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ALTON RANEY of LPL Financial Subject of Complaint for Excessive Commissions

Israels & Neuman, PLC — Tue, 20 Aug 2024 18:40:54 GMT

Alton Raney, Formerly of LPL Financial, Subject of Arkansas Securities Complaint

LITTLE ROCK, ARKANSAS Are you a former customer of Alton Raney, formerly with LPL Financial in Little Rock, Arkansas? The securities and investment fraud law firm of Israels & Neuman is reviewing allegations made by the Arkansas Securities Department against Alton B. Raney II.

Arkansas investigated Mr. Raney regarding allegations that he engaged in short-term trading of mutual funds in a customer’s accounts during 2022. It was alleged that the short-term trading of mutual funds with large upfront commissions caused unnecessary charges to the customer. See Complaint and BrokerCheck Report linked below.

Alton B. Raney II was a representative of LPL Financial in Little Rock, Arkansas from December 2018 to April 2023. He then joined St. Bernard Financial from September 2023 to May 2024 in Russellville. He also had a tax lien against him in 2023.

Pursuant FINRA Rule 3110, securities brokerage firms must adequately supervise their representatives. If firms like LPL Financial fail to provide sufficient supervision, the firms could be held responsible for financial damages.

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

View Complaint HERE View FINRA BrokerCheck Report HERE

MICHAEL GRANDE of Newbridge Securities COMPLAINTS

Israels & Neuman, PLC — Fri, 26 Apr 2024 18:29:28 GMT

Michael Grande, Formerly of Newbridge Securities, Subject of FINRA Complaint

FORT LAUDERDALE, FLORIDA Are you a former customer of Michael Grande, formerly with Newbridge Securities in Fort Lauderdale, Florida? Our law firm is reviewing allegations made by FINRA against this advisor. FINRA seeks to bar him from the securities brokerage industry in an April 2024 complaint because he failed to respond to a FINRA investigation.

FINRA investigated Grande regarding allegations that he engaged in short-term trading of mutual funds in his customers’ accounts between July 2017 and May 2022. He has not responded to written requests by FINRA as part of its investigation.

Michael Charles Grande held a securities brokerage license with Newbridge Securities from 2005 to May 2022.

Pursuant to FINRA Rule 8210, advisors must adequately and timely respond to FINRA investigations. Likewise, FINRA Rule 3110 requires securities brokerage firms to adequately supervise their representatives. If firms fail to provide sufficient supervision, they could be responsible for financial damages.

If you lost money with Michael Grande or Newbridge Securities, please Contact Us at 206-795-5798 for a free evaluation of your case.

View FINRA’s Complaint HERE View BrokerCheck Report HERE

ROBERT GLEASON Jr. of Cantella and Co. SUSPENDED for Churning

Israels & Neuman, PLC — Tue, 09 Apr 2024 15:53:35 GMT

Former Cantella & Co. advisor Robert Gleason Suspended

OWENSBORO, KENTUCKY Are you a former customer of stockbroker Robert Gleason Jr., formerly with Cantella & Co. in Owensboro, Kentucky? Gleason, who was affiliated with Cantella & Co. from November 2016 to December 201, was under investigation by the Financial Industry Regulatory Authority (FINRA) for potentially violating FINRA’s Regulation Best Interest rule.

According to the complaint, he violated Regulation Best Interest by excessively trading or churning a customer’s account. The customer had a turnover ratio of 12.93 with a cost-equity ratio of 28%. This means that the customer would have needed to earn a profit of 28% just to break even from the costs of trading.

Robert Gleason was fired by Cantella & Co. in December 2021. He was also the subject of two customer complaints, one of which was made in March 2022.

Our investment fraud law firm represents clients all over the country, including investors in Kentucky. We have represented over one thousand investors against numerous firms.

If you lost money with Robert Gleason or Cantella & Co., please Contact Us at 206-795-5798 for a free evaluation of your case.

View BrokerCheck report HERE View FINRA AWC HERE

TORY DUGGINS of Spartan Capital is SUSPENDED by FINRA

Israels & Neuman, PLC — Fri, 19 Jan 2024 20:01:31 GMT

Spartan Capital Stockbroker Tory Duggins Suspended by FINRA

NEW YORK, NY Did you lose money with financial advisor Tory Duggins, with Spartan Capital Securities in New York, New York? Our investment fraud law firm is reviewing claims made by FINRA against Tory Duggins. In January 2024, FINRA suspended him from the securities industry for 18 months.

