Articles Posted in Regulatory Sanction

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Pete KlaasPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on June 20, 2017 indicate that Nevada-based Cetera Advisor Networks broker/adviser Pete Klaas has been named in a pending regulatory complaint. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Klaas (CRD# 2381681).

Pete Klaas has spent 23 years in the securities industry and has been registered with Cetera Advisor Networks in Las Vegas, Nevada since April 2017. Previous registrations include Allegis Investment Services in South Jordan, Utah; Signator Financial Services in Idaho Falls, Idaho; LPL Financial in Idaho Falls, Idaho; Financial Network Investment Corporation in Idaho Falls, Idaho; Edward Jones in St. Louis, Missouri; Cuna Brokerage Services in Waverly, Iowa; WMA Securities in Duluth, Georgia; and Fidelity Brokerage Services in Smithfield, Rhode Island. He has passed four securities industry examinations: 65 (Uniform Investment Adviser Law Examination); Series 63 (Uniform Securities Agent State Law Examination); Series 7 (General Securities Representative Examination); and Series 24 (General Securities Principal Examination). He is a registered broker and investment adviser with Idaho and Nevada.

According to his BrokerCheck report, he has received three customer complaints, three pending customer complaints and one pending regulatory complaint.

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Heath BowenPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on July 20, 2017 indicate that Idaho-based Allegis Investment Services broker/adviser Heath Bowen has been named in a pending regulatory complaint. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Bowen (CRD# 4824684).

Heath Bowen has spent 12 years in the securities industry and has been registered with Allegis Investment Services in Idaho Falls, Idaho since 2014. Previous registrations include Signator Financial Services in Idaho Falls, Idaho; LPL Financial in Idaho Falls, Idaho; Beneficial Investment Services in Salt Lake City, Utah; and Equity Services in Idaho Falls, Idaho. He has passed five securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination); Series 63 (Uniform Securities Agent State Law Examination); Series 7 (General Securities Representative Examination); Series 6 (Investment Company Products/Variable Contracts Representative Examination); and Series 24 (General Securities Principal Examination). He is a registered broker and investment adviser with eleven US states.

According to his BrokerCheck report, he has received one pending regulatory complaint and three pending customer complaints.

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Dominick & DickermanPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on June 19, 2017 indicate that New York-based brokerage firm Dominick & Dickerman, also known as Dominick & Dominick, was recently sanctioned by FINRA in connection to alleged rule violations. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Dominick & Dickerman (CRD# 7344).

Established in New York in 1998, Dominick & Dickerman is headquartered in New York, New York and registered with 49 US states and territories. Robert Hladek is Chief Executive officer, Senior Vice President, and Chief Compliance Officer; the firm is owned by DM Trust, whose trustee is Derby West LLC. The firm is registered with FINRA and the Securities and Exchange Commission.

According to the firm’s BrokerCheck report report, it was recently sanctioned by FINRA.

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IBN Financial Services Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on June 19, 2017 indicate that New York-based brokerage and advisory firm IBN Financial Services was recently sanctioned by FINRA in connection to alleged rule violations. Fitapelli Kurta is interested in hearing from investors who have complaints regarding IBN Financial Services (CRD# 42360).

Established in New York in 1995, IBN Financial Services is headquartered in Liverpool, New York and registered with 41 US states and territories. Richard Carleso Jr. is Chief Executive Officer and Chief Financial Officer; Christopher Avery is President; Timothy Evans is Chief Compliance Officer. The firm is registered with the Securities and Exchange Commission and FINRA.

According to the firm’s BrokerCheck report, IBN Financial Services has received three regulatory sanctions.

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Trump SecuritiesPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on June 19, 2017 indicate that New York-based brokerage firm Trump Securities was recently sanctioned by FINRA in connection to alleged rule violations. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Trump Securities (CRD# 47107).

