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Articles Posted in Stockbroker Misconduct

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Ron Filoramo (Ronald Ernest Filoramo CRD# 3270398) is a former broker and investment advisor last employed with Morgan Stanley (CRD# 149777) of Fort Lauderdale, FL. His previous employers include Wells Fargo Advisors, LLC (CRD# 19616) of Hallandale, FL,   UBS Financial Services Inc. (CRD# 8174) of Weehawken, NJ, and Ladenburg Capital Management Inc. (CRD# 14623) of Bethpage, NY. He has been in the industry since 1999. Filoramo’s most recent employer, Morgan Stanley, terminated his employment on 05/01/2023. In the Uniform Termination Notice for Securities Industry Registration (Form U5,) dated 03/31/2023, Morgan Stanley acknowledged that Filoramo was discharged after allegations that he “fraudulently induced clients to transfer funds to purported investments that were never made.”  Ron Filoramo (Ronald Ernest Filoramo CRD# 3270398) is a former broker and investment advisor last employed with Morgan Stanley (CRD# 149777) of Fort Lauderdale, FL. His previous employers include Wells Fargo Advisors, LLC (CRD# 19616) of Hallandale, FL, UBS Financial Services Inc. (CRD# 8174) of Weehawken, NJ, and Ladenburg Capital Management Inc. (CRD# 14623) of Bethpage, NY. He has been in the industry since 1999. Continue reading ›

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William Conn (William Joseph Conn CRD# 1477107, aka “Bill Conn”) is a currently registered broker and investment advisor with International Assets Advisory, LLC (CRD#: 10645) of San Francisco, CA. His previous employers include Raymond James & Associates, Inc. (CRD#:705, broker and investment advisor) J.P. Morgan Securities LLC (CRD#:79), and Deutsche Bank Securities Inc. (CRD# 2525), all of San Francisco. He was both a broker and investment advisor at all three and began in the industry in 1986. Conn’s CRD has a total of seven disclosures, six of which are customer disputes. The most recent dispute was filed on 07/23/2023 by two clients who allege that Conn placed them in inappropriate and aggressive investments. One client alleges that his account was “invested in speculative positions” with evidence of churning. There is no requested amount of damages, and this claim is currently listed as “pending.”William Conn (William Joseph Conn CRD# 1477107, aka “Bill Conn”) is a currently registered broker and investment advisor with International Assets Advisory, LLC (CRD#: 10645) of San Francisco, CA. His previous employers include Raymond James & Associates, Inc. (CRD#:705, broker and investment advisor) J.P. Morgan Securities LLC (CRD#:79), and Deutsche Bank Securities Inc. (CRD# 2525), all of San Francisco. He was both a broker and investment advisor at all three and began in the industry in 1986. Continue reading ›

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According to FINRA Disciplinary actions for October 2023, 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
  Carl Birkelbach   Birkelbach Investment Securities, Inc.
  Ronald Diaz   Morgan Stanley
  J.P. Morgan Securities LLC
  Albert Foronda   Spartan Capital Securities, LLC
  Worden Capital Management LLC
  Jorge Baquero   Spartan Capital Securities, LLC
  Eduardo Martinez   National Securities Corporation
  PHX Financial, Inc.

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According to FINRA Disciplinary actions for October 2023, 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. However, these individuals remain bound by the securities arbitration agreement to arbitrate any disputes between themselves and their former customers:

NAME FORMER EMPLOYERS
  Daniel Ditch   PFS Investments Inc.
  Stephen Jones   Equitable Advisors, LLC
  Robert Luley Jr.   Pruco Securities LLC
  Madison Avenue Securities, LLC
  Jack McBride   Newbridge Securities Corporation
  B. Riley Wealth Management
  Hector Negrete   Transamerica Financial Advisors, Inc.
  World Group Securities, Inc.
  Shawn O’Connell   Morgan Stanley
  Merrill Lynch, Pierce ,Fenner & Smith Incorporated
  Steven Thompson   Network 1 Financial Securities Inc.
  SW Financial

Continue reading ›

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According to FINRA Disciplinary actions for October 2023, 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
  David Burch   Raymond James & Associates, Inc.
  Morgan Stanley
  Timothy Claypool   Northwestern Mutual Investment Services, LLC
  Farmers Financial Solutions, LLC
  Ebony Parks   LPL Financial LLC
  Wells Fargo Clearing Services, LLC
  Rashawn Russell   Deutsche Bank Securities Inc.
  Daniel Santos   PFS Investments Inc.

