A National Securities Arbitration & Investment Fraud Law Firm

Articles Posted in Stockbroker Misconduct

|

David Del Rio (aka “Chico Del Rio”, CRD: #4771963) is a former registered broker and investment advisor whose last known employer was LPL Financial LLC (CRD#:6413) of San Diego, CA. Previous employers include Suntrust Investment Services, Inc. (CRD#:17499) of Fort Meyers, FL, LPL Financial LLC (CRD#:6413) of Bellmore, NY, and IFMG Securities, Inc. (CRD#:14416) of Naples, FL. He has been in the industry since 2008. On 9/13/2018, a Probable Cause Affidavit was filed in Palm Beach County Circuit Criminal Court in the State of Florida, leading to an investigation of allegations against Del Rio for: 2 counts felony Exploitation of the Elderly 2 counts felony Money Laundering $100K or more 1 count felony Organized Scheme to Defraud 50K or more 6 counts Fraudulent Use of Personal ID over $5K 1 count Fraudulent Use of Personal ID over $50K 10 counts felony Grand Theft 65 or older $10K or more 6 counts felony Grand Theft 65 or older $50K or moreDavid Del Rio (aka “Chico Del Rio”, CRD: #4771963) is a former registered broker and investment advisor whose last known employer was LPL Financial LLC (CRD#:6413) of San Diego, CA. Previous employers include Suntrust Investment Services, Inc. (CRD#:17499) of Fort Meyers, FL, LPL Financial LLC (CRD#:6413) of Bellmore, NY, and IFMG Securities, Inc. (CRD#:14416) of Naples, FL. He has been in the industry since 2008.

Continue reading ›

|

On February 12, 2020, the Financial Industry Regulatory Authority (“FINRA”) permanently barred Ronald Hannes (Ronald Walter Hannes CRD# 1452241) from associating with any FINRA member in any capacity for refusing to cooperate with FINRA officials during their investigation of him for conversion of consumer funds. Hannes operated out of Hannes Financial Services Inc in Spokane Washingon. Letter of Acceptance Waiver and Consent No. 2019064915301 (Feb. 13, 2020). Hannes was previously registered with Woodbury Financial Services Inc. in Spokane, Washington from 1994-2019. Prompting FINRA’s investigation was a Uniform Termination Notice for Securities Industry Registration (U5) which was filed on December 18, 2019. According the AWC, “. . .[b]y Uniform Termination Notice for Securities Industry Registration (Form U5) dated December 18, 2019, Woodbury terminated Hannes' association with the Firm and disclosed that the Firm ‘received notice from a client that funds were paid to [Hannes] for purchase of a life insurance contract that were not forwarded to the life insurance company.’” Id.On February 12, 2020, the Financial Industry Regulatory Authority (“FINRA”) permanently barred Ronald Hannes (Ronald Walter Hannes CRD# 1452241) from associating with any FINRA member in any capacity for refusing to cooperate with FINRA officials during their investigation of him for conversion of consumer funds. Hannes operated out of Hannes Financial Services Inc in Spokane Washingon. Letter of Acceptance Waiver and Consent No. 2019064915301 (Feb. 13, 2020). Hannes was previously registered with Woodbury Financial Services Inc. in Spokane, Washington from 1994-2019.

Prompting FINRA’s investigation was a Uniform Termination Notice for Securities Industry Registration (U5) which was filed on December 18, 2019. According the AWC, “. . .[b]y Uniform Termination Notice for Securities Industry Registration (Form U5) dated December 18, 2019, Woodbury terminated Hannes’ association with the Firm and disclosed that the Firm ‘received notice from a client that funds were paid to [Hannes] for purchase of a life insurance contract that were not forwarded to the life insurance company.’” Id. Continue reading ›

|

Pratul Agnihotri (CRD#: 4031797) is currently under investigation by FINRA authorities for violating several FINRA Rules: “Violation of FINRA Rule 2010 – conversion of investor funds; Violation of FINRA Rules 3270 and 2010 – engaging in an outside business activity without providing prior written notice to you FINRA member employer firms.” Report about Pratul V. Aginhotri, FINRA BrokerCheck, 2020. As of October 18, 2019, FINRA has made a preliminary determination that it recommends disciplinary action be takin against Agnihotri for his alleged FINRA Rule violations.Pratul Agnihotri (CRD#: 4031797) is currently under investigation by FINRA authorities for violating several FINRA Rules: “Violation of FINRA Rule 2010 – conversion of investor funds; Violation of FINRA Rules 3270 and 2010 – engaging in an outside business activity without providing prior written notice to you FINRA member employer firms.” Report about Pratul V. Aginhotri, FINRA BrokerCheck, 2020.

