Articles Tagged with Laidlaw & Company

Laidlaw & Company

Publicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on May 8, 2019 indicate that UK-based brokerage firm Laidlaw & Company, also known as Sands Brothers International, has received customer complaints and regulatory sanctions. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Laidlaw & Company (CRD# 119037).

Founded in 1999, Laidlaw & Company received SEC approval in 2002, is headquartered in London, England, and is registered with 53 US states and territories. According to its BrokerCheck report, it has received five regulatory sanctions and two customer complaints that evolved into arbitration.

In 2018, FINRA sanctioned the firm in connection to allegations it failed in its supervisory duties concerning the recommendation of non-traditional exchange-traded funds. FINRA’s findings state specifically that the firm’s supervisory procedures lacked a system that was reasonably designed to ensure personnel reviewed non-traditional ETF transactions or review open positions in non-traditional ETFs so as to determine whether they had been held for long periods of time or resulted in unrealized losses. FINRA’s findings stated that firm representatives solicited 869 non-traditional ETF purchases and 946 non-traditional ETF sales across 312 customer accounts. According to FINRA’s findings, firm written supervisory procedures failed to require firm supervisors to “review open positions in non-traditional ETFs held for extended periods or resulting in unrealized losses,” and additionally failed to impose “product-specific limitations” on the firm’s representatives’ ability to recommend that customers trade in or hold positions in non-traditional ETF products. It was censured and issued a $25,000 fine.

Peter ViglionePublicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on April 30, 2019 indicate that New York-based Laidlaw & Company broker Peter Viglione has received resolved or pending customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Viglione (CRD# 4697621).

Peter Viglione has spent 15 years in the securities industry and has been registered with Laidlaw & Company in New York, New York since 2014. Previous registrations include Portfolio Advisors Alliance in New York, New York (2013-2014); John Thomas Financial in New York, New York (2008-2013); National Securities Corporation in New York, New York (2006-2008); SW Bach & Company in New York, New York (2005-2006); Oppenheimer & Company in New York, New York (2003-2005); and Casimir Capital in Greenwich, Connecticut (2003). He has passed three securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination); SIE (Securities Industry Essentials Examination), which he obtained on October 1, 2018; and Series 7 (General Securities Representative Examination). He is a registered broker with 43 US states and territories.

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

Osbert HaynesPublicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on January 17, 2018 indicate that New York-based Laidlaw & Company broker Osbert Haynes has received a FINRA sanction and a pending customer dispute. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Haynes (CRD# 2880011).

Osbert Haynes has spent twenty years in the securities industry and has been registered with Laidlaw & Company in New York, New York since 2013. Previous registrations include John Thomas Financial in New York, New York (2012-2013); Spartan Capital Securities in New York, New York (2011-2012); Avalon Partners in New York, New York (2010-2011); EKN Financial Services in Woodbury, New York (2005-2010); Avalon Partners in New York, New York (2002-2005); Thomas Fletcher & Company in New York, New York (2002-2004); Fordham Financial Management in New York, New York (2000-2002); Keaton Financial Services in Hackensack, New Jersey (1999-2000); PHD Capital in New York, New York (1998-1999); Andrew Garrett in New York, New York (1997-1998); and Royce Investment Group in Woodbury, New York (1997). He has passed two securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on May 9, 1997, and Series 7 (General Securities Representative Examination), which he obtained on May 1, 1997. He is a registered broker and investment adviser with four US states: California, Florida, Connecticut and New York.

According to his BrokerCheck report, Osbert Haynes has received one FINRA sanction, one pending customer complaint, and six unsatisfied judgments or liens.

Christian Herrera Public records provided by the Financial Industry Regulatory Authority (FINRA) on August 9, 2016 indicate that New York-based Laidlaw & Company broker Christian Herrera has received customer complaints and a regulatory sanction. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Herrera (CRD# 4158466).

Christian Herrera has spent 15 years in the securities industry and has been registered with Laidlaw & Company in New York, New York since September 2015. Previous registrations include Spartan Capital Securities in New York, New York; Empire Asset Management Company in New York, New York; Garden State Securities in New York, New York; Great Eastern Securities in New York, New York; Gunnallen Financial in New York, New York; and Continental Broker-Dealer Corporation, which has since been expelled by FINRA, in Carle Place, New York. He is a registered broker with 23 US states and territories. Continue Reading

Matthew TurnerAccording to public records provided by the Financial Industry Regulatory Authority (FINRA) on February 16, 2016, Florida-based Westpark Capital broker/adviser Matthew Turner is the subject of  several customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Turner (CRD# 4114088).

Matthew Turner has spent fifteen years in the securities industry and has been registered with Westpark Capital in Boca Raton, Florida since 2012. Previous registrations include Laidlaw & Company in Fort Lauderdale, Florida (2010-2012); Jesup & Lamont Securities in Fort Lauderdale, Florida (2009-2010); Gunnallen Financial in Fort Lauderdale, Florida (2002-2009); First Montauk Securities in Red Bank, New Jersey (2001-2002); and First Liberty Investment Group in Philadelphia, Pennsylvania (2000-2001). One of Mr. Turner’s former employers, Jesup & Lamont Securities, has since been expelled by the Financial Industry Regulatory Authority (FINRA). He is a registered broker and investment adviser with 18 US states and territories. Continue Reading

Nicholas SabellicoThe securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Florida-based Laidlaw & Company broker Nicholas Sabellico (CRD# 4810487).

Nicholas Sabellico has spent nine years in the securities industry and has been registered with Laidlaw & Company in Fort Lauderdale, Florida since 2013. Previous registrations include JP Morgan Securities in South Lindenhurst, New York (2012-2013); Chase Investment Services in East Northport, New York (2010-2012); Rockwell Global Capital in Melville, New York (2010); Summit Brokerage Services in Amityville, New York (2009-2010); Vanguard Capital in Massapequa, New York (2009); A&F Financial Securities in Syosset, New York (2009); Meyers Associates in New York, New York (2009); New Castle Financial Services in New York, New York (2006-2007); New Castle Financial Group in Melville, New York (2006); and Benson York Group in Melville, New York (2004-2006). Of Mr. Sabellico’s former employers, three have since been expelled by the Financial Industry Regulatory Authority: Benson York Group, New Castle Financial Group, and New Castle Financial Services. He is a registered broker in 36 US states and territories. Continue Reading