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Thomas NorthPublic records published by the Financial Industry Regulatory Authority (FINRA) and accessed on September 26, 2018 indicate that California-based Wells Fargo Clearing Services broker/adviser Thomas North has received a pending customer dispute. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. North (CRD# 723949).

Thomas North has spent 37 years in the securities industry and has been registered with Wells Fargo Clearing Services in Carmel, California since 2012. Previous registrations include Merrill Lynch in Carmel, California (2005-2012) and Morgan Stanley DW in Purchase, New York (1980-2005). He has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on December 8, 1992; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on November 8, 1980; Series 5 (Interest Rate Options Examination), which he obtained on April 30, 1982; and Series 7 (General Securities Representative Examination), which he obtained on October 18, 1980. He is a registered broker and investment adviser with 15 US states and territories: Arizona, Arkansas, California, Colorado, Hawaii, Maryland, Massachusetts, Montana, Nevada, New York, Oklahoma, Oregon, Pennsylvania, Texas, and Virginia. He is registered with five self-regulatory organizations (SROs): FINRA, NYSE American LLC, Nasdaq PHLX LLC, the Nasdaq Stock Market, and the New York Stock Exchange.

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

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William Riley

Public records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on September 25, 2018 indicate that a current Riley Wealth Advisor and former Texas-based Silver Oak Securities broker/adviser William Riley, who has received resolved or pending customer disputes, recently resigned from his former employer in connection to alleged rule violations and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Riley (CRD# 1493287).

William Riley has spent 32 years in the securities industry and was most recently registered as a broker with Silver Oak Securities in Fort Worth, Texas (2008-2018); he is currently registered as an investment adviser with Riley Wealth Advisors in Fort Worth, Texas, where he has been registered since 2008. Previous registrations include Raymond James & Associates in Fort Worth, Texas (2002-2008); UBS Painewebber in Weehawken, New Jersey (2000-2002); JC Bradford & Company in New York, New York (1998-2000); Merrill Lynch in New York, New York (1993-1998); Jefferson-Pilot Investor Services in Fort Wayne, Indiana (1991-1993); Amev Investors in Oakdale, Minnesota (1990-1991); USLife Equity Sales Corporation in New York, New York (1986-1990); and Philadelphia Life Asset Planning Company (1986). He has passed six securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on July 9, 1986; Series 3 (National Commodity Futures Examination), which he obtained on August 31, 2001; Series 7 (General Securities Representative Examination), which he obtained on June 8, 1993; Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on May 13, 1986; Series 24 (General Securities Principal Examination), which he obtained on January 6, 2003; and Series 8 (General Securities Sales Supervisor Examination [Options Module & General Module]), which he obtained on November 26, 1996. He is currently not registered as a broker with any state or firm.

According to his BrokerCheck report, he has received three customer complaints and one pending customer complaint; he also recently resigned from a former employer in connection to alleged rule violations.

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Robert AbramowitzPublic records published by the Financial Industry Regulatory Authority (FINRA) and accessed on September 25, 2018 indicate that New York-based National Securities Corporation broker/adviser Robert Abramowitz has received resolved or pending customer complaints. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Abramowitz (CRD# 4437589).

Robert Abramowitz has spent 16 years in the securities industry and has been registered with National Securities Corporation in Melville, New York since September 2017. Previous registrations include Oppenheimer & Company in Jericho, New York (2016-2017); Raymond James Financial Services in Garden City, New York (2011-2016); Wells Fargo Advisors in Great Neck, New York (2005-2011); and David Lerner Associates in Syosset, New York (2001-2005). He has passed three securities industry examinations: Series 66 (Uniform Combined State Law Examination), which he obtained on December 15, 2016; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on November 5, 2001; and Series 7 (General Securities Representative Examination), which he obtained on October 19, 2001. He is a registered broker and investment adviser with seven US states: California, Florida, New Jersey, New York, Tennessee, Texas, and Virginia. He is registered with two self-regulatory organizations (SROs): FINRA and the Nasdaq Stock Market.

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

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John Cione

Publicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on September 25, 2018 indicate that California-based Independent Financial Group broker/adviser John Cione has received a pending customer dispute. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Cione (CRD# 1742561).