As of October 18, 2019, FINRA has made a preliminary determination that it recommends disciplinary action be takin against Agnihotri for his alleged FINRA Rule violations. Continue reading ›

|

John Krohn (John Michael Krohn CRD#2722975) is a formerly registered broker who worked for Principal Securities, Inc. (CRD# 1137) at their West Des Moines, Iowa branch office. He had been in the securities industry since 1996.  According to his CRD report, Mr.Krohn was a board member of Domiknow and Spotlight Innovation, Inc since 2015.  Krohn was also the managing member of Cash Flow Structure Group in Des Moines, Iowa. John Krohn Selling Away Claims   John Krohn has 6 disclosures on his publicly-available FINRA BrokerCheck report, including 5 customer disputes and 1 regulatory disclosure: April, 2020: A dispute alleged that “the firm failed to supervise John Krohn's private securities transactions and dealings with claimants, is liable for Mr. Krohn's misconduct and claimant's losses.” $10,000,000 in damages are requested, and the dispute is pending as of this writing.John Krohn (John Michael Krohn CRD#2722975) is a formerly registered broker who worked for Principal Securities, Inc. (CRD# 1137) at their West Des Moines, Iowa branch office. He had been in the securities industry since 1996. According to his CRD report, Mr.Krohn was a board member of Domiknow and Spotlight Innovation, Inc since 2015.  Krohn was also the managing member of Cash Flow Structure Group in Des Moines, Iowa.

John Krohn Selling Away Claims  

John Krohn has 6 disclosures on his publicly-available FINRA BrokerCheck report, including 5 customer disputes and 1 regulatory disclosure:

April, 2020: A dispute alleged that “the firm failed to supervise John Krohn’s private securities transactions and dealings with claimants, is liable for Mr. Krohn’s misconduct and claimant’s losses.” $10,000,000 in damages are requested, and the dispute is pending as of this writing. Continue reading ›

|

According to FINRA Disciplinary actions for February 2020, 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
  DiLiberto, Jesse   Fidelity Brokerage Services
  Wilmington Capital Securities, LLC
  Fry, Stephen   Woodbury Financial Services, Inc
  H.D. Vest Investment Services
  Johnson, Timothy Jr.   MML Investors Services, LLC
  Suntrust Investment Services, Inc
  Mannera, Samuel   Wells Fargo Clearing Services, LLC
  Merrill Lynch, Pierce, Fenner & Smith, Inc.
  Karney, Amogh
  McGuire, Jesse   JP Morgan Securities LLC
  Chase Investment Services Corp.
  Mostert, John   Quest Capital Strategies, Inc
  Intersecurities, Inc.
  Murray, Robert   SW Financial
  Joseph Stone Capital LLC
  Oplinger, Todd   IFS Securities
  Ridgeway & Conger, Inc
  Rangel, Jesse   TD Ameritrade, Inc
  Morgan Stanley
  Stokes, Dain   LPL Financial LLC
  Edward Jones
  Thrush, Steven   Summit Brokerage Services, Inc
  Cambridge Investment Research, Inc
  Washington, Robert

Continue reading ›

|

According to FINRA Disciplinary actions for February 2020, 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
  Cline, Kevin   Source Capital Group, Inc
  Ridgemont Securities, Inc
  Delaney, Maxwell   Brill Securities, Inc
  National Securities Corporation
  Henrich, Todd   National Securities Corp
  Obsidian Financial Group
  Garland, James   Garden State Securities
  Global Arena Capital Corp
  Kloskowski, Daniel   National Securities Corp
  Obsidian Financial Group, Inc
  Lowe, Brent   Morgan Stanley Smith Barney
  Merrill Lynch, Pierce, Fenner & Smith
  Ray, Aaron   Vanguard Capital
  Blue Vase Securities, LLC
  Spaventa, Andrew   SW Financial
  Network 1 Financial Securities
   Kraft, David   Morgan Stanley
  Wells Fargo Advisors
  Williams, Brian   Waddell & Reed
  Benjamin F. Edwards & Company

Continue reading ›

|

According to FINRA Disciplinary actions for February 2020, 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
  Belesis, George   Portfolio Advisors Alliance, LLC
  John Thomas Financial
  Berghausen, Joseph   ADP Broker-Dealer, Inc
  Cetera Advisor Networks LLC
  Blount, Dustin   MML Investors Services, LLC
  Northwestern Mutual Investment Services, LLC
  Chu, Felix   NYLife Securities
  Choburn, Brian   Maxim Group LLC
  The Buckingham research Group Inc
  Drury, Michael   Stillpoint Capital, LLC
  United Business Brokers, Inc
  Nguyen, Hiep   Merrill Lynch, Pierce, Fenner & Smith Inc
  Citizens Securities, Inc
  Lee, Robert
  Ricker, Gregory    Westpark Capital, Inc
  National Securities Corp
  Rockwell, David   Cetera Advisor Networks LLC
  Suntrust Investment Services
  Ross, Paul   Hantz Financial Services, Inc
  Thrivent Investment Management Inc
  Schneck, Mark   Northwestern Mutual Investment Services, LLC
  MML Investors Services
  Zakarin, Eric   Lombard Securities Inc
  Independent Financial Group

