Uncategorized

Fort Lauderdale, Florida Westpark Capital Broker Patrick H. Maddren Under Investigation After Churning Complaint Settles for $300,000

June 14, 2018 | Silver Law Group

Silver Law Group is investigating Westpark Capital broker Patrick H. Maddren over churning claims.

Maddren, who is based out of the Fort Lauderdale, Florida Westpark Capital branch was the subject of a customer complaint that settled.

In March 2016, a customer filed a FINRA arbitration alleging that Maddren failed to follow instructions, made material misrepresentations and omissions, excessively traded in order to incur commissions, made unauthorized trades and unsuitable recommendations. The FINRA arbitration settled for almost $300,000.

Former Cuna Brokerage Services Broker Stacy Cheney-Jamison Under Investigation After Customer Files Investment Fraud Claim

May 7, 2018 | Silver Law Group

Silver Law Group is investigating former Cuna Brokerage Services broker Stacy E. Cheney-Jamison after a customer filed an investment fraud claim against the brokerage firm.

In March 2018, a customer filed an arbitration complaint against Cuna Brokerage Services (“Cuna”) in Georgia. The customer complaint alleges several counts of wrongdoing, including breach of fiduciary duty and breach of contract, unauthorized transactions, violation of the Georgia RICO Act, and violations of the Georgia Securities Act. The complaint alleges $350,000 in damages.

The FINRA arbitration claim also alleges Cheney-Jamison used her relationship with the IBM Southeastern Employees Credit Union (“IBM”) in Cobb County, Georgia to solicit investors.

What is the Parking REIT and What Brokerage Firms Sold the Non-traded REIT?

April 26, 2018 | Silver Law Group

Silver Law Group is investigating the Parking REIT after the company ceased paying its shareholders dividends and distributions. If you’ve invested in the Parking REIT or its affiliates, we may be able to help you recover your money.

The Parking REIT’s and its CEO’s Background

The Parking REIT was formerly two (2) separate non-traded REITs: MVP REIT and MVP REIT II. MVP REIT II changed its name to the Parking REIT and, in December 2017, the two (2) REITs merged.

The Parking REIT, f/k/a the MVP REIT and MVP REIT II, Under Investigation After It Suspends Dividend Payments

April 26, 2018 | Silver Law Group

Silver Law Group is investigating the Parking REIT after the public, non-traded REIT suspended cash distributions and stock dividends to its shareholders. If you’ve invested in the Parking REIT or its affiliates, we may be able to help recover some of your money.

The Parking REIT Ceases Distributions and Dividends

In March 2018, the Parking REIT announced that the board of directors unanimously authorized a suspension of the Parking REIT’s cash distributions and stock dividends to “focus on preserving capital” and “seek to enhance the value of the [Parking REIT] … through potential future acquisitions.”

In December 2017, FINRA Bars Registered Individuals for Failure for Comply with FINRA Rules

January 12, 2018 | Silver Law Group

According to FINRA Disciplinary actions for December 2017, 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
Helle Romer Bannister	HighTower Advisors, LLC
Helle Romer Bannister	J.P. Morgan Securities, LLC
Kayla Jo Brassesco
Aalim Jamaal Brown	NYLife Securities LLC
Laura Ann Cava	Wells Fargo Clearing Services, LLC
Laura Ann Cava	Wells Fargo Advisors LLC
Wesley Claflin	Merrill Lynch, Pierce, Fenner & Smith Inc
Brett Allen DeFore	Raymond James & Associates, Inc.
Brett Allen DeFore	Morgan Keegan & Company, Inc.
Jessica Marie Franze
Edward Kenneth Frost	Western International Securities, Inc.
Edward Kenneth Frost	GBS Financial Corp.
Charles Edwin Garrison	Davenport & Company LLC
Robert Constantine Gray	Farmers Financial Solutions, LLC
Leanna Greene	State Farm VP Management Corp.
Robert William Griffin	Cantella &Co., Inc.
Robert William Griffin	Cornerstone Investment Services
Stephen Allen Holmes	Voya Financial Advisors, Inc.
Stephen Allen Holmes	Ameriprise Financial Services, Inc.
Stephen Joseph Kipp	NPB Financial Group, LLC
Stephen Joseph Kipp	Kipp Financial Group, Inc.
Craig Gary Langweiler	Windsor Street Capital, LP
Craig Gary Langweiler	Meyers Associates LP
Matthew M. McDonagh	Osprey Partners LLC
Matthew M. McDonagh	Cabot Lodge Securities LLC
Christine Doreen Memet	PNC Investments
Christine Doreen Memet	Chase Investment Services Corp.
Terry Mark Mlodzik	UBS Financial Services Inc.
Monica Jean O’Neill	Mutual of Omaha Investors Services, Inc.
Monica Jean O’Neill	Thrivent Investment Management, Inc.
Carlos Antonio Rodriguez	UBS Financial Services Inc.
Carlos Antonio Rodriguez	Merrill Lynch, Pierce, Fenner & Smith Inc
Casey Thomas Rodriguez	Arive Capital Markets
Casey Thomas Rodriguez	Chelsea Financial Services
David Edward Smith	The Huntington Investment Company
Clint Herrison Stoffels	UBS Financial Services Inc.
Harvey Alan Weisenfeld	Allstate Financial Services, LLC
Harvey Alan Weisenfeld	Wood Financial Insurance Group Inc.

Silver Law Group represents investors in securities and investment fraud cases through FINRA arbitration or court. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide in securities arbitration to help recover investment losses due to stockbroker misconduct. If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

FINRA Arbitration Claim Filed Against Joseph Weinrich and Moloney Securities Co.

January 11, 2018 | Silver Law Group

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 of his investment losses.

The arbitration complaint alleges that, over the course of at least a five-year period, Weinrich made unsuitable investment recommendations, including oil and gas master limited partnerships, inconsistent with his elderly customer’s financial situation and stated investment goals, which caused significant account losses. The complaint further alleges that Weinrich excessively traded or “churned” the account, which was on margin, to improperly generate significant fees and commissions, and engaged in unauthorized trading. Due to Weinrich’s misconduct, and Moloney Securities Co.’s failure to reasonably supervise, as alleged by the complaint, the customer suffered losses of over $450,000, and paid significant commissions and margin interest.

Unauthorized trading occurs when a stockbroker facilitates a transaction without the permission of the customer in a non-discretionary account.

Silver Law Group Is Investgating Claims Of Unsuitable Recommendations, Spencer Laufer, J.H Darbie & CO

January 9, 2018 | Silver Law Group

Spencer D. Laufer

CRD#6312867

Silver Law Group is investigating former New York, New York-based J.H Darbie & Co broker Spencer Laufer following a customer complaint alleging unsuitable investment recommendations.

Silver Law Group is Investigating Claims Against Morgan Stanley Broker Peter Doyle for Unsuitable Investments

January 9, 2018 | Silver Law Group

Peter J. Doyle

CRD#2370593

Silver Law Group is investigating former Washington DC-based Morgan Stanley broker Peter J. Doyle after a customer was awarded in excess of $8,000,000 million for alleged unsuitable investment advice, misrepresentation and elder abuse.

L-Share Violations has 5 Cetera Financial Group Firms Paying Almost $3 Million in Fines

January 14, 2017 | Silver Law Group

On November, 2016, FINRA announced fines against five (5) Cetera Financial Group brokerage firm subsidiaries in an amount of $2.95 million for supervisory failures related to variable annuity L-shares.

FINRA fined the following Cetera Financial Group-related firms: