NEW YORK, NY Are you a former client of financial advisor Christopher Harrington, who had been a representative of Laidlaw & Company in New York, New York? Our investment fraud law firm is looking into allegations made against Christopher Harrington.

FINRA’s BrokerCheck shows that Christopher Harrington was suspended for nine months starting in July 2023. FINRA alleged that Harrington recommended the purchase of market-linked investments to a disabled customer and then recommended the sale of those market-linked investments a short time later. This generated unnecessary fees and expenses for the customer. Harrington was alleged to have engaged in excessive short-term trading that incurred losses for the customer.

From October 2012 to October 2022, Christopher F. Harrington was an affiliated of Laidlaw & Company in New York City. Harrington was also the subject of a 2011 customer complaint that was closed without any action.

Harrington and Laidlaw & Company are bound by FINRA Rules, such as FINRA Rule 2111. This rule states that stockbrokers have to make suitable investment recommendations. Rule 2111 also provides that trades must be quantitatively suitable – that trades, taken together, are proper for a customer. Trading accounts with high cost-to-equity ratios is likely unsuitable because it makes it nearly impossible for an account to make a profit.

Israels & Neuman represent investors in FINRA arbitration proceedings all over the country. Our attorneys have represented over one thousand investors against many brokerage firms in the past.

VIEW Harrington, C. Brokercheck 8.6.23

If you lost money with Christopher Harrington or Laidlaw & Company, contact the law firm of ISRAELS & NEUMAN at (206) 795-5798 for a Free evaluation of your case.

STATEN ISLAND, NEW YORK

Were you a customer of advisor Ricardo Rose, with Arive Capital Markets in Staten Island, New York? Ricardo Rose also known as Richard Rose, has been in the securities industry since 2000 and has been the subject of four customer complaints. Three of those complaints have been made since October 2022.

The three complaints each involve different products – one involves investments in GWG, one involves viatical settlements, and one complaint involves a real estate investment. The latter two complaints have named J.P. Turner & Company as a party, which is a brokerage firm that Ricardo Rose worked for from 2008 to October 2015.

Ricardo Rose or Richard Rose has been with Arive Capital Markets since October 2015. He works in a Staten Island, New York office. He also worked with Alexander Capital from December 2015 to November 2016.

GWG has filed for bankruptcy, and investors have suffered significant losses in GWG. Viatical settlements often invest in life insurance policies and can carry significant risk. Advisors who make unsuitable investment recommendations to customers could potentially be liable for these recommendations.

We represent clients all over the country, including investors in New York. We have recovered millions of dollars through FINRA Arbitration and Mediation for investors against numerous firms, including J.P. Turner & Company.

View Rose, r Brokercheck 4.19.23

If you lost money with Ricardo Rose, J.P. Turner & Company, or Arive Capital Markets, please Contact Us at 206-795-5798 for a free evaluation of your case.

NEW YORK, NY

Did you lose money with financial advisor Brian Wurdemann, formerly with RBC Capital Markets in New York, New York? Mr. Wurdemann was barred by FINRA after he failed to comply with an arbitration award, and was sued by his former brokerage firm, RBC Capital Markets.

Brian Wurdemann is also the subject of a recent customer complaint. The complaint alleges that the customer provided a loan to Wurdemann, and that he failed to repay the loan as promised. Generally, financial advisors are not allowed to borrow money from customers, with limited exceptions. Wurdemann was also the subject of seven other customer complaints during his career in the securities brokerage industry.

Brian Wurdemann had worked with RBC Capital Markets in New York City from May 2017 to May 2022. He was also the subject of a FINRA investigation in November 2022 after he failed to respond to a FINRA investigation.

FINRA Rule 8210 mandates that financial advisors respond to FINRA investigations. In addition, Brokerage Firms must adequately supervise the conduct of its advisors, per FINRA Rule 3110.

Our securities arbitration law firm represents clients all over the country, including investors in New York. We have recovered millions of dollars for investors against numerous firms, including against RBC Capital Markets.

View Wurdemann, b BrokerCheck 4.19.23

If you lost money with Brian Wurdemann or RBC Capital Markets, please Contact Us at 206-795-5798 for a free evaluation of your case.

NEW YORK, NY

Did you have investments with financial advisor Peter Girgis, who was formerly licensed with SW Financial in New York, New York? The securities and investment fraud law firm of Israels & Neuman is examining allegations made by customers of Peter Girgis.