FINRA’s AWC alleges that he excessively traded eight customers’ accounts in a span between December 2016 and April 2022. His trading generated over $343,000 in commissions while generating trading losses of $444,000. The accounts had cost-to-equity ratios ranging from 58% to 289%. An account with a 58% cost-to-equity ratio would need to earn a profit of 58% just to break even from the costs of trading.

From February 2016 to January 2024, Tory A. Duggins was a representative of Spartan Capital Securities. He worked in a New York City office. He was also the subject of four customer complaints and six tax liens or judgments.

Israels & Neuman is an investment fraud law firm that represents clients throughout the U.S., including investors in New York. We also have previously represented over one thousand investors against multiple securities brokerage firms around the country.

View FINRA AWC HERE. View BrokerCheck Report HERE.

If you lost money with Tory A. Duggins or Spartan Capital Securities, please Contact Us at 206-795-5798 for a free evaluation of your case.

DOUGLAS SOLINSKY of Newbridge Securities is SUSPENDED

Israels & Neuman, PLC — Sat, 01 Jul 2023 20:31:19 GMT

Douglas Solinsky, Formerly with Newbridge Securities Corp., Suspended by FINRA

NEW YORK, NY

Did you invest with Douglas Solinsky from New York, New York? The securities and investment fraud law firm of Israels & Neuman is reviewing claims made by FINRA, against Douglas B. Solinsky, who formerly was a representative of Newbridge Securities Corp. He was suspended by FINRA in June 2023 for four months, fined $10,000, and ordered to pay $27,622 in restitution to effected customers.

FINRA’s order alleged that Douglas Solinsky engaged in excessive trading between January 2017 and February 2019. Two of his clients had accounts with turnover ratios of 9, while the cost-to-equity ratio on those accounts was 26% and 29% respectively. An account with a cost-to-equity ratio of 26% means that the account had to earn a 26% profit just to break even from the costs of trading.

Douglas B. Solinsky had been with Newbridge Securities Corp. from 2008 to February 2019. He is now affiliated with Kingswood Capital. He worked in a New York City office. Solinsky’s BrokerCheck report also discloses six tax liens and a customer complaint.

Our investment fraud law firm represents investors throughout the country, including investors in New York. We also have previously represented investors against Newbridge Securities Corp.

View Solinsky’s BrokerCheck 6.30.23

View Solinsky’s FINRA AWC

If you lost money with Douglas Solinsky or Newbridge Securities Corp., please Contact Us at 206-795-5798 for a free evaluation of your case.

ZACHARY TAYLOR of Oppenheimer in Newport Beach, CA is Discharged

Israels & Neuman, PLC — Fri, 09 Jun 2023 17:30:32 GMT

Zachary Taylor Discharged with Oppenheimer & Company

NEWPORT BEACH, CALIFORNIA

Are you a former client of financial advisor Zachary Taylor, formerly with Oppenheimer & Company in Newport Beach, California? We are reviewing allegations that appear on Mr. Taylor’s BrokerCheck report. Zachary Taylor was discharged by Oppenheimer & Company in May 2023.

According to BrokerCheck, Zachary Ellis Taylor was discharged because he “was unable to provide sufficient documentary evidence to support his contention that he had authority for all trades in a client’s account”. Additionally, Taylor is the subject of an April 2022 customer complaint, where a customer alleged that Taylor engaged in unauthorized trading and made unsuitable investment recommendations.

Generally, financial advisors must get approval to buy and sell securities before each transaction, unless they have written authority to engage in discretionary trading. Taylor was employed with Oppenheimer & Company from August 2020 to May 2023, working in an Newport Beach, California branch. Taylor also previously worked with Merrill Lynch.

Our securities arbitration and investment fraud law firm represents clients all over the country, including investors in California. We have represented over one thousand investors against numerous firms, including against Oppenheimer & Company.

View Taylor, z BrokerCheck 6.9.23

If you lost money with Zachary Taylor or Oppenheimer & Company, please Contact Us at 206-795-5798 for a free evaluation of your case.

ALBERT DeGAETANO of Edward Jones Accused of Making Unauthorized Account Transactions

Israels & Neuman, PLC — Mon, 22 Nov 2021 17:10:18 GMT

BRECKSVILLE, OHIO Have you lost money with financial advisor Albert DeGaetano, formerly with Edward Jones in Brecksville, Ohio? We are looking into allegations made against Albert DeGaetano. DeGaetano was suspended from the securities industry for six months and fined $7,500 by FINRA. FINRA was investigating whether DeGaetano had exercised discretion in a customer’s account without written authority to do so. DeGaetano was alleged to have made 470 unauthorized transactions.

