Investment Alert 8/24/2018

Raymond James Financial Advisor, Jason Brienen, Terminated

Jason Brienen was a Raymond James Financial Services, Inc. Advisor in Tallahassee, Florida who appears to have been terminated by Raymond James after allegations arose related to alleged rule violations and/or after requirements of a heightened supervision plan were not satisfied. See Financial Industry Regulatory Authority (FINRA) Brokercheck. Brokerage firms owe a duty to investor clients to properly supervise and monitor their employees. Supervisory responsibilities on the part of the firms are a critical component of the securities regulatory scheme. Firms and supervisors cannot ignore red flags and they have responsibilities to detect and prevent improper activity. If you are an investor who suffered losses involving Brienen, Raymond James, or in any way relating to the handling of your investment portfolio please call the Investment Loss Recovery Group at 1-800-856-3352 for a no-cost consultation and review, handling cases nationwide.

 

David Lerner Associates Broker, Scott Mass, Receives Complaint Involving Puerto Rico Bonds

Scott Mass a David Lerner Associates, Inc. Financial Advisor in Syosset, New York who appears to have made investment recommendations related to Puerto Rico bond investments. See FINRA Brokercheck. Brokerage firms owe a duty to investor clients to properly supervise and monitor their employees. Supervisory responsibilities on the part of the firms are a critical component of the securities regulatory scheme. Firms and supervisors cannot ignore red flags and they have responsibilities to detect and prevent improper activity. If you are an investor who suffered losses with Mass, David Lerner Associates relating to Puerto Rico Bonds, or if you have any questions related to the handling of your investment portfolio please call the Investment Loss Recovery Group at 1-800-856-3352 for a no-cost consultation and review, handling cases nationwide.

 

Customer Complains John Moran at RBC Capital Allegedly Recommended Excessive Trading

John Moran, a RBC Capital Markets Financial Advisor in New York, New York appears to have a customer complaint disclosure. See Financial Industry Regulatory Authority (FINRA) Brokercheck. The allegations include Moran supposedly recommending excessive trading, improper option trading, and/or over-concentration of bond investments, as well as possible negligent supervision. Brokerage firms owe a duty to investor clients to properly supervise and monitor their employees. Supervisory responsibilities on the part of the firms are a critical component of the securities regulatory scheme. Firms and supervisors cannot ignore red flags and they have responsibilities to detect and prevent improper activity. If you are an investor who suffered losses involving options trading, excessive trading, bond investments, or any recommendations received from Moran or RBC Capital in any way relating to the handling of your investment portfolio please call the Investment Loss Recovery Group at 1-800-856-3352 for a no-cost consultation and review, handling cases nationwide.

 

The Leaders Group in Littleton, Colorado Discharged Jun Zhou a/k/a Justine Zhou

Jun Zhou a/k/a Justine Zhou, a former The Leader’s Group registered Financial Advisor in Littleton, Colorado appears to have been discharged by The Leader’s Group based on events related to the Zhou Fund, LLC filings which supposedly had not been reported to or approved by The Leader’s Group. See FINRA Brokercheck. Brokerage firms owe a duty to investor clients to properly supervise and monitor their employees. Supervisory responsibilities on the part of the firms are a critical component of the securities regulatory scheme. Firms and supervisors cannot ignore red flags and they have responsibilities to detect and prevent improper activity. If you are an investor who suffered losses involving Zhou Fund, LLC, Jun Zhou, Justine Zhou, The Leader’s Group or in any way relating to the handling of your investment portfolio please call the Investment Loss Recovery Group at 1-800-856-3352 for a no-cost consultation and review, handling cases nationwide.

 

American Finance Trust, Inc. (AFIN) Price Drop

American Finance Trust, Inc. (AFIN) first sold at or about $25.00/share and that price has now dropped by as much as $10/share less than many investors originally paid to purchase the investment. AFIN is structured as a Real Estate Investment Trust (REIT) investment. As recent as June 2018, pricing was still being reported over $23.00/share, but after recently trading publicly the price appears to have dropped significantly in the last couple of months. If you are an investor who suffered losses involving AFIN or in any way relating to the handling of your investment portfolio please call the Investment Loss Recovery Group at 1-800-856-3352 for a no-cost consultation and review, handling cases nationwide.