Continue reading ›

|

According to FINRA Disciplinary actions for January 2020, 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
  Bressman, Michael   FCG Advisors, LLC
  Merrill Lynch, Pierce, Fenner & Smith Inc
  Dannenberg, Stephanie
  Dineen, Mary Ann   UBS Financial Services Inc.
  Fagenson, David   Newbridge Securities Corp
  UBS Financial Services Inc.
  Figueroa, Mark   Spartan Capital Securities, LLC
  Arive Capital Markets
  Freeman, Michael   Spartan Capital Securities
  Legend Securities, Inc
  Kopatz, Karen   Raymond James & Associates, Inc
  Morgan Keegan & Company, Inc
  Morgan, Gregory   Allstate Financial Services, LLC
  ProEquities, Inc
  Rayner, Wesley   Santander Securities LLC
  JP Morgan Securities
  Rodriquez, Jordan   NYLife Securities LLC
  Spyrka, Michael   Hold Brothers Capital
  Stow, Frederick   Raymond James & Associates
  Wells Fargo Advisors, LLC
  Taylor, Dennis   Taylor Capital Mgmt
  Independent Financial Group
 Tarner, Cynthia
  Wetherell, Mark   Kovack Securities Inc
  Invest Financial Corportion
  Wilk, Jason   Worden Capital Mgmt
  Craft Capital Mgmt
  Wright, Marcus   Farmers Financial Solutions, LLC
  JP Morgan Securities LLC

Continue reading ›

|

According to FINRA Disciplinary actions for January 2020, 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
  Ajayi, Emmanuel   J.P. Morgan Securities LLC
  HSBS Securities (USA) Inc
  Arts, Christopher   Scarsdale Equities LLC
  Leeb Brokerage Services Group, Inc
  Bailey, Michael   PFS Investments Inc
  Bisch, Sarah   Santander Securities LLC
  Edward Jones
  Bishop, Tywan   Charles Schwab & Co., Inc
  E Trade Securities LLC
  Borja, Mauricio   Allstate Financial Services, LLC
  Encino, Stephen   NYLife Securities LLC
  Allstate Insurance
  Fries, Scott   Transamerica Financial Advisors
  NYLife Securities LLC
  Hegarty, Adrian   JP Morgan Securities LLC
  Morgan Stanley
  Kraft, David   Morgan Stanely
  Wells Fargo Advisors, LLC
  Madril, Michael   Wells Fargo Clearing Services, LLC
  McClellan, Richard   LPL Financial LLC
  MML Investors Services
  Murano, Marc   JP Turner & Company, LLC
  Navarre, Michael   Farmers Financial Solutions, LLC
  NYLife Securities
  Olsen, Blair   Lincoln Investment
  Legend Equities Corp
  Persaud, Susy
  Sandhu, Angrad
  Uwechue, Anthony   JP Morgan Securities LLC
  Chase Investment Services

Continue reading ›

|

Broker Charles Dorraine (CRD# 70411) has been barred by FINRA (the Financial Industry Regulatory Authority) for refusing to give testimony about recommendations to customers about Puerto Rican bonds. It has been alleged that the bonds were unsuitable and customers were overconcentrated in them. Dorraine was last registered with Next Financial Group, Inc. (CRD# 46214) in their Corpus Christi, Texas branch location from 2007-2019.Broker Charles Dorraine (CRD# 70411) has been barred by FINRA (the Financial Industry Regulatory Authority) for refusing to give testimony about recommendations to customers about Puerto Rican bonds. It has been alleged that the bonds were unsuitable and customers were overconcentrated in them. Dorraine was last registered with Next Financial Group, Inc. (CRD# 46214) in their Corpus Christi, Texas branch location from 2007-2019. Continue reading ›

Contact Information
Main Office
11780 W Sample Rd
Coral Springs, FL 33065
Phone: (954) 755-4799Fax: (954) 755-4684
New York Office
229 W 36th St 8th Floor
New York, NY 10018
Phone: (212) 377-5227
Florida Office
4755 Technology Way #205
Boca Raton, FL 33431
Phone: (561) 665-8613
ATTORNEY ADVERTISING

Visit our Florida Securities Whistleblower Website

We serve clients nationwide including, but not limited to, those in the following localities: Atlanta, Baltimore, Boston, Chicago, Dallas–Fort Worth, Denver, Detroit, Houston, Los Angeles, Miami, New York City, Philadelphia, Phoenix, San Bernardino-Riverside, San Diego, San Francisco, Seattle, St. Louis, Tampa–St. Petersburg, and Washington, D.C. View More

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Please do not include any confidential or sensitive information in a contact form, text message, or voicemail. The contact form sends information by non-encrypted email, which is not secure. Submitting a contact form, sending a text message, making a phone call, or leaving a voicemail does not create an attorney-client relationship.

Copyright © 2024, Silver Law Group
JUSTIA Law Firm Blog Design