Securities Arbitration Lawyers Blog

Did National Securities Recommend Restoration Robotics?

June 29, 2018 | Silver Law Group

Silver Law Group is investigating claims involving National Securities’ sale of Restoration Robotics to investors through its IPO and in Reg D or private placement offerings.

If you invested in Restoration Robotics common stock or in a private placement and would like to discuss your legal rights, please contact our firm. There is no cost or obligation to you. You can also contact us by calling Scott L. Silver toll free at (800) 975-4345 or by sending an e-mail to ssilver@silverlaw.com.

A lawsuit has been filed in the U.S. District Court for the Northern District of California on behalf of all those who purchased Restoration common stock pursuant or traceable to the Company’s Initial Public Offering (the “IPO” or “Offering”) that commenced on October 12, 2017 and closed on October 16, 2017. The case, Guerrini v. Restoration Robotics, Inc. et al., No. 18-cv-03712 was filed on June 21, 2018, and has been assigned to Judge Edward John Davila.

Silver Law Group is Investigating Carlos Evertsz-Seda of K.C. Ward Financial

June 29, 2018 | Silver Law Group

Carlos Evertsz-Seda is barred from association with any FINRA member in any capacity. Respondent failed to request termination of his suspension within three months of the date of the Notice of Suspension; therefore, he is automatically barred from association with any FINRA member in any capacity. Carlos Evertsz-Seda was employed by K.C. Ward Financial in Ronkonkoma, NY from 2010 – May 2017. Mr. Evertsz-Seda is the subject of two securities arbitration claims for damages due to unsuitable investments. K.C. Ward Financial is a Long Island based brokerage firm owned by Louis Ward.

Contact Our Firm if You’ve Invested with Carlos Evertsz-Seda

If you invested with Carlos Evertsz-Seda and believe you have lost money due to his misconduct, you may be able to file a claim to recover your losses through FINRA arbitration. For a free evaluation of your potential case by as securities attorney, please contact Silver Law Group.

Silver Law Group is Investigating Craig Blattner of Cetera Advisors

June 29, 2018 | Silver Law Group

Craig Blattner has been in the securities industry for 31 years most recently with Cetera Advisors LLC in Longwood, FL from September 2016 – February 2018. Previous registrations include Investors Capital Corp in Longwood, FL form May 2006 – October 2016. Mr. Blattner is no longer a registered stockbroker.

Blattner was assessed a deferred fine of $5,000 and suspended from association with any FINRA member in all capacities for 15 business days following allegations that he settled a client complaint away from his member firm.

FINRA’s findings stated that the value of a joint account of two clients served by Blattner allegedly declined by approximately $75,000. One of these clients complained, orally and in writing by e-mail, to Blattner about his management of their account and the losses they had suffered. Blattner did not disclose the client’s complaint to the firm, and that the complaint was never reported on his Form U4.

Silver Law Group is Investigating Peter Holler of Securities Service Network

June 29, 2018 | Silver Law Group

We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Peter D. Holler. FINRA suspended Holler from the securities industry for two years, fined him $10,000, and ordered him to disgorge $49,790 in commissions for selling Woodbridge Investments. FINRA was investigating Holler regarding allegations that he engaged in private securities without disclosing such to his former brokerage firm, Securities Service Network.

Peter Holler sold investments in Woodbridge Mortgage Investment Funds, a purported real estate fund. Holler sold $1.39 million worth of Woodbridge promissory notes. Since Woodbridge filed for bankruptcy last year, it is believed that the Woodbridge Investments have lost substantial value.

Peter Holler was a financial advisor and registered representative of Securities Service Network from November 2001 to August 2017. He worked at a branch office in Bristol, Tennessee. Holler also was affiliated with SSN Advisory and SBS Services.

Silver Law Group is Investigating Richard Minichino of Next Financial Group

June 29, 2018 | Silver Law Group

Richard Minichino has spent 7 years in the securities industry and was most recently registered with Next Financial Group in New York, New York (2016-2018). Previous registrations include Wunderlich Securities, JP Morgan Securities, Chase Investment and David Lerner Associates.

