Securities Arbitration Lawyers Blog

Ernest Romer has been Barred from the Securities Industry

January 31, 2018 | Silver Law Group

The former Michigan broker’s career was filled with suspensions, investigations, and firings

In April of 2017, Ernest Julius Romer III received a permanent bar from the securities industry by the Financial Industry Regulatory Authority (FINRA). He was originally suspended by the agency, but because he didn’t request termination of the suspension, this automatically turned into a ban.

Romer began his career in 1993, and almost from the start, he found himself in trouble. In 1995 and 1998, he was permitted to resign from two brokerage firms. The first resignation was related to allegations of borrowing money from a client. The second had to do with unauthorized trading.

December 2017 FINRA Disciplinary Actions Suspend Registered Individuals for Failure to Comply with FINRA Rules

January 12, 2018 | Silver Law Group

According to FINRA Disciplinary actions for December 2017, 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
Jason N. Anderson	IFS Securities
	Kovack Securities Inc.
Johan Henrik Frisell	Cambridge Investment Research, Inc.
	Capital Wealth Strategies LLC
Deborah E. Greenlee-Keck	Coastal Equities, Inc.
	Wells Fargo Advisors, LLC
Manuel Tomas Paredes	Worden Capital Management LLC
	Spartan Capital Securities, LLC
Phillip Eugene Pistilli	Joseph Stone Capital LLC
	Spartan Capital Securities, LLC
Charles Courtney Sandoval	Allstate Financial Services, LLC
	SII Investments, 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.

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.

FINRA Suspends Registered Individuals for Violations of FINRA Rules in December 2017

January 10, 2018 | Silver Law Group

According to FINRA Disciplinary actions for December 2017, 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
Florjan Beqo	J.P. Morgan Securities LLC
Benjamin Philip Brown	State Farm VP Management Corp.
Joseph Calascione
Sonya D. Camarco	LPL Financial LLC
Sonya D. Camarco	Linsco/Private Ledger Corp
Benjamin Asa Duty	State Farm VP Management Corp.
Oscar R. Galdamez	AXA Advisors, LLC
Michael D. Graham	Northwestern Mutual Investment Services, LLC
Steven Harris	MML Investors Services, LLC
Steven Harris	MSI Financial Services, LLC
Kimberlyann Huegel	Vanguard Marketing Corporation
Kimberlyann Huegel	The Vanguard Group, Inc.
Randall William Hunt	Ameriprise Financial Services, Inc.
Randall William Hunt	Stifel, Nicolaus & Company, Inc.
Alana Marie Lewis	Edward Jones
Garrett Dalton Martin	J.P. Morgan Securities LLC
Peter Andrew O’Hara	Charles Schwab & Co., Inc.
Hong Kun Pan	Pruco Securities, LLC
Jay Anthony Pandy-Tatum	Charles Schwab & Co., Inc.
Youngsoo Park	J.P. Morgan Securities LLC
Gary Dennis Ruiz	Citigroup Global Markets, Inc.
Gary Dennis Ruiz	Capital One Investing, LLC
Simon Boowon Song	AXA Advisors, LLC
Dawn Louise Stephens	J.P. Morgan Securities LLC
Dawn Louise Stephens	Wells Fargo Advisors, LLC
Lynn Shuster Strain	Wells Fargo Clearing Services, LLC
Lynn Shuster Strain	Wells Fargo Advisors LLC
Melanie Sherry Sweet	Hamershlag Sulzberger Borg Capital Markets, Inc.
Melanie Sherry Sweet	Southlake Capital, LLC
Joseph Francis Valdini	Aegis Capital Corp.
Joseph Francis Valdini	Worden Capital Management LLC
Dawei Wang	Merrill Lynch, Pierce, Fenner &Smith Inc.
Dawei Wang	Scottrade, Inc.
Russell L. Woodley	Citizens Securities, 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.

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.

Jason Anderson, LPL Financial Under Investigation For Claims of Unauthorized Trading

January 9, 2018 | Silver Law Group

Jason N. Anderson

CRD#4370191

Silver Law Group is investigating former Beaumont, Texas-based LPL Financial broker Jason Anderson following a customer complaint alleging unauthorized trading, churning, and mismanagement in customers accounts.

Silver Law Group is Investigating Claims Against Florida-Based Raymond James Broker Ramesh Madhusudan for Unsuitable Investments and Negligent Supervision

January 9, 2018 | Silver Law Group

Ramesh Madhusudan

CRD#5389923

Silver Law Group is investigating Miami Florida-based Raymond James Financial Services broker Ramesh Madhusudan, after a customer filed a FINRA complaint alleging unsuitability and negligent supervision with alleged damages of $9,000,000

Former Oklahoma-based Broker Jay Jordan Under Investigation Following a Customer Compliant Alleging Unsuitable Investment Recommendations and Misrepresentation

January 9, 2018 | Silver Law Group

Jay D. Jordan

CRD#1776666

Silver Law Group is investigating Oklahoma City, Oklahoma-based WFG broker Jay D Jordan, after customer allegations of misrepresentation and unsuitable recommendations where received by FINRA and he was subsequently permanently barred from the industry.

Silver Law Group is Investigating Claims Against Wells Fargo Broker Carlos Mejia for Unsuitable Trading Activity

January 9, 2018 | Silver Law Group

Carlos Mejia

CRD#5011069

Silver Law Group is investigating Former Albany, New York-based Purshe Kaplan Sterling broker Carlos Mejia after he settled a customer complaint alleging unsuitable investment recommendations.