Articles Tagged with First Allied Securities

Douglas AlexanderPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on June 16, 2018 indicate that Virginia-based First Allied Securities broker/adviser Douglas Alexander has received a pending customer dispute. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Alexander (CRD# 2087736).

Douglas Alexander has spent 25 years in the securities industry and has been registered with First Allied Securities in Richmond, Virginia since 2010. Previous registrations include in Richmond, Virginia (2008-2010); AXA Advisors in Richmond, Virginia (2006-2008); Tower Square Securities in Richmond, Virginia (2005-2006); H. Beck in Bethesda, Maryland (1999-2005); Ascend Financial Services in St. Paul, Minnesota (1997-1999); EQ Financial Consultants in New York, New York (1993-1997); the Equitable Life Assurance Society of America in New York, New York (1993-1997); Tamaron Investments in Englewood, Colorado (1992); and First Investors Corporation in New York, New York (1990). He has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on September 25, 1998; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on August 26, 1992; Series 7 (General Securities Representative Examination), which he obtained on August 13, 1992; and Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on September 5, 1990. He is a registered broker and investment adviser with eight US states: Arizona, Florida, Maryland, Missouri, New York, North Carolina, South Carolina, and Virginia.

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

William RobertsonPublic records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on March 28, 2018 indicate that former Texas-based First Allied Securities broker/adviser William Robertson has received resolved or pending customer disputes and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Robertson (CRD# 823461).

William Robertson has spent 40 years in the securities industry and was most recently registered with First Allied Securities in Deer Park, Texas (2000-2016). Previous registrations include DE Frey & Company in Denver, Colorado (1994-2000); Dean Witter Reynolds in Purchase, New York (1981-1994); Bache Halsey Stuart Shields (1977-1981); Bache Halsey Stuart (1976-1977); and Bache & Company (1976). He has passed seven securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on August 21, 1995; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on April 18, 1980; Series 5 (Interest Rate Options Examination), which he obtained on December 11, 1982; PC (AMEX Put and Call Exam), which he obtained on June 13, 1977; Series 7 (General Securities Representative Examination), which he obtained on May 15, 1976; Series 4 (Registered Options Principal Examination), which he obtained on November 9, 2006; and Series 24 (General Securities Principal Examination), which he obtained on August 13, 1996. He is currently not registered with any state or firm.

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

Kevin PalmerPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on March 21, 2018 indicate that former Arizona-based First Allied Securities broker/adviser Kevin Palmer, who has received customer disputes, was recently discharged 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. Palmer (CRD# 1370541).

Kevin Palmer has spent 32 years in the securities industry and was most recently registered with First Allied Securities in Scottsdale, Arizona (2008-2018). Previous registrations include First Montauk Securities Corporation in Scottsdale, Arizona (2001-2008); Merrill Lynch in New York, New York (1994-2001); and Painewebber in Weehawken, New Jersey (1985-1994). He has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on June 18, 2004; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on June 7, 1985; Series 7 (General Securities Representative Examination), which he obtained on May 18, 1985; and Series 8 (General Securities Sales Supervisor Examination [Options Module & General Module]), which he obtained on February 21, 1998. He is currently not registered with any state or firm.

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

Lindsey RileyPublicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on January 8, 2018 indicate that former California-based First Allied Securities broker/adviser Lindsey Riley has received resolved or pending customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Ms. Riley (CRD# 1628861).

Lindsey Riley has spent 27 years in the securities industry and was most recently registered with First Allied Securities in Huntington Beach, California (2002-2015); Interfirst Capital Corporation in Los Angeles, California (2000-2002); National Securities Corporation in Seattle, Washington (2000); the Agean Group in Boca Raton, Florida (1998-2000); HJ Meyers & Company in Rochester, New York (1988-1998); and the Stuart-James Company (1987-1988). She has passed four securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which she obtained on February 12, 1998; Series 7 (General Securities Representative Examination), which she obtained on March 21, 1987; Series 4 (Registered Options Principal Examination), which she obtained on May 29, 1997; and Series 24 (General Securities Principal Examination), which she obtained on May 27, 1992. She is currently not registered with any state or firm.

According to her BrokerCheck report, she has received two customer complaints and one pending customer complaint.

Mark PylePublicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on December 4, 2017 indicate that former Virginia-based First Allied Securities broker/adviser Mark Pyle was 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 hearing from investors who have complaints regarding Mr. Pyle (CRD# 829253).

