Securities Arbitration Lawyers Blog

According to FINRA Disciplinary actions for May 2016, the following individuals were suspended from FINRA for failing to comply with a FINRA arbitration award or settlement agreement pursuant to FINRA rules: NAME FORMER EMPLOYERS   Dmitry Borochin   Wells Fargo Advisors, LLC   Chase Investment Services Corp.   Randy Lee…

According to FINRA Disciplinary actions for May 2016, the following individuals were suspended from FINRA and cannot currently work for a FINRA brokerage firm for failing to provide FINRA with information it requested or to keep information current with FINRA pursuant to FINRA rules: NAME FORMER EMPLOYERS   Gordon W.…

According to FINRA Disciplinary actions for May 2016, the following individuals were barred from FINRA and cannot currently work for a FINRA brokerage firm for failing to provide FINRA with information it requested or to keep information current with FINRA pursuant to FINRA rules: NAME FORMER EMPLOYERS   Steven Angelo…

It was about three years ago that the Florida Legislature adopted the Revised Uniform Arbitration Act (“RUAA”), a revised code that was intended to clarify the arbitration process and promote various requirements of due process.  Among many issues the revision addresses, attorneys’ fees changes were one of the most significant,…

Two former pro athletes, one from the NBA and the other the NFL, won an $819,000 FINRA arbitration award against Morgan Stanley Smith Barney (“Morgan Stanley”) after Morgan Stanley allegedly failed to supervise a former broker. Keyon Dooling, a first-round pick, played in the NBA for 12 seasons. John St.…

Real estate finance company United Development Funding (“UDF”) publicly speaks nearly three months after an FBI raided its headquarters in February 2016. In a news release, UDF said a board-authorized probe into its inner workings by an outside law firm UDF hired found no evidence of fraud or misconduct on…

Silver Law Group is investigating West Palm Beach, Florida-based RBC Capital Markets (“RBC”) broker Samuel K. Koltun (CRD# 1739664) for customer complaints alleging he unsuitably recommended and overconcentrated their portfolio in Puerto Rico bonds and failed to disclose the risks associated with such an investment. Koltun has six misconduct disclosures…

Silver Law Group is investigating Woodbury Financial Services (“Woodbury”) broker Daniel J. Dunn (CRD# 3105100) for customer complaints filed with the Financial Industry Regulatory Authority (“FINRA”) against the broker. According to Dunn’s FINRA BrokerCheck report, there are five customer complaints against him, four of which have settled for a total…

Silver Law Group is investigating Texas-based broker M F “Mickey” Long II (“Long”) (CRD# 1778299) of VSR Financial.  According to the Financial Industry Regulatory Authority’s (“FINRA”) BrokerCheck records, Long has been subject to nine customer complaints. One of the nine customer complaints is currently pending and alleges unsuitable investment recommendations,…

Silver Law Group is investigating VSR Financial Services (“VSR”) broker Dennis Van Patter (“Patter”) (CRD# 1364583) for allegations that he unsuitably recommended oil and gas investments to his customers. According to Patter’s Financial Industry Regulatory Authority (“FINRA”) BrokerCheck report, Patter has nine misconduct disclosures on his record. Five of the…