Articles Tagged with investor complaint

Sylvester Knox (CRD #: 1625705), an investment advisor registered with The Knox Group Wealth Management, and a broker formerly registered with FSC Securities Corporation, was suspended by the Financial Industry Regulatory Authority (FINRA), according to his Investment Adviser Public Disclosure, accessed August 19, 2020. This was the latest on a substantial list of regulatory actions and customer disputes involving Sylvester Knox.

On August 6, 2020, Sylvester Knox entered into an Acceptance, Waiver and Consent agreement with FINRA in which he consented to the findings that he effected transactions with a total principal value of approximately $1.7 million in the accounts of customers of his member firm without the customers’ authorization or consent.

  • The findings further state that Sylvester Knox exercised discretionary trading authority and effected transactions with a total principal value of approximately $2 million in the accounts of customers without having obtained prior written authorization from the customers or approval from the firm to treat the accounts as discretionary.

Mark Wojno (CRD#: 5623841), a Registered Investment Adviser (RIA) with Pinnacle Wealth Management, Inc. (CRD#: 166853) in Brighton, Michigan, is currently involved in an investor dispute, according to his Investment Adviser Public Disclosure (IAPD) record accessed on July 29, 2020. What happened to lead to this investor dispute? Read on to learn more. 

Mark Wojno
On June 22, 2020, a client filed an investor complaint against Mark Wojno. The client alleges that the broker recommended unsuitable investments and misrepresented these investments. The client purchased the investments in 2015. The client further alleges that the firm failed to supervise the actions of Mark Wojno and failed to conduct due diligence. Mark Wojno’s colleague, Andrew Perri, is also involved in this dispute. 

Mark Wojno has passed the Series 63 – Uniform Securities Agent State Law Examination, the Series 65 – Uniform Investment Adviser Law Examination, the SIE – Securities Industry Essentials Examination, and the Series 6 – Investment Company Products/Variable Contracts Representative Examination. He is licensed to sell securities in Florida and Michigan. 

Dave Mock (CRD#: 1309680), a registered representative with Trustmont Financial Group, Inc. (CRD#: 18312) and a Registered Investment Adviser (RIA) with Money Management Advisory, Inc. (CRD#: 14983) in Feasterville, Pennsylvania, is currently involved in an investor dispute over suitability, according to his BrokerCheck record accessed on July 28, 2020. What happened to lead to this dispute? Read on to learn more. 

Dave Mock
On June 2, 2020, a client filed an investor complaint against Dave Mock. The client alleges that he recommended unsuitable investment products, committed common law fraud, breached his fiduciary duty, engaged in unjust enrichment, engaged in failure to supervise, and violated the Pennsylvania Unfair Trade Practices and Consumer Protection Law. the activity in question occurred from 2012 to 2017. The client is seeking $375,717 in damages. The matter is pending. Dave Mock’s colleague, Jeff Dillman, is involved in the same dispute. 

Dave Mock has passed the Series 63 – Uniform Securities Agent State Law Examination, the SIE – Securities Industry Essentials Examination, the Series 7 – General Securities Representative Examination, the Series 6 – Investment Company Products/Variable Contracts Representative Examination, the Series 27 – Financial and Operations Principal Examination, and the Series 24 – General Securities Principal Examination. He is a broker and Registered Investment Adviser (RIA) in New Jersey and Pennsylvania. He is licensed to sell securities in California, Georgia, Maryland, North Carolina, and West Virginia. 

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