Albert DeGaetano was with Edward Jones from September 2015 to February 2019. He is now with Sowell Management. He has worked at branch offices in Brecksville, Ohio. DeGaetano has also been the subject of one customer complaint, and he was also fired by Edward Jones and another firm.

Brokerage firms like Edward Jones 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 Ohio. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Edward Jones.

Click here to view A. DeGaetano BrokerCheck Report

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

Investigation of LINA GARCIA and Insigneo Securities

Israels & Neuman, PLC — Sat, 20 Nov 2021 18:22:58 GMT

MIAMI, FLORIDA

Have you lost money with financial advisor Lina Garcia of Miami, Florida? We are looking into allegations made by the Securities and Exchange Commission (SEC) against Lina Maria Garcia. The SEC alleged that Garcia and her firm, UCB Financial Advisors, allocated profitable trades to themselves while allocating unprofitable trades to clients. Ramiro Sugranes was also named in the complaint. Sugranes and Garcia were alleged to have operated UCB Financial Advisors and were alleged to have engaged in “cherry picking”.

Lina Garcia was a financial advisor and registered representative of Insigneo Securities from 2010 to September 2021. She worked at a branch office in Miami, Florida.

Brokerage firms like Insigneo 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 Florida. Attorney David Neuman is licensed to practice law in Florida. Our attorneys have represented over one thousand investors against many brokerage firms in the past.

View L. Garcia BrokerCheck Report View R. Sugranes BrokerCheck Report

If you lost money with Lina Garcia or Insigneo Securities, please Contact Us at 720-599-3505 for a free evaluation of your case.

SEBASTIAN WYCZAWSKI of Joseph Stone Accused of Excessive Trading

Israels & Neuman, PLC — Tue, 09 Nov 2021 17:59:24 GMT

MANORVILLE, NEW YORK Have you lost money with financial advisor Sebastian Wyczawski, formerly with Joseph Stone Capital in Manorville, New York? We are looking into allegations made against Sebastian Wyczawski. Wyczawski was suspended from the securities industry for five months, fined $5,000, and ordered to pay $21,644 in restitution by FINRA. FINRA was investigating whether Wyczawski had been excessively trading or churning customer accounts.

Sebastian Wyczawski was with Joseph Stone Capital from July 2015 to September 2021. He has been with VCS Venture Securities from September 2021 to the present. He has worked at branch offices in Manorville, New York. Wyczawski has also been the subject of two customer complaints.

Brokerage firms like Joseph Stone Capital 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 York. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Joseph Stone Capital.

View S. Wyczawski BrokerCheck Report

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

LEONID YUROVSKY of Joseph Stone Accused of Churning Customer Accounts

Israels & Neuman, PLC — Thu, 14 Oct 2021 19:56:51 GMT

MINEOLA, NEW YORK Have you lost money with financial advisor Leonid Yurovsky, with Joseph Stone Capital in Mineola, New York? We are looking into allegations made against Leonid Yurovsky. Yurovsky has been the subject of an investigation by FINRA. FINRA is investigating whether Yurovsky had been excessively trading or churning customer accounts.

Leonid Yurovsky was with Joseph Stone Capital from April 2016 to the present. He has worked at branch offices in Mineola, New York. Yurovsky has also been the subject of an investigation by the Arkansas Securities Department in 2014.

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 York. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Joseph Stone Capital.

Read more on Leonid Yorovsky Previous Investigations

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

MARC REDA Involved in Allegations of Excessive Trading

Israels & Neuman, PLC — Wed, 16 Jun 2021 18:55:16 GMT

Marc Reda, with Spartan Capital Securities, Subject of FINRA Complaint NEW YORK, NY – Have you lost money with financial advisor Marc A. Reda of New York, New York? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Marc Reda. FINRA alleged that Reda made unsuitable recommendations by excessively trading (or churning) customers’ accounts. Reda had a strategy to trade ahead of corporate announcements, but FINRA deemed the trading to be too excessive.

Marc Reda has been a financial advisor and registered representative of Spartan Capital Securities from May 2016 to the present. He was also associated with PHX Financial. He worked at a branch office in New York, New York. Reda has been the subject of Twelve (12) customer complaints and was permitted to resign by PHX Financial in 2016.

Brokerage firms like Spartan Capital 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; Phoenix, Arizona; Seattle, Washington; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in New York in the past. Our attorneys have recovered millions of dollars for investors against many brokerage firms in the past.

Click to view FINRA Complaint: Reda, Marc FINRA Complaint

Click to view BrokerCheck: Reda, Marc BrokerCheck 6.16.21

If you lost money with Marc Reda or Spartan Capital Securities, please CONTACT US at (720) 599-3505 or (206) 795-5798 for a free evaluation of your case.