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Donald Bartelt and Newport Coast Securities FINRA recently brought a disciplinary action against Newport Coast Securities and seven of its registered representatives, including financial advisors Donald A. Bartelt, Douglas Leone, Marc Arena, Roman T. Luckey, Andre LaBarbera, David M. Levy, and Antonio Costanzo.  FINRA alleged that Newport Coast Securities and some of its advisors excessively …
Read More "WARNING! Impending Investigation–DONALD BARTELT & NEWPORT COAST SECURITIES"
Satyen Chatterjee and Strategic Capital Management, Inc. We are currently investigating allegations made against Satyen Chatterjee.  Satyen Chatterjee was the sole owner and President of Strategic Capital Management, Inc. in Seattle, Washington.  The Washington Securities Division revoked Chatterjee’s investment advisory registration on June 16, 2014 after an investigation in which Chatterjee was alleged to have …
Read More "WARNING! Impending Investigation–SATYEN CHATTERJEE and STRATEGIC CAPITAL MANAGEMENT INC."
Jay Soojian and New England Securities In a recent disciplinary action, FINRA (the Financial Industry Regulatory Authority) barred a former New England Securities financial advisor from Wayne, New Jersey named Jay Soojian.  Jay Soojian sold at least $775,000 in interests in Osiris Fund Limited Partnership. Soojian recommended these investments in Osiris to his customers without …
Read More "WARNING! Impending Investigation–JAY SOOJIAN and NEW ENGLAND SECURITIES"
Further Investigation Into GWG Renewable Secured Debentures Have you invested in GWG Renewable Secured Debentures?  We have previously written a couple of blog entries regarding actions bought by the Financial Industry Regulatory Authority (FINRA) against financial advisors who recommended that their clients invest in GWG debentures.  GWG Holdings, Inc. purchases life insurance policies on the …
Read More "UPDATE–Continuing Investigation Developments: GWG RENEWABLE SECURED DEBENTURES and JON R. SABES and STEVEN F. SABES"
Dennis Karasik and Diversified Energy Group We are currently investigating allegations made against Dennis Karasik of Parkton, Maryland.  Dennis Karasik was recently barred from the securities industry by FINRA, the Financial Industry Regulatory Authority.  FINRA alleged that Dennis Karasik recommended that his clients invest in bonds offered by Diversified Energy Group, a purported oil and …
Read More "WARNING! Impending Investigation–DENNIS KARASIK and DIVERSIFIED ENERGY GROUP"
KGTA Petroleum, Jeffrey Gainer, Jerry Cicolani, Kelly Hood, and PrimeSolutions Securities Have you lost money in KGTA Petroleum?  We are currently investigating allegations made by the Securities and Exchange Commission regarding Akron, Ohio-based KGTA Petroleum.  The SEC alleges that Jeffrey Gainer, Jerry Cicolani, and Kelly Hood made recommendations to their clients to invest in KGTA …
Read More "FRAUD WARNING! JEFFREY GAINER, JERRY CICOLANI, KELLY HOOD and KGTA PETROLEUM"
Mark Garrison and NY Life Securities We are currently investigating allegations made against Mark S. Garrison of Greenville, South Carolina.  Mark S. Garrison was a registered representative and financial advisor of NY Life Securities in its Greenville, South Carolina office, from 1989 to April 2012. Mr. Garrison was recently suspended for 14 months and fined …
Read More "WARNING! Impending Investigation–MARK S. GARRISON and NY LIFE SECURITIES"
Investigation of Michael M. Ward and GWG Renewable Secured Debentures Have you invested in GWG Renewable Secured Debentures through 79 Capital Securities and Michael M. Ward?   GWG Holdings, Inc. purchases life insurance policies on the secondary market, at a discount from the policy owner.  GWG then hopes to make a profit by collecting the face …
Read More "WARNING! Impending Investigation–MICHAEL M. WARD and GWG RENEWABLE SECURED DEBENTURES"
Robert L. Drew and LPL Financial On June 25, 2014, FINRA (the Financial Industry Regulatory Authority) barred a former LPL Financial advisor named Robert L. Drew.  Robert Drew failed to appear for an on-the-record interview with FINRA regarding an investigation of unsuitable trading in Drew’s customer accounts.  Because he failed to appear for the interview, …
Read More "WARNING! Impending Investigation–ROBERT L. DREW and LPL FINANCIAL"