Continue reading ›

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According to FINRA Disciplinary actions for September 2023, 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
  Laurence Allen   NYPPEX, LLC
  Northeast Securities, Inc.
  Joseph Desapio   Spartan Capital Securities, LLC
  Worden Capital Management LLC
  DeVere Dudley   Raymond James Financial Services, Inc.
  Edward Jones
  Austin Dutton Jr.   American Trust Investment Services, Inc.
  PRIMEX
  Adam Ezrilov   LPL Financial LLC
  RBC Capital Markets, LLC
  Samuel Girgiss   Spartan Capital Securities, LLC
  Worden Capital Management LLC
  Dennis Hanrahan   Spartan Capital Securities, LLC
  John Thomas Financial
  Timothy Henry   Wells Fargo Clearing Services, LLC
  Credit Suisse Securities (USA) LLC
  Kenneth Klaiman   Raymond James & Associates, Inc.
  Deutsche Bank Securities Inc.
  Ramon Perez   Morgan Stanley
  UBS Financial Services Inc.
  David Sauer   BGC Financial, L.P.
  Morgan Stanley
  Michael Schunk   NYPPEX, LLC
  Commerce One Financial Inc.
  James Shelburne   Wells Fargo Clearing Services, LLC
  Merrill Lynch, Pierce, Fenner & Smith Incorporated
  Jamie Worden   Worden Capital Management LLC
  Salomon Whitney LLC

Continue reading ›

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According to FINRA Disciplinary actions for September 2023, 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. However, these individuals remain bound by the securities arbitration agreement to arbitrate any disputes between themselves and their former customers:

NAME FORMER EMPLOYERS
  Thomas Cole III   Charles Schwab & Co, Inc.
  Charles Connors   LPL Financial LLC
  Transamerica Financial Advisors, Inc.
  Andrew Grezlak   Cambridge Investment Research, Inc.
  Louis No   NYLife Securities LLC
  Chanda Park   Transamerica Financial Advisors, Inc.
  Heron Rattray Jr.   J.P. Morgan Securities LLC
  Chase Investment Services Corp.
  Merrill Richardson   Goldman Sachs & Co. LLC
  William Blair & Company LLC
  William Rodriguez
  Jessica Wade

Continue reading ›

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According to FINRA Disciplinary actions for September 2023, 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
  Michael Adinovich   Ameriprise Financial Services, LLC
  Ameriprise Advisor Services, Inc.
  Karla Moons   Concourse Financial Group Securities, Inc.
  Amsouth Investment Services, Inc.
  Kyle Steibel   CUNA Brokerage Services, Inc.
  Edward Jones
  Joseph Todaro   Network 1 Financial Securities Inc.
  SW Financial
  Jin Zhu   Morgan Stanley
  Key Investment Services LLC

Continue reading ›

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According to FINRA Disciplinary actions for August 2023, 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
  Dennis Ayre   Hilltop Securities Inc.
  Oppenheimer & Co. Inc.
  Bruce Davis   Wells Fargo Clearing Services, LLC
  J.P. Morgan Securities LLC
  Gail Milon   ELE Wealth Advisors, Inc.
  MSI Financial Services, Inc.
  Trevor Perry   Foreside Financial Services, LLC
  J.P. Morgan Institutional Investments Inc.
  Frank Weiss   Bankers Life Securities, Inc.
  Farmers Financial Solutions, LLC

Continue reading ›

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According to FINRA Disciplinary actions for August 2023, 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. However, these individuals remain bound by the securities arbitration agreement to arbitrate any disputes between themselves and their former customers:

NAME FORMER EMPLOYERS
  Davd Burch   Raymond James & Associates, Inc.
  Morgan Stanley
  Timothy Claypool   Northwestern Mutual Investment Services, LLC
  Farmers Financial Solutions, LLC
  Ebony Parks   LPL Financial LLC
  Wells Fargo Clearing Services, LLC
  Rashawn Russell   Deutsche Bank Securities Inc.
  Daniel Santos   PFS Investments Inc.
  Michael Solomon   Maxim Group LLC
  HFP Capital Markets LLC
  Bertram Unger   Edward Jones
  Pruco Securities, LLC
  Shane Wilhelm   Fortune Financial Services, Inc.
  Truist Investment Services, Inc.

Continue reading ›

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