 

Customer Complaint Filed Against Michael P. Nixon of Paulson Investment Company

Michael P. Nixon a Financial Advisor registered with Paulson Investment Company, LLC in Tampa, Florida (and previously registered with Newport Coast Securities in Leesburg, Virginia) reported a customer complaint disclosure alleging possible fraud, breach of fiduciary duty, unsuitable investment recommendations, and/or negligent supervision. See Financial Industry Regulatory Authority (FINRA) Brokercheck. FINRA requires brokers and brokerage firms to publicly disclose reportable events (including material customer complaints, IRS tax liens, judgments, certain criminal matters, etc.) on the Central Registration Depository (CRD) system. Brokerage firms owe a duty to investor clients to properly supervise and monitor their employees. Supervisory responsibilities on the part of the firms are a critical component of the securities regulatory scheme. Firms and supervisors cannot ignore red flags and they have responsibilities to detect and prevent improper activity. If you are an investor who suffered losses involving unsuitable investment recommendations, Nixon, Paulson Investment Company, Newport Coast Securities or in any way relating to the handling of your investment portfolio please call the Investment Loss Recovery Group at 1-800-856-3352 for a no-cost consultation and review, handling cases nationwide.

Customer Complaint Alleged Against VSR Financial Services Broker Scott Kaup

Scott Kaup, a Financial Advisor registered with VSR Financial Services in Stuart, Nebraska reported a customer complaint disclosure alleging possible unsuitable investment recommendations, and/or negligent supervision related to real estate securities and/or direct investments. See Financial Industry Regulatory Authority (FINRA) Brokercheck. FINRA requires brokers and brokerage firms to publicly disclose reportable events (including material customer complaints, IRS tax liens, judgments, certain criminal matters, etc.) on the Central Registration Depository (CRD) system. Brokerage firms owe a duty to investor clients to properly supervise and monitor their employees. Supervisory responsibilities on the part of the firms are a critical component of the securities regulatory scheme. Firms and supervisors cannot ignore red flags and they have responsibilities to detect and prevent improper activity. If you are an investor who suffered losses involving unsuitable investment recommendations, Kaup, VSR Financial, real estate securities, direct investments, or in any way relating to the handling of your investment portfolio please call the Investment Loss Recovery Group at 1-800-856-3352 for a no-cost consultation and review, handling cases nationwide.

 

Customer Complaint Alleged Against Wells Fargo Clearing Services Broker Frank Veteran

Frank Veteran, a Financial Advisor registered with Wells Fargo Clearing Services in New York, New York reported a customer complaint disclosure alleging possible unsuitable investment recommendations and/or unauthorized transactions. See Financial Industry Regulatory Authority (FINRA) Brokercheck. FINRA requires brokers and brokerage firms to publicly disclose reportable events (including material customer complaints, IRS tax liens, judgments, certain criminal matters, etc.) on the Central Registration Depository (CRD) system. Brokerage firms owe a duty to investor clients to properly supervise and monitor their employees. Supervisory responsibilities on the part of the firms are a critical component of the securities regulatory scheme. Firms and supervisors cannot ignore red flags and they have responsibilities to detect and prevent improper activity. If you are an investor who suffered losses involving unsuitable investment recommendations, unauthorized transactions, Frank Veteran, Wells Fargo or in any way relating to the handling of your investment portfolio please call the Investment Loss Recovery Group at 1-800-856-3352 for a no-cost consultation and review, handling cases nationwide.

 

 

Customer Complaint Alleged Against David Lerner Associates Broker Robert S. Cavanagh a/k/a Bob Holt

Robert S. Cavanagh a/k/a Bob Holt, a Financial Advisor registered with David Lerner Associates in Syosset, New York reported a customer complaint disclosure alleging possible negligence, breach of fiduciary duty, unsuitable investment recommendations, and/or misrepresentation related to Puerto Rico securities and Rochester Bond Fund. See Financial Industry Regulatory Authority (FINRA) Brokercheck. FINRA requires brokers and brokerage firms to publicly disclose reportable events (including material customer complaints, IRS tax liens, judgments, certain criminal matters, etc.) on the Central Registration Depository (CRD) system. Brokerage firms owe a duty to investor clients to properly supervise and monitor their employees. Supervisory responsibilities on the part of the firms are a critical component of the securities regulatory scheme. Firms and supervisors cannot ignore red flags and they have responsibilities to detect and prevent improper activity. If you are an investor who suffered losses involving unsuitable investment recommendations, Cavanagh, Holt, David Lerner Associates, Puerto Rico securities, Rochester Bond Fund or in any way relating to the handling of your investment portfolio please call the Investment Loss Recovery Group at 1-800-856-3352 for a no-cost consultation and review, handling cases nationwide.

 

 

Customer Complaint Alleged Against National Securities Corporation Broker Kevin R. Wilson

Kevin R. Wilson, a Financial Advisor registered with National Securities Corporation in New York, New York (and previously registered with Laidlaw & Company in New York, New York) reported a customer complaint disclosure alleging possible unsuitable investment recommendations, and/or over-concentration. See Financial Industry Regulatory Authority (FINRA) Brokercheck. FINRA requires brokers and brokerage firms to publicly disclose reportable events (including material customer complaints, IRS tax liens, judgments, certain criminal matters, etc.) on the Central Registration Depository (CRD) system. Brokerage firms owe a duty to investor clients to properly supervise and monitor their employees. Supervisory responsibilities on the part of the firms are a critical component of the securities regulatory scheme. Firms and supervisors cannot ignore red flags and they have responsibilities to detect and prevent improper activity. If you are an investor who suffered losses involving unsuitable investment recommendations, over-concentration, Wilson, National Securities Corporation, Laidlaw & Co. or in any way relating to the handling of your investment portfolio please call the Investment Loss Recovery Group at 1-800-856-3352 for a no-cost consultation and review, handling cases nationwide.

