Public records published by the Financial Industry Regulatory Authority (FINRA) on May 22, 2018 indicate that New York-based SW Financial broker Reynold Vaughan III has received resolved or pending customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Vaughan (CRD# 1025788).
Reynold Vaughan has spent 24 years in the securities industry and has been registered with SW Financial in Melville, New York since 2009. Previous registrations include Prestige Financial Center in Garden City, New York (2008-2009); Maximum Financial Investment Group in Hicksville, New York (2007-2008); Great Eastern Securities in Syosset, New York (2004-2007); Kirlin Securities in Syosset, New York (1996-2004); Fahnestock & Company in New York, New York (1994); Reich & Company (1991-1994); Dean Witter Reynolds in Purchase, New York (1990-1991); Shearson Lehman Hutton in New York, New York (1988-1990); and Merrill Lynch (1982-1988). He has passed three securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on March 16, 1988; Series 5 (Interest Rate Options Examination), which he obtained on January 26, 1982; and Series 7 (General Securities Representative Examination), which he obtained on December 19, 1981. He is a registered broker with eleven US states: Arizona, California, Indiana, Iowa, Montana, New Jersey, New York, Pennsylvania, South Carolina, Texas, and West Virginia.
According to his BrokerCheck report, he has received eight customer complaints, one pending customer complaint, and three regulatory sanctions.
In April 2018 a customer alleged Reynold Vaughan, while employed at SW Financial, churned investments in the account, breached contract, participated in unauthorized trading, recommended investments in unsuitable products, and acted negligently in connection to investments in common and preferred stock. The customer is seeking $69,433 in damages in the pending complaint.
In 2009 FINRA sanctioned him in connection to allegations he participated in unsuitable trading in customer accounts. He was issued a four-month suspension.
In 2003 a customer alleged Reynold Vaughan, while employed at Kirlin Securities, made unsuitable transactions, executed unauthorized trades, and made excessive trades. The complaint settled for $250,000.
In 2000 a customer alleged Reynold Vaughan, while employed at Kirlin Securities, recommended an investment in Iridium bonds that performed poorly. The complaint settled for $11,000.
If you or someone you know has complaints regarding Reynold Vaughan III, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on a contingency basis: we only receive payment if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.