According to his BrokerCheck report, Richard Minichino was recently terminated from his former employer and has received four unsatisfied judgments or liens.

In February 2018, Richard Minichino was terminated from his position at Next Financial Group following an internal review regarding trades in a client’s account “that appeared to be unsuitable.”

Silver Law Group is Investigating Vicente Davila of Morgan Stanley

June 29, 2018 | Silver Law Group

Vicente Davila has spent eight years in the securities industry and was most recently registered with Morgan Stanley in Houston, Texas (2016 – 2018). Previous registrations include Merrill Lynch and Barclays Capital.

Publicly available records published by the Financial Industry Regulatory Authority (FINRA) state that former Texas-based Morgan Stanley broker/adviser Vicente Davila, who has received a customer dispute, was discharged from Morgan Stanley in connection to alleged rule violations and is currently not affiliated with any broker-dealer firm.

According to his BrokerCheck report, he has received one customer complaint and was discharged from his former employer in connection to alleged rule violations.

Silver Law Group is Investigating Alan New of NYLife Securities LLC

June 29, 2018 | Silver Law Group

Alan New has been registered with NYLife Securities LLC in Fort Wayne, IN from 2004 to August 2016.

According to his BrokerCheck Report, New has been the subject of five customer complaints in 2018.

April 2018. “Plaintiff alleges that material facts and the risks associated with an unregistered investment purchased in Woodbridge Mortgage Investment Fund in December 2013 were not disclosed. Claimant seeks recovery of damages in the amount of at least $400,000.00.” The customer is seeking $400,000 in damages and the case is currently pending.

Silver Law Group is Investigating Frank Dietrich of Quest Capital Strategies, Inc.

June 29, 2018 | Silver Law Group

Frank Dietrich was registered with Quest Capital Strategies, Inc. in Lake Forest, California from March 2013 to April 2018, when he was terminated regarding, “Failure to fully disclose outside business activities and sale of unapproved product.” Dietrich sold Woodbridge notes to multiple investors.

Dietrich has been the subject of six customer complaints between 2013 and 2018, according to his CRD report. The complaints include:

April 2018: Client states that she purchased a Woodbridge Wealth Promissory Note through Frank Dietrich in January of 2017, outside of Quest Capital Strategies. The customer is seeking $200,000 in damages and the case is currently pending.

Silver Law Group is Investigating David Ridenour of Wells Fargo Clearing Services

June 29, 2018 | Silver Law Group

David Ridenour has been registered with Wells Fargo in Edmond, Oklahoma since 2012. He previously worked for Morgan Stanley Smith Barney.

Financial Industry Regulatory Authority (FINRA) CRD records show that Oklahoma-based Wells Fargo Clearing Services broker/adviser David Ridenour has received resolved or pending customer disputes.

According to his BrokerCheck report, he has received one customer complaint, one pending customer complaint, and one customer complaint that was closed.

FINRA Bars Broker Christopher Hibbard After Separation from Merrill Lynch

June 28, 2018 | Silver Law Group

Christopher Lee Hibbard (CRD #3176484) is a previously registered broker and investment advisor who has been barred from association with any FINRA-associated broker. His most recent employer was Merrill Lynch, Pierce, Fenner & Smith Incorporated (CRD #7691) of Louisville, KY, from 07/16/2010 through 01/26/2018. His previous employers include Morgan Keegan & Company, Inc. (CRD #4161), also of Louisville, and A. G. Edwards & Sons, Inc. (CRD #4) of St. Louis, MO. He has been in the industry since 1999.

Hibbard was discharged from Merrill Lynch on 01/08/2018, after allegations of “unauthorized transactions and theft.” His registration was officially terminated on 01/26/2018. As a result, FINRA conducted an inquiry and requested information from him, to which Hibbard failed to respond. As of 05/10/2018, FINRA permanently barred Hibbard from associating with any FINRA member in any capacity.

Additionally, the US Attorney’s Office in the Western District of Kentucky is investigating allegations of Hibbard’s unauthorized use of client funds during his tenure at Merrill, Lynch.