Mark Pyle has spent 32 years in the securities industry and was most recently registered with First Allied Securities in Alexandria, Virginia (2005-2017). Previous registrations include Round Hill Securities in Alamo, California (2001-2005); UBS Painewebber in Weehawken, New Jersey (1993-2001); Kidder Peabody & Company in New York, New York (1988-1993); Shearson Lehman Hutton (1988); EF Hutton & Company (1986-1988); and Kidder Peabody & Company (1976-1977). He has passed six securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on February 27, 1992; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on January 5, 1987; Series 3 (National Commodity Futures Examination), which he obtained on January 16, 1987; Series 7 (General Securities Representative Examination), which he obtained on December 20, 1986; Series 4 (Registered Options Principal Examination), which he obtained on February 8, 2002; and Series 24 (General Securities Principal Examination), which he obtained on January 24, 2002. He is currently not registered with any state or firm.

According to his BrokerCheck report, Mark Pyle was discharged from his former employer in connection to alleged rule violations.

Kelly RichardsPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on July 18, 2017 indicate that Arizona-based First Allied Securities broker/adviser Kelly Richards has received a pending customer dispute. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Richards (CRD# 4918409).

Kelly Richards has spent twelve years in the securities industry and has been registered with First Allied Securities in Phoenix, Arizona since 2015. Previous registrations include Raymond James & Associates in Scottsdale, Arizona; First Allied Securities in San Diego, California; Capital Investment Group in Scottsdale, Arizona; Chase Investment Services in Scottsdale, Arizona; and Banc One Securities Corporation in Chicago, Illinois. He is a registered broker and investment adviser with 37 US states and territories.

According to his BrokerCheck report, Kelly Richards has received one pending customer complaint and was discharged from a former employer.

VOYAAccording to publicly available records released by the Financial Industry Regulatory Authority (FINRA) on November 2, 2016, and accessed on February 3, 2017, FINRA has sanctioned eight broker-dealer firms in connection to alleged sales variable annuity sales violations. Fitapelli Kurta is interested in hearing from investors who have complaints regarding the firms in question: VOYA Financial Advisors, Cetera Advisor Networks, Cetera Financial Specialists, First Allied Securities, Summit Brokerage Services, VSR Financial Services, Kestra Investment Services, and FTB Advisors.

FINRA’s release alleges that the firms failed to supervise the sales of variable annuity products. According to the complaint: “The L-share VAs at the heart of this action are complex investment products combining insurance and security features designed for short-term investors willing to pay higher fees in exchange for shorter surrender periods. L-shares also had the potential to pay greater compensation to the firms and registered representatives than more traditional share classes. Each of the firms in this action lacked an adequate system to supervise variable annuities with multiple share classes, and failed to provide its registered representatives and principals with reasonable guidance regarding the narrow class of customers for whom the costs and features of L-share variable annuities were suitable.”

The release goes on to say that the alleged failures were “compounded” when the L-shares were often sold with “complex and expensive guaranteed income and withdrawal riders that provided benefits only over longer holding periods.” VOYA, as well as four Cetera Group firms, allegedly failed to notify red flags of “broad patterns of potentially unsuitable sales of this product combination.”

 Theodore RothmanPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on November 3, 2016 indicate that former Pennsylvania-based First Allied Securities broker Theodore Rothman is currently not affiliated with any broker-dealer firm. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Rothman (CRD# 405741).

Theodore Rothman has spent 45 years in the securities and was most recently registered with First Allied Securities in Southampton, Pennsylvania (2015-2016). Previous registrations include First Allied Securities in Southampton, Pennsylvania (2013-2014); Rothman Securities in Southampton, Pennsylvania (1983-2013); Zenith American Securities Corporation (1973-1984); and American Diversified Investors (1970-1973). He is currently not registered with any state or firm.

According to his BrokerCheck report, Theodore Rothman has received four customer complaints, one pending customer complaint, and three regulatory sanctions.

shutterstock_159512447According to the Financial Industry Regulatory Authority (FINRA), former Arizona-based Independent Financial broker Mary Helen Caprice Mallett is currently not licensed to act as a broker or an investment adviser. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Ms. Mallett (CRD# 1345520).

Mary Helen Caprice Mallett has spent 27 years in the securities industry and was most recently registered with Independent Financial Group in Phoenix, Arizona (2011-2013). Previous registrations include Morgan Stanley in Phoenix (2010-2011); First Allied Securities in Phoenix (2003-2010); Walnut Street Securities in El Segundo, California (2003); Nathan & Lewis Securities in New York, New York (1998-2003); Washington Square Securities in Des Moines, Iowa (1990-1999); Pebsco Securities in Columbus, Ohio (1989-1992); John G. Kinnard and Company in Minneapolis, Minnesota (1988-1990); BJ Leonard & Company (1987-1988); NWNL Management Corporation (1987); and WS Griffith & Company (1985-1987). Married to former First Allied broker William “Bill” Tatro, Ms. Mallett is currently not registered with any firm or state. Continue Reading

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