Allegations Against Jennifer Ceterko

FINRA alleged that it started an investigation into Jennifer Ceterko after she was alleged to have “Accessed outside investment accounts” using the login credentials of her former clients and participated in account activity in those outside accounts”.   FINRA then alleged that Ceterko refused to appear for an on-the-record interview.    

It is a violation of FINRA Rule 8210 to refuse to respond to or cooperate with a FINRA investigation.  Violations of this Rule often result in suspensions or expulsions from the securities brokerage industry, and Ceterko was barred by FINRA.

Jennifer Ceterko Industry History

Jennifer Ceterko was affiliated with LPL Financial from December 2022 to December 2024.  She was also previously affiliated with PFS (Primerica) Investments.  She worked in a Wayne, New Jersey branch office.  She also filed for bankruptcy in 2017.

Can LPL Financial be Responsible for Customer Losses?

Broker-dealers like LPL Financial must reasonably supervise the activities of their representatives.  If a firm does not adequately supervise their advisors, it could be liable for any investor harm.

Israels & Neuman Represents New Jersey Residents

Our firm represents investors throughout the country including New Jersey, who have been victims of broker misconduct, unsuitable investment recommendations, and fraud.  If you were a client of Jennifer Ceterko and believe she acted improperly, you may be entitled to recover losses through FINRA arbitration.

• View Jennifer Ceterko FINRA AWC
• View her BrokerCheck Report

Contact Israels & Neuman for a Free Case Evaluation

All of our FINRA Arbitration cases are taken on a contingency fee basis, meaning no up front costs to you.

Call us today for a Free Consultation at (720) 599-3505 or (206) 795-5798

FINRA allegedly received a “regulatory” tip, which prompted an investigation into Armellino.  According to FINRA’s AWC, Mr. Armellino originally cooperated with FINRA’s investigation, but by April 2025, he ceased doing so.  That led to him being barred from the securities industry.

History of Nicholas Armellino

Nicholas Armellino had been a representative of GMS Group from May 2007 to May 2025.  Armellino had been affiliated with a number of other firms from 1999 to 2007.  Armellino had previously been the subject of seven customer complaints, although two of those were denied.  Armellino was also disbarred as an attorney in New Jersey in 1997.

GMS Group’s Potential Responsibility

Under FINRA Rule 3110, brokerage firms like GMS Group have to reasonably supervise their representatives.  If GMS Group failed to adequately monitor Armellino, it could be liable for any investor harm.

Our firm represents investors throughout the country as well as New Jersey, who have been victims of broker misconduct, unsuitable investment recommendations, and fraud. If you were a client of Nicholas Armellino and believe he acted improperly, you may be entitled to recover losses through FINRA arbitration.

• View Nicholas Armellino FINRA AWC
• View his BrokerCheck Report

Contact Israels & Neuman for a Free Case Evaluation

Call us at (720) 599-3505 or (206) 795-5798 or fill out our contact form to learn more about your rights. We have experience representing New Jersey investors and are ready to help you recover what you deserve.

CRANBURY, NEW JERSEY Are you a former client of financial advisor Kittiany Davis Barrios in Cranbury, New Jersey? Our securities arbitration law firm is looking into claims made against this advisor, who had been a representative of PNC Investments from March 2019 to January 2024. FINRA barred her from the securities industry after she refused to continue cooperating with an investigation.

It was alleged by PNC Investments that she engaged in an undisclosed outside business activity or private securities transaction, which led to her termination. Upon termination, FINRA then began its own investigation into these allegations.

Investment firms are required to properly supervise the conduct of its financial advisors. If the firm fails to do so, they could be liable for investor losses.

VIEW FINRA AWC HERE

VIEW BROKERCHECK REPORT HERE

If you lost money with Kittiany Davis Barrios, or PNC Investments, contact the law firm of ISRAELS & NEUMAN at (616) 280-4303 or (206) 795-5798 for a Free evaluation of your case.

PENNINGTON, NEW JERSEY Were you a customer of financial advisor Elan Sanker? Israels & Neuman is looking into allegations against this advisor, who previously worked in Pennington, New Jersey.

Mr. Sanker was barred by FINRA after he refused to respond to an investigation. FINRA began its investigation when he was terminated by his brokerage firm, Merrill Lynch, in May 2023. A customer filed a complaint in February 2023, alleging that he engaged in “selling away” – selling investments that were not approved or authorized by the firm, which led to Sanker’s termination in May 2023, followed by FINRA’s investigation.