Peter Girgis had been a representative of SW Financial from December 2019 to September 2022 in SW Financial’s New York City office. A customer complaint was filed in August 2022, alleging that he excessively traded an account and make unsuitable investment recommendations. The unsuitable trading allegedly led to over $1 million in losses. Girgis has also been the subject of eight other customer complaints during his career in the securities brokerage industry. He’s also been the subject of four regulatory investigations, as well as being fired by another firm in 2013.

As a licensed stockbroker, Girgis had obligations to follow FINRA rules, including FINRA’s suitability rule, Rule 2111. Likewise, brokerage firms like SW Financial are required to adequately monitor the conduct of their advisors. Violations of these rules can lead to financial liability for the broker or firm.

Our law firm represent investors in FINRA arbitration proceedings all over the country, including in New York. Our attorneys have recovered millions of dollars for investors against many brokerage firms in the past.

View Girgis, p BrokerCheck 3.1.23

If you lost money with Peter Girgis or SW Financial, contact the law firm of ISRAELS & NEUMAN at (206) 795-5798 for a Free evaluation of your case.

CORAM, NEW YORK Have you lost money while investing with financial advisor Mirsad Muharemovic, who previously worked with Arive Capital Markets in Coram, New York? Our securities arbitration law firm is looking into claims made against Mirsad Muharemovic. FINRA has been investigating whether Muharemovic had been excessively trading or churning a customer’s account.

FINRA’s AWC with Muharemovic alleges that he excessively traded two customer accounts between August 2016 and March 2019. The turnover ratio for both accounts was above what was considered to be excessive.

The cost-to-equity ratio of the two accounts was 54% and 74%, respectively. An account with a 54% cost-to-equity ratio means that the account had to make 54% just to break even from the costs of trading. To settle these allegations, Muharemovic agreed to a nine-month suspension, a $5,000 fine, and $211,000 in restitution to the affected customers. Brokers who are required to pay large amounts of restitution rarely comply with orders like these.

Mirsad Muharemovic was a representative of Arive Capital Markets in a Coram, New York office from June 2016 to November 2022. There are also three customer complaints made against Muharemovic.

Stockbrokers must follow FINRA’s rules, including Rule 2111. This rule provides that brokers have to make suitable investment recommendations. Rule 2111 also includes that trades are quantitatively suitable – that trades, taken together, are proper for a customer. Trading accounts with high cost-to-equity ratios is likely unsuitable because it makes it nearly impossible for an account to make a profit.

Israels & Neuman has offices in Denver, Colorado; Seattle, Washington; Phoenix, Arizona; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings all over the country. Our attorneys have represented over one thousand investors against many brokerage firms in the past.

View Muharemovic, m BrokerCheck 12.8.22

View Muharemovic, m FINRA AWC

If you lost money with Mirsad Muharemovic or Arive Capital Markets, contact the law firm of ISRAELS & NEUMAN at (720) 599-3505 or (206) 795-5798 for a Free evaluation of your case.

NEW YORK, NY

Are you a current or former customer of advisor Jay Sheth at National Securities Corp.? The investment fraud and securities arbitration law firm of Israels & Neuman is looking into allegations made by FINRA (the Financial Industry Regulatory Authority) against Jay Sheth, who worked in New York City. Jay Sheth was recently suspended by FINRA for three months regarding allegations he made payments to customers to compensate them for investment losses.

Pursuant to FINRA Rule 2150 a member or representative cannot share in a customer’s losses without written authorization from the brokerage firm. Sheth allegedly made 21 payments totaling $71,581 to 11 customers of National Securities Corp. between 2016 and 2018. To settle these allegations, Sheth agreed to a three month suspension and a $20,000 fine.

Jay Sheth had been a financial advisor with National Securities Corp. from 2004 to April 2022. He has also been the subject of at least two customer complaints, one of which alleges $2.5 million in losses. Sheth worked at an office in New York, New York.

Firms like National Securities Corp. have a duty to supervise their advisors to ensure that they comply with FINRA rules, including suitability obligations. If the advisor and/or brokerage firm fail in this respect, they can be responsible for investors’ damages.

Israels & Neuman is a securities arbitration law firm with offices in Denver and Seattle, but we represents investors all over the country. We have represented over 1,000 investors in the past, including investors who have sued National Securities Corp.

View FINRA AWC: Sheth, j FINRA AWC

View BrokerCheck: Sheth, j BrokerCheck 4.8.22

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