Established in Delaware in 1998, Trump Securities is headquartered in New York, New York and registered with 50 US states and territories. Fredric Obsbaum is Chief Compliance Officer; Shelley Stupay is a Member; Michael Stupay is a Member; Shelley Spindel is a Member; and Howard Spindel is a Member. The firm is registered with FINRA and the Securities and Exchange Commission.

According to the firm’s BrokerCheck report, it was recently sanctioned by FINRA.

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FSC Securities Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on June 16, 2017 indicate that Georgia-based brokerage and investment adviser firm FSC Securities has been sanctioned by FINRA in connection to alleged rule violations. Fitapelli Kurta is interested in hearing from investors who have complaints regarding FSC Securities (CRD# 7461).

Established in Delaware in 1977, FSC Securities Corporation is headquartered in Atlanta, Georgia and registered with 52 US states and territories. John Dillon is Vice President and Chief Financial Officer; Robert Guldner is Chief Compliance Officer, Investment Advisory; Jerome Murphy is Chief Executive Officer and President; Thomas Sidlo is Municipal Principal; Noah Sorkin is Executive Vice President, General Counsel, and Secretary; James Price is Chairman; Cynthia Hamel is Chief Operations Officer; David Schmidt is Treasurer and Financial Operations Principal. The firm is registered with the Securities and Exchange Commission and FINRA.

According to the firm’s BrokerCheck report, FSC Securities was recently sanctioned by FINRA.

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Merrill LynchPublicly available records published by the Financial Industry Regulatory Authority (FINRA) on June 16, 2017 indicate that New York-based broker-dealer Merrill Lynch was recently sanctioned in connection to alleged rule violations. Fitapalli Kurta is interested in speaking to investors who have complaints regarding Merrill Lynch (CRD# 7691).

Founded in Delaware in 1958, Merrill Lynch is headquartered in New York, New York and registered with 53 US states and territories. Thomas Montag is Chairman of the Board and Chief Executive Officer; Joseph Guardino is Chief Operations Officer and Financial and Operations Principal; Lizbeth Applebaum is Chief Financial Officer; William Caccamise is Chief Legal Officer and General Counsel; Gloria Greco is Co-Chief Compliance Officer. The firm is registered with the Securities and Exchange Commission, FINRA and 20 other self regulatory organizations

According to the firm’s BrokerCheck report, Merrill Lynch was recently sanctioned by FINRA.

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Sylvia PerezPublicly available records published by the Financial Industry Regulatory Authority (FINRA) on June 12, 2017 indicate that Louisiana-based JW Cole Financial broker Sylvia Perez has received resolved or pending customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Ms. Perez (CRD# 1558521).

Sylvia Perez has spent 30 years in the securities industry and has been registered with JW Cole Financial in Lafayette, Louisiana since 2014. Previous registrations include Dalton Strategic Investment Services in Lafayette, Louisiana; First Midwest Securities in Lafayette, Louisiana; American Investment Services in Oklahoma City, Oklahoma; Locust Street Securities in Des Moines, Iowa; MetLife Securities in Springfield, Massachusetts; and Metropolitan Life Insurance Company in New York, New York. She is a registered broker with three US states: Louisiana, Mississippi, and Texas.

According to her BrokerCheck report, she has received one customer complaint, one pending customer complaint and one regulatory sanction.

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James Cox Publicly available records provided by the Financial Industry Regulatory Authority on June 12, 2017 indicate that former Louisiana-based Stifel Nicolaus broker/adviser James Cox has been sanctioned by FINRA and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Cox (CRD# 2365633).

James Cox has spent 23 years in the securities industry and was most recently registered with Stifel Nicolaus & Company in Baton Rouge and New Orleans, Louisiana since July 2015. Previous registrations include Sterne Agee & Leach in Baton Rouge, Louisiana; Stanford Group Company in Baton Rouge, Louisiana; Securities America in Baton Rouge, Louisiana; and FSC Securities Corporation in Atlanta, Georgia. He is currently not registered with any state or firm.

According to his BrokerCheck report, he has received one FINRA sanction, two customer complaints and two pending customer complaints.

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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.