Elan Sanker was registered with Merrill Lynch from November 2018 to May 2023. He also previously worked with Northwestern Mutual in Pennington, New Jersey.

Israels & Neuman has represented thousands of investors in the past, including investors in New Jersey. Our firm has sued many brokerage firms throughout the country.

VIEW FINRA AWC HERE

VIEW BROKERCHECK REPORT HERE

If you lost money with Elan Sanker, or Merrill Lynch, contact the law firm of ISRAELS & NEUMAN at (206) 795-5798 for a Free evaluation of your case.

HADDONFIELD, NEW JERSEY Did you lose money with financial advisor James Turpin from Haddonfield, New Jersey? The investment fraud and securities arbitration law firm of Israels & Neuman is reviewing allegations made against James Turpin also known as Jim Turpin. Earlier in June 2024, he was fired by USA Financial, his former securities brokerage firm.

The brokerage firm fired Turpin after allegations of theft from a customer account. BrokerCheck does not disclose when the alleged theft took place. James Turpin had been with USA Financial from January 2017 to June 2024. He worked in a Haddonfield, New Jersey branch office.

USA Financial is a FINRA member firm and must have written supervisory and compliance procedures under securities rules and regulations. If this brokerage firm failed to reasonably supervise its advisor, it may be liable for customer losses.

Israels & Neuman have represented thousands of investors across the country. Our firm has represented numerous investors in New Jersey and have sued dozens of brokerage firms in the past.

View Brokercheck Report Here.

If you lost money with Jim Turpin or USA Financial, please Contact Us at 206-795-5798 for a free evaluation of your case.

NEW YORK, NY Are you a former customer of financial advisor Steven Schmitt from New York, New York? The investment fraud and securities arbitration law firm of Israels & Neuman is reviewing allegations made against this advisor, who previously worked with Morgan Stanley and is now with Raymond James.

Morgan Stanley was sued in FINRA arbitration in December 2023 regarding Mr. Schmitt’s conduct. It was alleged that he executed an unsuitable investment strategy in a customer’s account from 2018 to 2022. The investor allegedly lost $385,000 because of this strategy.

Steven W. Schmitt was with Morgan Stanley in New York from October 2016 to November 2022, and is currently with Raymond James in Paramus, New Jersey.

Morgan Stanley is a FINRA member firm and must have written supervisory and compliance procedures, under securities rules and regulations. If brokerage firms fail to reasonably supervise their advisors, they may be held liable for customer losses.

Israels & Neuman has represented numerous investors throughout New York and New Jersey and have sued dozens of brokerage firms in the past, recovering millions of dollars for investors who have suffered investment losses.

VIEW BROKERCHECK REPORT HERE.

If you lost money with Steven Schmitt or Morgan Stanley, please Contact Us at (206) 795-5798 for a free evaluation of your case.

PARAMUS, NEW JERSEY Did you invest with financial advisor Michael Brickman in Paramus, New Jersey? The securities and investment fraud law firm of Israels & Neuman is reviewing allegations against Michael Brickman, who previously worked with Pruco Securities (Prudential). He was barred from the securities industry by FINRA, according to FINRA’s Disciplinary Database.

Mr. Brickman voluntarily resigned from Pruco Securities while he was under an internal investigation for accepting checks from a client. That led to the FINRA investigation. After he failed to respond to FINRA’s investigation, he was barred.

Brickman was registered with Pruco Securities from May 2018 to August 2023. He worked in Paramus, New Jersey and was also the subject of a June 2023 customer complaint.

Israels & Neuman has recovered millions of dollars for investors in the past and have represented numerous investors in New Jersey.

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

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

Rodger Thomas was with SCF Securities from December 2016 to August 2018. He was also with Kovack Securities from August 2018 to October 2018 and has been with Newbridge Securities Corp. from October 2018 to the present. He has worked at branch offices in Livingston, New Jersey.

Brokerage firms like SCF Securities and Newbridge Securities Corp. have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; Phoenix, Arizona; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in New Jersey. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against SCF Securities.

