breach of fiduciary duty - Israels & Neuman, PLC

ROSALINE ALAM of Pruco Securities is BARRED

Israels & Neuman, PLC — Fri, 14 Jun 2024 18:02:38 GMT

Rosaline Alam, Formerly with Pruco Securities, Barred

CLAREMONT, CALIFORNIA Did you invest with Rosaline Alam in Claremont, California? Our investment fraud law firm is reviewing allegations against this advisor, who was previously licensed with Pruco Securities (Prudential). She was expelled from the securities brokerage industry in June 2024 by FINRA after she failed to respond to FINRA’s investigation.

In November 2023, Pruco Securities disclosed to FINRA that Ms. Alam allegedly misappropriated funds from an elderly customer and was named as a beneficiary in the customer’s will. This prompted the investigation by FINRA. When she failed to respond to the investigation, FINRA barred her in June 2024. In addition, she has also been the subject of a December 2023 customer complaint.

Rosaline Alam was registered with Pruco Securities from August 2016 to October 2023. She was also affiliated with Lincoln Investments and worked in Claremont, California.

Our investment fraud and securities arbitration law firm has recovered millions of dollars for investors in the past, including numerous investors in California. We have represented investors against numerous brokerage firms.

FINRA AWC can be found HERE BrokerCheck Report can be found HERE

If you lost money with Rosaline Alam, or Pruco Securities, contact the law firm of ISRAELS & NEUMAN at (206) 795-5798 for a Free evaluation of your case.

MATTHEW CHIMENTO of Morgan Stanley is BARRED

Israels & Neuman, PLC — Mon, 01 Apr 2024 20:08:52 GMT

Matthew Chimento Barred from Securities Industry

ALPHARETTA, GEORGIA Are you a former client of financial advisor Matthew Chimento in Alpharetta, Georgia? Israels & Neuman is reviewing allegations against this broker, who previously worked with Morgan Stanley (Prudential). He was barred from the securities industry by FINRA, according to FINRA’s Disciplinary Database.

In November 2023, Matthew Chimento voluntarily resigned from Morgan Stanley while he was under an internal investigation. According to BrokerCheck, he allegedly transferred funds out of a client’s account and placed it into an account for his own benefit, without the client’s authorization, (breach of fiduciary duty), which led to the FINRA investigation. After failing to respond to FINRA’s investigation, he was barred.

Matthew Chimento was registered with Morgan Stanley from March 2023 to November 2023 and worked in Alpharetta, Georgia. He also previously worked for E*Trade for five years.

Israels & Neuman has represented thousands of investors in the past, including numerous investors in Georgia. We have represented investors against numerous brokerage firms, including against Morgan Stanley.

View FINRA AWC HERE View BrokerCheck Report HERE

If you lost money with Matthew Chimento, or Morgan Stanley, contact the law firm of ISRAELS & NEUMAN at (206) 795-5798 for a Free evaluation of your case.

DAVID MORRIS of Stifel Nicolaus is SUSPENDED

Israels & Neuman, PLC — Sun, 02 Apr 2023 12:46:24 GMT

David Morris, Formerly with Stifel Nicolaus & Company, Suspended by FINRA

CHICAGO, ILLINOIS

Are you a former client of David Morris, formerly with Stifel Nicolaus & Company in Chicago, Illinois? Israels & Neuman is reviewing claims made by FINRA against David Jeffrey Morris. David Morris was indefinitely suspended by FINRA in February 2023 because Morris did not respond to a FINRA investigation.

According to Morris’ record on BrokerCheck, FINRA began its suspension on February 24, 2023 when Morris did not respond to FINRA requests for information. Morris was also the subject of a customer complaint filed in September 2022, in which a customer alleged that Morris’ negligence and breach of fiduciary duty caused $480,000 in investment losses.

David Morris had been licensed with Stifel Nicolaus & Company from August 2016 to May 2022. He previously worked for UBS Financial Services. He worked in offices in Chicago, Illinois. Morris has been the subject of three customer complaints since 2003, and he also is the subject of a $138,000 judgment.

David Morris was a licensed financial advisor and therefore had obligations to respond to FINRA investigations pursuant to FINRA Rule 8210. Securities firms like Stifel Nicolaus & Company also must adequately monitor their representatives. If a firm like Stifel Nicolaus & Company fails to provide reasonable supervision, the brokerage firm could be responsible for financial damages.

Both of the attorneys at Israels & Neuman are licensed to practice law in Illinois. Attorney David Neuman grew up in the Chicago suburbs and worked in the Chicago area for nine years representing investors. We have sued dozens of different brokerage firms, including Stifel Nicolaus & Company.

View Morris, d BrokerCheck 4.2.23