Articles Posted in Securities Arbitration

Fraud, misappropriation of funds, and criminal charges—this New York broker is in serious trouble. The subject of numerous customer disputes, Frederick Monroe has been barred from associating with acting as a broker or otherwise associating with firms that sell securities to the public. Frederick Monroe began his career in the…

This is the fourth complaint filed against the Raymond James broker Martin “Skip” Waldman of Boca Raton, Florida. Boca Raton broker Martin Waldman now faces yet another client complaint. In his 13 years in the securities industry, Waldman has several reported disclosure events on his professional track record. Waldman has…

Paul Posillico, a New York stock broker, is no longer licensed. After ten years in the securities industry, Paul Posillico has been permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public. Although his barring occurred in June of 2015, Posillico was…

David Burke has been barred by FINRA. David Burke failed to respond the requests from FINRA for information, and as a result has been permanently barred from the securities industry. Accused of selling away, which means that Burke solicited clients to purchase securities not held or offered by his member…

Failure to respond to FINRA’s request regarding customer loan ends securities career. In August 2015, Princor Financial Services Corp. broker Rick Esparza consented to findings he borrowed money from his client. The California broker allegedly made numerous withdrawals from his client’s variable annuity totaling a personal loan of $67,500. When…

Three most recent complaints involve allegations of suitability With almost 40 years in the securities industry, Child has a total of 14 disclosure events reported on his BrokerCheck record. Many events consist of customer disputes as to Child’s actions relating to customer brokerage accounts. The three most recent complaints involve…

If you invested funds with Bernard Parker at Edward Jones, you need to keep reading. Most recently registered with Edward Jones in Indiana, PA, Bernard Parker is now permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public. According to his FINRA…

Former Dynasty Capital Partners broker ends 15-year career with numerous customer disputes. After 17 years as a financial adviser, Raymond T. Clark has been permanently barred from the securities industry. This permanent bar follows Clark’s failure to pay fines and/or costs associated with a FINRA complaint. The complaint also alleges…

Connecticut broker agrees to one-month suspension and $7500 fine. Leon Vaccarelli, a stockbroker registered with the Investment Center, was recently suspended from participating in the securities industry for one month and paid a $7500 fine to regulatory agency FINRA. According to the report, registered representatives are prohibited from exercising discretion…

Other allegations include unsuitable investments and unauthorized trading. In the securities industry for 28 years, New York broker David J. Sullivan is the subject of yet another customer complaint against his behavior as a securities broker. This most recent complaint alleges that on or about September 2011 through approximately December…