Robert Buffington (CRD#:5220332) is a previously registered broker whose last employer was Aegis Capital Corp. (CRD# 15007) of New York, NY. Prior employers include Gunnallen Financial, Inc (CRD#:17609), Maxim Group LLC (CRD#:120708) and Bear, Stearns & Co. Inc. (CRD#:79), all of New York. He has been in the industry since…
Articles Posted in Churning
David Weisberg, Former Worden Capital Management LLC Broker, Suspended By FINRA
David Weisberg is a currently suspended broker who was last registered with Worden Capital Management LLC in New York, New York. Weisberg was suspended by FINRA for findings that he “engaged in excessive and unsuitable trading in the account of an elderly customer.” Before working at Worden Capital Management LLC…
Did Your Stockbroker Churn Your Account?
One of the most common claims from unhappy investors is against stockbrokers who churn or excessively trade their account to generate commissions for themselves. Every dollar spent on fees, costs, or commissions is money that needs to be recovered through profit just for the investor to break even. The higher…
Demos Argyros, Broker With Oppenheimer & Co., Subject Of 5 Disclosures
Demos Argyros (CRD#: 1325219), a currently-registered broker working for Oppenheimer & Co. (CRD# 249) in St. Louis, Missouri, is the subject of 5 disclosures on his FINRA BrokerCheck report. Argyros has been in the industry since 1985 and was previously registered at CIBC World Markets Corp. (CRD#: 630), Kemper Securities…
James Schwartz Barred By FINRA After Churning Customer Accounts
James Schwartz (CRD# 3043085) is a former registered broker whose last employer was Joseph Gunnar & Co. LLC (CRD#:24795) of New York, NY. Previous employers include First Standard Financial Company LLC (CRD#:168340) of Garden City, NY, and Aegis Capital Corp. (CRD#:15007) of Melville, NY. He has been in the industry…
Former Morgan Stanley Broker Claims FINRA Suit Reflects Industry’s Overall Discrimination Against Women
FINRA has alleged that in 2011 and 2012, Ami Forte engaged in unsuitable trading with the account of a client who was very near death. With this account, Forte generated more than $9 million in commissions in less than a year. In 2016, Forte was fired by Morgan Stanley after…
FINRA Suspends Broker Gabriel Block, Permanent Bar Pending
Gabriel Block (CRD#: 2103543, aka Gabe Block) is a former registered broker and investment advisor whose last employer was First Standard Financial Company LLC (CRD#:168340) of Red Bank, NJ. His previous employers include National Securities Corporation (CRD#:7569) and Oppenheimer & Co. Inc. (CRD#:249), both of Red Bank, as well as…
Cetera Fined $1.4M For Churning Broker
You may have heard the term “churning” in discussions of investments and securities. But you probably won’t know what it means unless you’ve actually experienced it. (Hint: it has nothing to do with butter.) “Churning” is when a broker and/or firm conducted extra trading in your account for the sole…
Devin McCabe Accused Of Churning And Trading Allegations
Devin Michael McCabe (CRD#: 5645799) is a registered broker currently employed with Westpark Capital, Inc. (CRD#:39914) of Fort Lauderdale, FL. He was previously employed by Laidlaw & Company (UK) LTD. (CRD#:119037), Sterne Agee Financial Services, Inc. (CRD#:18456), and Emmett A Larkin Company, Inc. (CRD#:6625), all of Fort Lauderdale. He has…
Jonathan Ebel Subject Of Three Disclosures On His BrokerCheck Report
Jonathan Ebel (CRD#: 5902719) is a registered broker currently employed with Laidlaw & Company (UK) LTD. (CRD#:119037) of Melville, NY. He was previously employed with Rockwell Global Capital LLC (CRD#:142485) and Ekn Financial Services Inc. (CRD#:113525), also of Melville. He has been in the industry since 2011. Ebel is currently…