Kenneth Jones, a financial consultant previously registered with Aegis Capital Corporation in New York, New York, appears to have been terminated in May 2017 after an investigation that may have involved a failure to properly disclose outside business activities. Jones also appears to have since been barred by FINRA after failing to provide documents and …
Paul Falcon, a financial consultant registered with Aegis Capital Corporation in Boca Raton, Florida, and previously registered with Global Strategic Investments, LLC, appears to be the subject of one or more customer complaints related to allegations that may have involved unsuitable investment recommendations, unauthorized trading, and/or excessive transactions. See FINRA brokercheck. If you are an …
On 11/20/17, Investmentnews.com reported that a retired Morgan Stanley representative was fined for unsuitable investment advice. FINRA fined Timothy Thomas Gibbons $20,000 and suspended him from the securities industry alleging five elderly customers invested high percentages of their portfolio in a single risky energy stock. The five customers ranged in age from age 72 to …
Leon Rehak, a financial consultant with LPL Financial in Pompano Beach, Florida, and previously with Raymond James & Associates, has had customer complaints including allegations of excessive trading, churning, unauthorized trading breach of fiduciary duty, and other allegations and claims. See FINRA brokercheck. If you are an investor who suffered losses with Rehak, LPL Financial, …
The New Jersey Bureau of Securities has fined LPL Financial almost $1 million for unsuitable REIT and BDC sales. According to InvestmentNews, LPL Financial allegedly let its brokers sell excessive amounts of alternative investments and failed to supervise its brokers concerning suitability requirements tied to the sale of illiquid alternative investments. New Jersey fined LPL …