.

The stock fraud attorneys at Fitapelli Kurta are interested in speaking to investors regarding complaints against Sunset Financial Services, Inc. (CRD# 3538)

Sunset Financial Services, Inc. is a broker-dealer firm registered with both the SEC and FINRA. Sunset Financial Services, Inc. was formed in Washington in 1964. Their main office is located at 3520 Broadway, Kansas City, MO 64111. Sunset Financial Services, Inc. has around 269 brokers in 48 states, and D.C. It raises approximately $18 million in annual gross revenue and $2.4 billion in client assets. In July 2014 it was announced that Securities America, a subsidiary of Ladenburg Thalmann, would acquire Sunset Financial Services, Inc.

Sunset Financial Services, Inc. has a history of customer complaints, according to its BrokerCheck Report. For example, in July 2013, Sunset Financial Services, Inc. was fined $20,000 stemming from unsuitable nontraditional ETF’s. Specifically, Sunset Financial Services, Inc. failed to conduct due diligence and permitted its brokers to sell and recommend nontraditional ETF’s before fully understanding the inherent complexity and risks associated with these ETFs. Nontraditional ETFs are typically no suitable for retail investors, due to their notable risk factors and complex characteristics. Sunset Financial Services, Inc. placed no restrictions on its customer’s ability to trade nontraditional ETFs in their account and failed to place any kind of restrictions or exception reports to monitor either the length +of time that customer held open positions in nontraditional ETFs or losses occurring as a result of those positions.

The securities and investment fraud law firm Fitapelli Kurta is investigating allegations of misconduct against Illinois-based brokerage and advisory firm World Equity Group (CRD# 29087).

Formed in Illinois in 1991, World Equity Group is headquartered in Arlington Hills, Illinois and registered with 53 US states and territories. Richard Babjak, Jr. is President; Stephen Dudas is Financial Operations Principal; Barry Link is Owner; Mary Lishcynsky is Chief Operating Officer; Robert Walter is Vice President; Jeffrey Weglarz is Chief Compliance Officer.

According to the firm’s BrokerCheck report, World Equity Group is the subject of seven regulatory sanctions.

The securities and investment fraud law firm is interested in speaking to investors who have complaints regarding their securities accounts with Founders Financial Securities, LLC.

Founders Financial Securities, LLC is an independent broker-dealer firm based out of Towson, Maryland. Founders Financial Securities, LLC is registered with both the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).  Founders Financial Securities, LLC has offices in 51 U.S. states and territories. Founders Financial Securities, LLC was organized under the laws of Maryland in 2004. Founders Financial Securities, LLC has over 107 registered representatives nationwide

If you or someone you know has lost money investing with Founders Financial Securities, LLC you may be entitled to recover your losses. Our firm sues broker-dealer firms on behalf of investors who have fallen victim to broker misconduct. All cases submit to arbitration before FINRA. Fitapelli Kurta has recovered millions on behalf of investors nationwide and will work diligently to recover your money.

Fitapelli Kurta is interested in speaking to investors who have lost money investing with WRP Investments, a subsidiary of Sterne Agee Financial Services.

WRP Investments is a broker-dealer financial firm based in Youngstown Ohio. WRP Investments has over 350 independent advisors, primarily located in the U.S. Midwest. WRP Investments was formed in 1976 in Ohio and it is currently registered with both the SEC and FINRA. Sterne Agee Financial Services acquired WRP Investments in April 2014.

WRP Investments has a history of FINRA violations and investor complaints. The following are notable FINRA violations or complaints filed against either WRP Investments or its brokers:

Cetera Financial SpecialistsThe securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding the Illinois-based brokerage firm Cetera Financial Specialists LLC (CRD# 10358).

Cetera Financial Specialists is registered in fifty-three US states and territories, though it is headquartered in Schaumburg, Illinois. The brokerage was formed as a limited liability company in 2012; Enrique Martin Vasquez serves as Manager and Chief Executive Officer, while Gregg Alan Ruvoli serves as President. According to its BrokerCheck report, Cetera Financial Specialists is the subject of four customer complaints and five regulatory actions.

In 2014 the Financial Industry Regulatory Authority sanctioned Cetera Financial Specialists following allegations the firm failed to maintain adequate supervisory measures that would have detected and prevented unsuitable excessive trading and churning in customer accounts. Cetera was censured and issued a penalty of $75,000.

The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding the Wisconsin-based brokerage and advisory firm KCD Financial, Incorporated (CRD# 127473).

Formed in Wisconsin in 2003, KCD Financial is headquartered in De Pere, Wisconsin and registered in forty-four US states and territories. Joel Reid Blumenschein is President; Lori Lea Rastall is Chief Compliance Officer; David Scott Wilson is Assistant Compliance Officer.

According to the firm’s BrokerCheck report, KCD Financial is the subject of three regulatory sanctions.

The securities and investment fraud attorneys at Fitapelli Kurta are interested in hearing complaints from investors who have lost money investing through Raymond James & Associates.

Raymond James & Associates is a registered broker-dealer firm, authorized to practice in 52 U.S. states and territories. Raymond James & Associates was incorporated in Florida in 1969 and its main office is located in St. Petersburg, Florida. Raymond James & Associates is registered with both the SEC and FINRA.

Raymond James & Associates has a plethora of complaints and FINRA violations on its BrokerCheck Report. In fact, Raymond James & Associates has received 105 regulatory events and has been a party to 67 arbitrations. The following are some notable complaints and fines Raymond James & Associates has received in the recent past:

The securities and investment fraud law firm, Fitapelli Kurta, is interested in speaking to investors who have complaints regarding OpGen, Inc. (OPGN) offered by Maxim Group, LLC

OpGen, Inc. (OPGN) is a biotechnology company traded on the NASDAQ stock exchange. “OpGen focuses on giving healthcare providers tools to combat life-threatening, antibiotic-resistant infections using molecular diagnostics and bioinformatics technologies.”

Maxim Group, LLC is a New York based independent broker-dealer firm registered with the SEC and FINRA. Maxim Group, LLC has offices in 53 U.S. states and territories. Maxim Group, LLC has 15 regulatory events disclosed on its BrokerCheck Report.