View R. Thomas BrokerCheck Report

If you lost money with Rodger Thomas, GPB, SCF Securities, or Newbridge Securities Corp., contact the law firm of ISRAELS & NEUMAN at (720) 599-3505 or (206) 795-5798 for a Free evaluation of your case.

David Melilli was with SagePoint Financial from January 2010 to August 2019. He was also with Cambridge Investment Research from September 2019 to February 2020. He has worked at branch offices in Moorestown, New Jersey. Melilli was also the subject of three customer complaints, one of which alleges unauthorized trading in options.

Brokerage firms like SagePoint Financial have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; Phoenix, Arizona; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in New Jersey. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against SagePoint Financial and Cambridge Investment Research.

View D. Melilli BrokerCheck Report

If you lost money with David Melilli, Cambridge Investment Research, or SagePoint Financial, contact the law firm of ISRAELS & NEUMAN at (720) 599-3505 or (206) 795-5798 for a Free evaluation of your case.

Kenneth Welsh was with Wells Fargo from 2012 to July 2021. He has worked at branch offices in Fairfield, New Jersey. Welsh was also the subject of four customer complaints.

Brokerage firms like Wells Fargo have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; Phoenix, Arizona; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in New Jersey. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Wells Fargo.

View K. Welsh BrokerCheck Report

If you lost money with Kenneth Welsh or Wells Fargo, contact the law firm of ISRAELS & NEUMAN at (720) 599-3505 or (206) 795-5798 for a Free evaluation of your case.

Brian Reilly was with MML Investors Services from January 2020 to September 2021. He was also with Pruco Securities from February 2019 to December 2019 and with Morgan Stanley from December 2015 to July 2017. He has worked at branch offices in Warren, New Jersey.

Brokerage firms like MML Investors Services have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; Phoenix, Arizona; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in New Jersey. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against MML Investors Services.

Click to view Brian Reilly BrokerCheck Report

If you lost money with Brian Reilly or MML Investors Services, contact the law firm of ISRAELS & NEUMAN at (720) 599-3505 or (206) 795-5798 for a Free evaluation of your case.

Jeffrey Dampf was with PFS Investments (Primerica) from 2009 to September 2021. He has worked at branch offices in Totowa, New Jersey.

Brokerage firms like PFS Investments have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; Phoenix, Arizona; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in New Jersey. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against PFS Investments (Primerica).

View J. Dampf BrokerCheck Report

If you lost money with Jeffrey Dampf or PFS Investments, contact the law firm of ISRAELS & NEUMAN at (720) 599-3505 or (206) 795-5798 for a Free evaluation of your case.

Robert Lax was a registered representative of Park Avenue Securities from 1999 to May 2021. He has worked at branch offices in Paramus, New Jersey. Lax was affiliated with a number of businesses, including R&L Financial Services, Affordable Storage Solutions, Integrity Properties, and others.

Brokerage firms like Park Avenue Securities have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; Phoenix, Arizona; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in New Jersey. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Park Avenue Securities.

View BrokerCheck: Lax, Robert BrokerCheck 6.23.21

If you lost money with Robert Lax or Park Avenue Securities, contact the law firm of ISRAELS & NEUMAN at (720) 599-3505 or (206) 795-5798 for a Free evaluation of your case.

Jeffrey Gitterman was a registered representative of Triad Advisors from 2010 to June 2017. Gitterman has also been with Vanderbilt Securities from June 2017 to the present. He has worked at branch offices in Edison, New Jersey.

Brokerage firms like Triad Advisors have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; Phoenix, Arizona; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in New Jersey. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Triad Advisors.

View BrokerCheck: Gitterman, J. BrokerCheck 6.23.21

If you lost money with Jeffrey Gitterman or Triad Advisors, contact the law firm of ISRAELS & NEUMAN at (720) 599-3505 or (206) 795-5798 for a Free evaluation of your case.

Joseph E. Faherty has been a registered representative of Royal Alliance Associates from 2005 to the present. He has worked at branch offices in Old Tappan, New Jersey.

Brokerage firms like Royal Alliance Associates have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; Phoenix, Arizona; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in New Jersey. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Royal Alliance Associates.

Click to view BrokerCheck: Faherty, j BrokerCheck 6.11.21

If you lost money with Joseph Faherty or Royal Alliance Associates, contact the law firm of ISRAELS & NEUMAN at (720) 599-3505 or (206) 795-5798 for a Free evaluation of your case.