John Cione has spent 31 years in the securities industry and has been registered with Independent Financial Group in San Diego, California since 2003. Previous registrations include Sentra Securities Corporation in Phoenix, Arizona (1994-2003); Spelman & Company in Phoenix, Arizona (1995-1997); Foresters Equity Services in San Diego, California (1990-1995); LAM Wagner in La Jolla, California (1993-1994); Aimco Securities Company (1987-1992); and Yaeger Securities (1987-1992). He has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on April 22, 2002; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on December 18, 1987; Series 7 (General Securities Representative Examination), which he obtained on September 19, 1987; Series 24 (General Securities Principal Examination), which he obtained on April 27, 1998; and Series 27 (Financial and Operations Principal Examination), which he obtained on August 5, 1988. He is a registered broker and investment adviser with ten US states: Arizona, California, Connecticut, Massachusetts, Montana, New Jersey, New York, North Carolina, Texas, and Washington.

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

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Gregory CoffingPublic records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on September 25, 2018 indicate that Ohio-based Edward Jones broker/adviser Gregory Coffing has received a pending customer dispute. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Coffing (CRD# 3260352).

Gregory Coffing has spent 19 years in the securities industry and has been registered with Edward Jones in Mt. Vernon, Ohio since 1999. He has no previous registrations. He has passed two securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on September 9, 1999, and Series 7 (General Securities Representative Examination), which he obtained on September 7, 1999. He is a registered broker and investment adviser with 26 US states and territories: Alabama, Arizona, California, Colorado, Florida, Georgia, Hawaii, Illinois, Kentucky, Maryland, Michigan, Minnesota, Nevada, New Hampshire, New York, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Washington, and West Virginia. He is registered with four self-regulatory organizations (SROs): FINRA, NYSE American LLC, the Nasdaq Stock Market, and the New York Stock Exchange.

According to his BrokerCheck report, he has received one pending customer complaint and one customer complaint that was denied.

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George NikolakakosPublicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on September 25, 2018 indicate that former Nebraska-based TD Ameritrade broker/adviser George Nikolakakos has received a pending customer dispute and is currently not affiliated with any state or firm. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Nikolakakos (CRD# 2907561).

George Nikolakakos has spent 20 years in the securities industry and was most recently registered with TD Ameritrade in Omaha, Nebraska (2018). Previous registrations include Scottrade in Stamford, Connecticut (2017-2018); Four Points Capital Partners in New York, New York (2011-2017); Wedbush Securities in Tarrytown, New York (2007-2011); Brookstreet Securities in White Plains, New York (2001-2007); Emerson Bennett & Associates in Fort Lauderdale, Florida (2000-2001); First Securities in Irvine, California (2001); SG Martin Securities in Jericho, New York (1999-2000); Fin-Atlantic Securities in Jupiter, Florida (1998-1999); and VTR Capital in New York, New York (1998). He has passed four securities industry examinations: Series 66 (Uniform Combined State Law Examination), which he obtained on February 11, 2013; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on December 19, 1997; Series 7 (General Securities Representative Examination), which he obtained on December 12, 1997; and Series 24 (General Securities Principal Examination), which he obtained on December 10, 2001. He is currently not registered with any state or firm.

According to his BrokerCheck report, he has received one pending customer complaint and two customer complaints that were closed or denied, and he resigned from a former employer in connection to alleged rule violations.

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Jay WeiserPublic records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on September 25, 2018 indicate that former Illinois-based DesPain Financial Corporation broker/adviser Jay Weiser was recently terminated from his former employer in connection to alleged rule violations and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Weiser (CRD# 1511042).

Jay Weiser has spent 31 years in the securities industry and was most recently registered with DesPain Financial Services in Collinsville, Illinois (2000-2018). Previous registrations include American Express Financial Advisors in Minneapolis, Minnesota (2000); IDS Life Insurance Company in Minneapolis, Minnesota (2000); and Pruco Securities Corporation in Newark, New Jersey (1986-1999). He has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on February 22, 2000; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on February 27, 1992; Series 7 (General Securities Representative Examination), which he obtained on February 11, 2000; and Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on June 12, 1986. He is currently not registered with any state or firm.

According to his BrokerCheck report, he was discharged from his former employer in connection to alleged rule violations and has received one customer complaint.

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Crypto Asset Management LP

Publicly available records published by the Securities and Exchange Commission (SEC) on September 11, 2018 indicate that the SEC has filed an enforcement action against California-based hedge fund manager Crypto Asset Management LP in connection to its holdings in digital assets. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Crypto Asset Management.

