News Update

On 1/12/18, FINRA fined three broker-dealer firms and an individual member $187,500 for municipal securities rule violations, including improper charges, trade reporting violations, supervisory failures, and unsuitable recommendations. Davenport & Co., George K. Baum & Co., Cantor Fitzgerald & Co., along with Todd Kimm were all fined by FINRA. Kimm was alleged to be involved […]

Daniel T. Fischer, a financial consultant previously with Four Points Capital Partners, LLC in Melville, New York, appears to be the subject of a December 2017 SEC Complaint alleging that Fischer and another Four Points Capital Partners financial consultant, Zachary S. Berkey, recommended a high cost in-and-out trading strategy that may have been unsuitable for

Jeffrey Wilson, a financial consultant registered with Wells Fargo Clearing Services in Las Cruces, New Mexico, appears to be the subject of one or more customer complaints related to oil and gas investments including energy stocks, master limited partnerships (MLPs) and other investment issues. See FINRA brokercheck. If you are an investor who suffered losses

Jerry Guttman (d/b/a Guttman Financial Group), a financial consultant previously registered with United Planners Financial Services of America in Phoenix, Arizona, was barred by FINRA relative to allegations involving the possible sales of $7 million worth of membership interests in six different LLC’s that may have been sold to 38 customers. United Planners discharged Guttman

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