 

Customer Complaint Alleged Against Ameriprise Financial Services Broker Robert J. Roth

Robert J. Roth, a Financial Advisor registered with Ameriprise Financial Services in Gold River, California reported a customer complaint disclosure alleging possible breach of fiduciary duty and/or negligence. See Financial Industry Regulatory Authority (FINRA) Brokercheck. FINRA requires brokers and brokerage firms to publicly disclose reportable events (including material customer complaints, IRS tax liens, judgments, certain criminal matters, etc.) on the Central Registration Depository (CRD) system. Brokerage firms owe a duty to investor clients to properly supervise and monitor their employees. Supervisory responsibilities on the part of the firms are a critical component of the securities regulatory scheme. Firms and supervisors cannot ignore red flags and they have responsibilities to detect and prevent improper activity. If you are an investor who suffered losses involving breach of fiduciary duty, negligence, Roth, Ameriprise Financial or in any way relating to the handling of your investment portfolio please call the Investment Loss Recovery Group at 1-800-856-3352 for a no-cost consultation and review, handling cases nationwide.

 

Former LPL Financial Broker, Philip Nalesnik, Terminated

Philip Nalesnik, a Financial Advisor previously registered with LPL Financial in Pottsville, Pennsylvania reported termination of Nalesnik alleging violation of firm policies and procedures including a purported failure to timely and completely respond to firm inquiries. Also note, Nalesnik’s public disclosures also appear to include tax liens and other disclosures. See Financial Industry Regulatory Authority (FINRA) Brokercheck. FINRA requires brokers and brokerage firms to publicly disclose reportable events (including material customer complaints, IRS tax liens, judgments, certain criminal matters, etc.) on the Central Registration Depository (CRD) system. Brokerage firms owe a duty to investor clients to properly supervise and monitor their employees. Supervisory responsibilities on the part of the firms are a critical component of the securities regulatory scheme. Firms and supervisors cannot ignore red flags and they have responsibilities to detect and prevent improper activity. If you are an investor who suffered losses involving Nalesnik, LPL Financial or in any way relating to the handling of your investment portfolio please call the Investment Loss Recovery Group at 1-800-856-3352 for a no-cost consultation and review, handling cases nationwide.

 

 

Former Cetera Advisors Broker, Scott Kozak, Terminated

Scott Kozak, a Financial Advisor previously registered with Cetera Advisors in Highland Ranch, Colorado, reported termination of Kozak alleging potential violation of firm policies and procedures related to private securities transactions and/or outside business activities. See Financial Industry Regulatory Authority (FINRA) Brokercheck. FINRA requires brokers and brokerage firms to publicly disclose reportable events (including material customer complaints, IRS tax liens, judgments, certain criminal matters, etc.) on the Central Registration Depository (CRD) system. Brokerage firms owe a duty to investor clients to properly supervise and monitor their employees. Supervisory responsibilities on the part of the firms are a critical component of the securities regulatory scheme. Firms and supervisors cannot ignore red flags and they have responsibilities to detect and prevent improper activity. If you are an investor who suffered losses involving Kozak, Cetera Advisors or in any way relating to the handling of your investment portfolio please call the Investment Loss Recovery Group at 1-800-856-3352 for a no-cost consultation and review, handling cases nationwide.

 

 

Customer Complaint Alleged Against Newbridge Securities Broker Stephen J. Sullivan

Stephen J. Sullivan, a Financial Advisor currently registered with SW Financial in Melville, New York, (previously registered with Newbridge Securities in New York, New York) reported a customer complaint. See Financial Industry Regulatory Authority (FINRA) Brokercheck. FINRA requires brokers and brokerage firms to publicly disclose reportable events (including material customer complaints, IRS tax liens, judgments, certain criminal matters, etc.) on the Central Registration Depository (CRD) system. Brokerage firms owe a duty to investor clients to properly supervise and monitor their employees. Supervisory responsibilities on the part of the firms are a critical component of the securities regulatory scheme. Firms and supervisors cannot ignore red flags and they have responsibilities to detect and prevent improper activity. If you are an investor who suffered losses involving Sullivan, Newbridge Securities, SW Financial or in any way relating to the handling of your investment portfolio please call the Investment Loss Recovery Group at 1-800-856-3352 for a no-cost consultation and review, handling cases nationwide.

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