News Report 12/4/17

  1. 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 investor who suffered losses with Falcon, Aegis Capital, Global Strategic Investments, relating to unsuitability, unauthorized trading, excessive transactions or the handling of your investment portfolio please call the Investment Loss Recovery Team at 1-800-856-3352 for a no-cost consultation and review.
  2. Alonza Barnett, of Greensboro, North Carolina, was barred by FINRA over an alleged failure to respond to requests for information. Barnett was previously registered with Ameritas Investment Corp. and Barnett is believed to have had one or more customer complaints possibly alleging breach of fiduciary duty, conversion, and/or other impropriety possibly related to private securities transactions. It is also believed Barnett may have also been involved with outside business activity operating as a d/b/a called Dacthler Wealth Management. See FINRA brokercheck. If you are an investor who suffered losses with Barnett, Ameritas Investment Corp., or Dachtler Wealth Management relating to private securities transactions or the handling of your investment portfolio please call the Investment Loss Recovery Team at 1-800-856-3352 for a no-cost consultation and review.
  3. Patrick Maddren, a financial consultant registered with WestPark Capital, Inc. in Fort Lauderdale, Florida, and previously registered with Dawson James Securities, Inc., appears to be the subject of one or more customer complaints (and/or tax lien issues) some of which may relate to allegations involving unsuitable investment recommendations, unauthorized trading, or excessive transactions, churning, misrepresentations or other violations of securities laws or regulations. See FINRA brokercheck. If you are an investor who suffered losses with Maddren, WestPark Capital, Dawson James, relating to unsuitability, churning, unauthorized trading, excessive transactions or the handling of your investment portfolio please call the Investment Loss Recovery Team at 1-800-856-3352 for a no-cost consultation and review.
  4. Nadav Baum, a financial consultant who was registered with Janney Montgomery Scott, LLC in Pittsburg, Pennsylvania, and previously registered with BPU Investment Management, Inc. is the subject of multiple customer complaints or regulatory issues, some of which include allegations that may have involved unsuitable investment recommendations. In March 2017, it is believed that the New Jersey Bureau of Securities sanctioned Baum alleging a failure to comply with terms of a supervisory agreement. It is also believed that in or about 2009, FINRA alleged Baum was involved in discretionary trading without authorization in customer accounts, and he may have been fined and/or suspended at that time. See FINRA brokercheck. If you are an investor who suffered losses with Baum, Janney Montgomery, or BPU Investment Management relating to unauthorized trading or the handling of your investment portfolio please call the Investment Loss Recovery Team at 1-800-856-3352 for a no-cost consultation and review.
  5. John Leonard, a financial consultant registered with Wells Fargo Advisors in Toledo, Ohio, appears to be the subject of one or more customer complaints related to allegations that may have involved unsuitable investment recommendations. See FINRA brokercheck. If you are an investor who suffered losses with Leonard, or Wells Fargo, relating to unsuitability, or the handling of your investment portfolio please call the Investment Loss Recovery Team at 1-800-856-3352 for a no-cost consultation and review.
  6. Clement Chichester, a financial consultant previously registered with Western International Securities in Westlake Village, California, and previously registered with U.S. Bancorp, appears to have been barred by FINRA over claims or allegations relating to receiving customer funds, he was terminated by Western International Securities in October 2017 based on possible issues involving private securities transactions and/or selling away. See FINRA brokercheck. If you are an investor who suffered losses with Chichester, Western International relating to private securities transactions, selling away or the handling of your investment portfolio please call the Investment Loss Recovery Team at 1-800-856-3352 for a no-cost consultation and review.
  7. Brittney Sias, a financial consultant previously registered with Western International Securities in Westlake Village, California, and previously registered with U.S. Bancorp, appears to have been barred by FINRA over claims or allegations relating to receiving customer funds, he was terminated by Western International Securities in October 2017 based on possible issues involving private securities transactions and/or selling away. See FINRA brokercheck. If you are an investor who suffered losses with Sias, Western International relating to private securities transactions, selling away or the handling of your investment portfolio please call the Investment Loss Recovery Team at 1-800-856-3352 for a no-cost consultation and review.
  8. A class action case was filed in the United States District Court in the Southern District of New York against online brokerage firm, Interactive Brokers, LLC, on behalf of investors who had held certain portfolio margin accounts. The Complaint appears to allege that the firm violated FINRA rules and terms of the customer agreements. If you are an investor who suffered losses in your accounts from questionable activity, negligence, wrongdoing, or if you have other issues or questions related to the handling of your investment portfolio please call the Investment Loss Recovery Team at 1-800-856-3352 for a no-cost consultation and review.
  9. The SEC charged Florida penny stock operators with defrauding elderly investors. Two individuals were charged in connection with a penny stock scheme involving Florida entertainment companies and their  Spongebuddy  product. Joseph A. Rubbo and Angela Beckcom Rubbo Monaco, both of Coral Springs, Florida were charged. The offerings involved included VIP TV, LLC, and VIP Television, Inc. as well as The Spongebuddy, LLC. The U.S. Attorney in Colorado has also filed a parallel set of criminal charges as well. If you are an investor who suffered losses in your accounts from questionable activity, negligence, wrongdoing, or if you have other issues or questions related to the handling of your investment portfolio please call the Investment Loss Recovery Team at 1-800-856-3352 for a no-cost consultation and review.

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