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Brian Wurdemann (Brian M. Wurdemann CRD#4206425) is a former registered broker and investment advisor whose last known employer was RBC Capital Markets, LLC (CRD# 31194) of New York, NY. His previous employers include UBS Financial Services Inc. (CRD# 8174) of Paramus, NJ, Morgan Stanley Smith Barney (CRD# 149777) and Citigroup Global Markets Inc. (CRD# 7059), also of New York City.  He has been in the industry since 2000. In a FINRA arbitration action with RBC Capital Markets, the firm alleged that Wurdemann failed to repay a promissory note he entered into with the firm. The action requires Wurdemann to repay RBC in accordance with the note, which includes: $1,488,650.12, plus interest at an annual rate of 0.58% per annum ($23.65 per diem) Collection costs and expenses including reasonable attorneys’ fees “Any further relief as deemed fair and just”Brian Wurdemann (Brian M. Wurdemann CRD# 4206425) is a former registered broker and investment advisor whose last known employer was RBC Capital Markets, LLC (CRD# 31194) of New York, NY. His previous employers include UBS Financial Services Inc. (CRD# 8174) of Paramus, NJ, Morgan Stanley Smith Barney (CRD# 149777) and Citigroup Global Markets Inc. (CRD# 7059), also of New York City.  He has been in the industry since 2000. Continue reading ›

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Silver Law Group is pleased to announce that it has won a FINRA arbitration award on behalf of two Boston, Massachusetts investors against AGES Financial Services. The investors sought legal representation after suffering substantial losses investing in GWG, a company which claimed to profit from investing in life insurance policies but has declared bankruptcy amidst massive losses. Between 2018 and 2019, AGES recommended the investors make multiple purchases of GWG L Bonds, which ultimately collapsed when GWG entered bankruptcy in 2022. Investors are expected to suffer substantial principal losses with little chance of a meaningful recovery from the GWG bankruptcy. Silver Law Group represents investors throughout the United States in similar claims relating to GWG L Bonds, which were predominantly sold by small or regional broker-dealers. Silver Law Group is pleased to announce that it has won a FINRA arbitration award on behalf of two Boston, Massachusetts investors against AGES Financial Services. The investors sought legal representation after suffering substantial losses investing in GWG, a company which claimed to profit from investing in life insurance policies but has declared bankruptcy amidst massive losses. Continue reading ›

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Joseph Todd (Joseph Michael Todd CRD# 1830390) is a previously registered broker and investment advisor whose last known employer was Centaurus Financial (CRD# 30833) of Crystal River, FL. Previously, Todd has worked for Investors Capital Corp. (CRD# 30613) and Edward Jones (CRD# 250) of Homosassa, FL and Invest Financial Corporation (CRD# 12984) of Appleton, WI. He has been in the industry since 1988. Joseph Todd is the subject of three recent customer disputes with similar allegations of trading indiscretion, recommendation of illiquid investments, and stealing of funds that were intended for investment in safe and liquid fixed income securities through July of 2022. Those disputes were filed on 7/21/2022, 12/16/2022, and 1/6/2023, with collective requested damage amounts of $146,500. These claims are currently pending. Centaurus Financial discharged Todd on 7/21/2022 citing its reasons as “violated Firm policy and industry rules with respect to an allegation of selling away and the receipt of customer funds.” Todd allegedly refused to cooperate with the ongoing investigation and was subsequently terminated.Joseph Todd (Joseph Michael Todd CRD# 1830390) is a previously registered broker and investment advisor whose last known employer was Centaurus Financial (CRD# 30833) of Crystal River, FL. Previously, Todd has worked for Investors Capital Corp. (CRD# 30613) and Edward Jones (CRD# 250) of Homosassa, FL and Invest Financial Corporation (CRD# 12984) of Appleton, WI. He has been in the industry since 1988. Continue reading ›

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Most investors believe that their brokers will trade on their behalf with their best interests in mind. In fact, they’re required to in accordance with Regulation Best Interest, or Reg BI. In a nutshell, brokers must always use the investor’s best interest as their benchmark before making any recommendation. This includes vetting an investment and completing due diligence following their broker-dealer’s recommendations. Unfortunately, not every broker follows that rule, nor any other rule, resulting in losses for the investor. One method is when a broker continually trades in an investor’s account, but the investor sees no reasonable gains. Sometimes, the excess trading is done on margin, leading to additional charges and risks. The investor loses money and pays increasing amounts of commissions, fees, and other expenses. This process is known as churning. Churning DefinitionMost investors believe that their brokers will trade on their behalf with their best interests in mind. In fact, they’re required to in accordance with Regulation Best Interest, or Reg BI. In a nutshell, brokers must always use the investor’s best interest as their benchmark before making any recommendation. This includes vetting an investment and completing due diligence following their broker-dealer’s recommendations. Continue reading ›

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Scott Silver, Silver Law Group’s managing partner, was recently interviewed by Fox35 in Orlando for a story about an in-home nursing assistant who opened a credit card in the name of her elderly, which she used to pay for her cosmetic surgery. A press release from the Volusia County Sheriff’s office states that certified nursing assistant Tiffany Acuna, also known as Tiffany Kent, has been charged with grand theft and “fraudulent use of ID without consent of a victim 60 or older.”Scott Silver, Silver Law Group’s managing partner, was recently interviewed by Fox35 in Orlando for a story about an in-home nursing assistant who opened a credit card in the name of her elderly patient, which she used to pay for her cosmetic surgery. Continue reading ›

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­­Andrew Miles (­­Andrew William Miles CRD# 5986774) is a former registered broker and investment advisor last employed with Green Vista Capital, LLC (CRD#:293630) of Winter Park, FL until 3/10/2021. Previously, he was registered with The Strategic Financial Alliance, Inc. (CRD#:126514) of Vero Beach, FL. He has been in the industry since 2011. Andrew Miles is the subject of eight customer disputes with similar allegations, and five are currently listed as “pending”: Filed 5/2/2023, this dispute contains multiple allegations of unsuitability, negligence, fraud, breach of contract, violation of and aiding and abetting violation of the Florida Securities And Investor Protection Act, and “equitable rescission” (annulment of a contract). The customer requests damages of $700,000.Andrew Miles (­­Andrew William Miles CRD# 5986774) is a former registered broker and investment advisor last employed with Green Vista Capital, LLC (CRD#:293630) of Winter Park, FL until 3/10/2021. Previously, he was registered with The Strategic Financial Alliance, Inc. (CRD#:126514) of Vero Beach, FL. He has been in the industry since 2011. Continue reading ›

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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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