Securities Arbitration Lawyers Blog

A compliance executive at broker-dealer Purshe Kaplan Sterling Investments (CRD# 35747) says she has been the subject of intimidation, including having her car tampered with and being followed, for speaking up about concerns she had regarding GPB Capital Holdings. Silver Law Group represents investors in claims to recover GPB losses.…

Bryon Martinsen (Bryon Edwin Martinsen CRD# 1621649) is a currently registered broker and investment advisor employed with Centaurus Financial, Inc. (CRD #30833) of Kings Park, NY. Martinsen previously worked for AXA Advisors, LLC and The Equitable Life Assurance Society Of The United States, in New York, NY.  He has worked…

Jaime Westenbarger (Jaime Michael Westenbarger CRD# 4625703) is a currently barred broker who was last registered with Securities America, Inc. (CRD# 10205) in Grand Rapids, Michigan. Before Securities America, Westenbarger was registered with First Allied Securities, Inc. (CRD# 32444), American Portfolios Financial Services, Inc. (CRD# 18487), Invest Financial Corporation (CRD#…

Stockbrokers should not borrow money from their clients. That’s according to FINRA Rule 3240, which states that unless the stockbroker is an immediate family member or their firm has specific written procedures about borrowing and lending, then borrowing from a customer constitutes a violation. Silver Law Group helps investors recover…

FINRA has released a new report illustrating the growth over the last five years of the FINRA Securities Helpline for Seniors and its efforts to provide support, resources, and education to senior investors. Silver Law Group continues to help seniors who are defrauded by stockbrokers and other financial advisors in…

Timothy Johnson (Timothy Edward Johnson, Jr. CRD #5701828) is a former registered broker and investment advisor whose last employer was MML Investors Services, LLC (CRD# 10409) of Lawrenceville, GA. Previous employers include Suntrust Investment Services, Inc. (CRD# 17499) of Atlanta, GA, and PNC Investments (CRD#:129052) of Suwanee, GA. He has…

Stephen Fry (Stephen Douglas Fry CRD: 2928258) is a former registered broker and investment advisor whose last known employer was Woodbury Financial Services, Inc. (CRD#:421) of Germantown, TN. His previous employer was H.D. Vest Investment Services (CRD#:13686) of Cordoba, TN. He has been in the industry since 1998. As a…

Hugh Barndollar (Hugh Ordway Barndollar III, CRD #3027317, aka “Hobby Barndollar”) is a former registered broker and currently registered investment advisor last employed by Crown Capital Securities, L.P. (CRD#: 6312) of Land O’Lakes, FL. Barndollar was employed with Crown Capital until he voluntarily resigned on December 31, 2021. His previous employers…

GPB Capital Holdings, LLC is accused by Massachusetts securities regulators of violating state laws by misleading investors about its finances. GPB is now the subject of an administrative enforcement action from the Massachusetts Secretary of the Commonwealth Securities Division. The action against the troubled New York-based alternative asset management firm…

Kevin Rainwater (Kevin Lamar Rainwater CRD#3098443) is a currently registered broker and investment advisor currently employed with Arkadios Capital (CRD#: 282710) of Atlanta, GA, since 2017. He was previously employed with Stancorp Equities, Inc. (CRD#:19517), also of Atlanta, and with Manequity, Inc. (CRD#:5249), of Boston, MA. He has been in…