Articles Posted in Unauthorized Trading

A Financial Industry Regulatory Authority (FINRA) arbitration panel awarded a customer of Christopher Bennett of Hillard Lyons damages of $445,000 after the claimant alleged Bennett engaged in breach of fiduciary duty, unauthorized trading, suitability, churning, misrepresentation, omission of facts, common law negligence, fraud, failure to supervise, common law negligent supervision…

Silver Law Group is investigating former Stifel, Nicolaus & Company, Inc. (“Stifel Nicolaus”) broker Coleman Joseph Devlin (“Devlin”) for allegations of executing trades in customer accounts without first obtaining authorization from the customers. Devlin was employed by Stifel Nicolaus’ Baltimore, Maryland office prior to his termination in June 2016. The…

The Silver Law Group in collaboration with the Law Firm of David Chase recently filed a FINRA arbitration claim on behalf of a legally blind 86-year old customer against Moloney Securities Co. and its broker, Joseph Weinrich, which alleges counts of unsuitability, unauthorized trading and churning, and seeks the recovery…

Jason N. Anderson CRD#4370191 Silver Law Group is investigating former Beaumont, Texas-based LPL Financial broker Jason Anderson following a customer complaint alleging unauthorized trading, churning, and mismanagement in customers accounts. According to FINRA’s BrokerCheck report on Anderson, a complaint was received in December of 2016 alleging that Anderson had engaged…

John M. Schneider CRD#2360548 Silver Law Group is investigating former Pittsburgh, PA-based PWA Securities broker John Schneider following a customer complaint alleging unauthorized investment activity and unsuitable investment recommendations. According to FINRA’s BrokerCheck report on Schneider, a complaint was received in July of 2016 alleging that Scheider had provided unsuitable…

Kim D. Isaacson CRD#855618 Silver Law Group is investigating former Midvale, Utah based Ameriprise Financial Services, Inc broker Kim D. Isaacson after FINRA received a complaint of fraudulent misrepresentation, omission of material facts and unauthorized trading According to FINRA’s BrokerCheck report on Clarke, a complaint alleging misrepresentation and omission of…

Englebert Sarmiento CRD#4506010 Silver Law Group is investigating Former Lynnbrook, New York-based Network 1 Financial Services broker Englebert Sarmiento following multiple customer complaints alleging unauthorized investment activity and unsuitable investment recommendations. Network 1 Financial Securities is headquated in Red Bank, NJ. Network 1 recently settled with FINRA allegations that relating…

Jeffrey S. Thompson CRD#4602601 Silver Law Group is investigating Lake Wales, Florida-based LPL Financial broker Jeffrey Thompson following a customer complaint alleging unauthorized investment activity and unsuitable investment recommendations. According to FINRA’s BrokerCheck report on Thompson, a complaint was received in August of 2017 alleging that Thompson had provided unsuitable…

Felipe N. Arrieta CRD#4142123 Silver Law Group is investigating Miami, Florida-based Dakota Securities International broker Felipe Arrieta following a customer complaint alleging unauthorized trading, breach of fiduciary duty and breach of contract in customers’ accounts. According to FINRA’s BrokerCheck report on Arrieta, a complaint was received in April of 2017…

James E Lyons CRD#1020397 Silver Law Group is investigating former Shreveport, LA-based Raymond James broker James E Lyons after a client filed a FINRA complaint alleging unauthorized trading. This complaint alleged damages of $1,200,000 According to FINRA’s BrokerCheck report on Lyons, the complaint was filed in April of 2016 and…