Articles Tagged with SEC Complaint

Breitling EnergyPublicly available records provided by the Securities and Exchange Commission (SEC) on June 24, 2016 indicate that the SEC has filed charges against four companies and eight individuals in connection to a purported “$80 million oil and gas fraud” allegedly conducted by the CEO of Breitling Energy Corporation, Chris Faulkner. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Breitling Energy or Mr. Faulkner.

According to the SEC’s complaint, Chris Faulkner has been charged with “disseminated false and misleading offering materials, misappropriating millions of dollars of investor funds and attempting to manipulate BECC’s stock.” Breitling Energy has also been charged, and its securities are suspended from trading. Continue Reading

Patrick MackaronisPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on May 23, 2016 indicate that former New Jersey-based Wells Fargo broker Patrick Mackaronis 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 Mr. Mackaronis (CRD# 5435817).

Patrick Mackaronis has spent four years in the securities industry and was most recently registered with Wells Fargo Advisors in Wayne, New Jersey (2008-2012). He is currently not registered with any state or firm. Continue Reading

Sagepoint FinancialThe Securities and Exchange Commission (SEC) has filed a complaint against Arizona-based brokerage/advisory firm Sagepoint Financial. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Sagepoint Financial (CRD# 133763).

Formed in Delaware in 2004, Sagepoint Financial is headquartered in Phoenix, Arizona and registered with 53 US states and territories. Jeffrey Auld is Chief Executive Officer and President; Inger Fields is Vice President, Treasurer and Financial Operations Principal; Robert Guldner is Chief Compliance Officer, Investment Advisory; Erica McGinnis is Chairperson; Justin Sacca is Vice President and Chief Compliance Officer; Matthew Schlueter is Chief Operations Officer and Executive Vice President. Sagepoint Financial is indirectly owned by American Investment Group (AIG). Continue Reading

Christopher Cervino

According to the United States Department of Justice, former New York-based Primary Capital broker Christopher Cervino has been arrested and indicted on charges of securities fraud. The securities and investment fraud law firm Fitapelli Kurta is investigating allegations of misconduct against Mr. Cervino (CRD# 2778817).

Christopher Cervino has spent eighteen years in the securities industry and was most recently registered with Primary Capital in New York, New York (2014-2016). Previous registrations include COR Clearing in Edison, New Jersey (2013-2014); Wilson-Davis & Company in Salt Lake City, Utah (2012-2013); Delaney Equity Group in Palm Beach Gardens, Florida (2011); GFI Securities in New York, New York (2010-2011); Lighthouse Financial Group in New York, New York (2008-2010); RBC Professional Trader Group in New York, New York (2008); RBC Capital Markets in New York, New York (2007-2008); Carlin Equities in New York, New York (2002-2007); Ladenburg Thalmann & Company in New York, New York (2000-2002); Sharpe Capital in New York, New York (1998-2000); and HJ Meyers & Company in Rochester, New York (1996-1998). Two of his former employers, Sharpe Capital and HJ Meyers & Company, have since been expelled by the Financial Industry Regulatory Authority (FINRA). He is a registered broker and investment adviser in seven US states: California, Colorado, Delaware, Florida, Nevada, New Jersey, and New York. Continue Reading

The US Securities and Exchange Commission (SEC) today announced fraud charges against former Pennsylvania-based Edward Jones broker Bernard Thompson. The securities and investment fraud law firm is interested in hearing from investors who have complaints regarding Mr. Thompson (CRD# 2010184).

Bernard Thompson has spent 24 years in the securities industry and was most recently registered with Edward Jones in Indiana, Pennsylvania (2006-2014). Previous registrations include Beaconsfield Financial Services in Indiana, Pennsylvania (1993-2006); North American Management in Sioux Falls, South Dakota (1991-1993); and First American National Securities in Duluth, Georgia (1989-1990). He is currently not licensed to act as a broker, nor registered with any state or firm. Continue Reading

shutterstock_140770462According to the Financial Industry Regulatory Authority (FINRA), former New York-based Securities America broker Christopher Orlando 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 Mr. Orlando (CRD# 2927859).

Christopher Orlando has spent 13 years in the securities industry and was most recently registered with Securities America in New York, New York (2012-2013). Previous registrations include Innovation Partners in Needham, Massachusetts (2012); Grant Williams in Austin, Texas (2010-2012); Longview Financial Group in Costa Mesa, California (2009-2010); Ascher/Decision Services in San Marino, California (2008-2009); Planmember Securities Corporation in Marina Del Rey, California (2006-2008); Partnervest Securities in Santa Monica, California (2002-2006); Jackson National Life Insurance Distributors in Denver, Colorado (2002); Directed Services in Windsor, California (1999-2001); ING Funds Distributor in Wilmington, Delaware (2000); and PLANCO Financial Services in Simsbury, Connecticut (1997-1998). He is currently not registered with any firm or state. Continue Reading