The tally of investors seeking compensation from their broker-dealer for losses incurred on account of their unsuitable recommendation of Northstar Financial Services (Bermuda), which has filed for bankruptcy and is undergoing liquidation proceedings. keeps rising. The latest is an elderly investor from Venezuela who is seeking a six-figure sum as compensation from his brokerage firm […]
UBS Wealth Management lost a couple of key FINRA arbitration cases this past week on Yield Enhancement Strategy (known as YES). The full $269,337.09 loss plus prejudgment interest of $45,009.80, to Robert and Marcia Shinbrot. The full $421,868.58 loss plus prejudgment interest of $70,499.93, to Nicholas and Brigit Trentalange. In addition, all costs and fees,
UBS Loses Big Claim On Yield Enhancement Strategy (YES) Read More »
Ethan Binnion is currently not a registered representative of any broker-dealer but was associated with Waddell and Reed. This was after he had been discharged from his previous firm, Edward Jones, on account of “using money from his Business Expense Plan (BEP) … in violation of the terms of the plan,” as per FINRA (Financial
Edward Jones Advisor Ethan Binnion Suspended Read More »
With a history dating back to 1984, Todd Petersen is a veteran of the securities industry. However, it is his recent history, with eight customer disputes logged on his BrokerCheck Record in 2020, that is attracting attention, for the wrong reasons. He was discharged by SCF Securities, Inc. with whom he was a registered representative
SCF Securities Advisor Todd Petersen Complaints Read More »
According to the Financial Industry Regulatory Authority (FINRA), Eugene Arthur McAdams (C.R.D. #: 419021), a broker with Joseph Stone Capital, has reportedly been barred from working in the securities industry. FIRNA claims they barred McAdams after he purportedly refused to provide on-the-record testimony as requested by the regulator. FIRNA is investigating the suitability of the
Joseph Stone Capital Financial Advisor Eugene McAdams Barred Read More »