According to a press release, the SEC stated in an order that Crypto Asset Management “offered a fund that operated as an unregistered investment company while falsely marketing it as the ‘first regulated crypto asset fund in the United States.'” Per that order, Crypto Asset Management, as well as its principal Timothy Enneking, completed a raise of more than $3.6 million in 2017 while making false claims that the fund was under SEC regulation and that Crypto Asset Management had filed a registration statement with the SEC. However, according to the SEC, Crypto Asset Management participated in an unregistered public offering (which was not subject to any exemptions from registration) and invested “more than 40% of the fund’s assets in digital asset securities,” ultimately resulting in the fund’s operation “as an unregistered investment company.” Crypto Asset Management ended its public offering upon contact by the SEC about these matters and “offered buy backs to affected investors.”

More specifically, the fund in question was called Crypto Asset Fund, LLC, which had a net asset value of about $37 million as of December 31, 2017, according to the SEC’s order. Crypto Asset Fund was Mr. Enneking’s first fund based in the United States, and it raised more than $3.6 million from 44 investors  between August 1, 2017 and December 1, 2017, according to the SEC, which states that most were individual investors. Crypto Asset Management allegedly “engaged in a general solicitation of public interest” in the public offering via its website, social media, and media interviews, and it “did not file or cause to be filed a registration statement with the Commission,” according to the SEC’s order. In connection with these and other activities, the SEC found that Crypto Asset Management engaged in willful violations of the Securities Act, the Investment Company Act, and the Advisers Act.

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Timothy AyrePublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on September 11, 2018 indicate that FINRA has charged Timothy Ayre with securities fraud and “the unlawful distribution of an unregistered cryptocurrency security” known as HempCoin. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Ayre and/or investments in HempCoin.

Timothy Ayre has spent 25 years in the securities industry and was most recently registered as a broker with Four Points Capital Partners in New York, New York (2016). Previous registrations include Spencer Edwards in Agawam, Massachusetts (2016); Jera Securities in Agawam, Massachusetts (1999-2013); Northeast Securities in Mitchelfield, New York (1997-1999); AG Edwards & Sons in St. Louis, Missouri (1994-1997); and Merrill Lynch in New York, New York (1990-1994). He is currently not registered with any state or firm. According to his BrokerCheck report, Timothy he has received three regulatory sanctions and was discharged from a former employer in connection to alleged rule violations.

In 2016 he was terminated from MML Investors Services in connection to allegations he failed to disclose outside business activities, failed to disclose his participation in private securities transactions, and potentially misrepresented material facts regarding “a statement concerning securitization of assets” by a public company in which he served as president.

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September

Public records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on September 20, 2018 list more than one dozen brokers and/or investment advisers as subject to FINRA suspension in that month. Below are the representatives included on that list, who have signed letters of Acceptance, Waiver and Consent (AWC Letters) agreeing to these enforcement actions without admitting to or denying the allegations contained in FINRA’s sanctions. Certain suspensions listed below may have been lifted prior to or following the publication of this report. Additionally, the fines listed may not encompass the total financial penalties assessed on the representatives sanctioned, who may also have been ordered to pay disgorgement or other payments. More information about these actions is available on FINRA’s disciplinary action homepage.

Name Current/Former Employers Fine Paid Length
Jeffrey Robert Conklin The Huntington Investment Company $5,000 6 months
Junying Yan Deutsche Bank Securities $5,000 15 days
Daniel P. Capeless FBR Capital Markets $5,000 6 months
Steven William Kraut Independent Financial Group $5,000 2 months
Matthew Alan Morris SunTrust Investment Services $5,000 3 months
Damani A. Barham Morgan Stanley $5,000 3 months
Daniel B. Irving Vestech Securities $5,000 1 month
Christopher Matthew Parr KCD Financial n/a 2 years
Marvin Joseph Sneider Cantella & Company $2,500 45 days
Francisco Jose Faraco Morgan Stanley $5,000 3 months
Robert Rushby Humberston Ameriprise Financial Services $5,000 3 months
Kenny Danny Mezher Growth Capital Services $5,000 2 months
Frederick Michael Miller InvestShares $5,000 5 months
Jon Lewis Sugick NYLife Securities $5,000 2 months
Cheryl A. George RBC Capital Markets $5,000 20 days
Eric Steven Korhut Vanderbilt Securities $5,000 1 month