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James Dunn (James William Dunn, Jr. CRD#: 6084258) is a former registered broker and investment advisor whose last known employer was Ameriprise Financial Services, LLC (CRD#:6363) of Vienna, VA. He was previously employed with Wells Fargo Clearing Services, LLC (CRD#:19616) of Arlington, VA, and Morgan Stanley (CRD#:149777) of McLean, VA. He has been in the industry since 2012. In Dunn's 10-year career, he has a total of 20 disclosures in his FINRA record. One of those disclosures is his employment separation from Ameriprise, filed on 10/19/2021. According to his entry in BrokerCheck, Dunn voluntarily resigned “while under review for potential violation of company policy related to suitability, unauthorized trades and texting with clients.” No other information is available, and there are not yet any FINRA disciplinary actions. Of Dunn’s remaining 19 customer dispute disclosures, five are still pending. The remaining 14 have been settled with millions of dollars involved. Of the 19 disclosures, 17 disclosures indicate that Dunn purchased securities and customer accounts without the customer's specific written authorization. Some were inappropriate for the customers’ investment objectives, and still others were equity securities. Two customer disputes, filed on 8/29/2021 and 9/5/2021 allege that Dunn executed unauthorized trades in foreign securities. The first dispute is still pending, and requests damages of $1,156,433.99. The later dispute requested damages of $90,541.66 and has been settled for $100,915.49.

James William Dunn, Jr. (CRD#: 6084258) is a former registered broker and investment advisor whose last known employer was Ameriprise Financial Services, LLC (CRD#:6363) of Vienna, VA. He was previously employed with Wells Fargo Clearing Services, LLC (CRD#:19616) of Arlington, VA, and Morgan Stanley (CRD#:149777) of McLean, VA. He has been in the industry since 2012. Continue reading ›

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William LeBoeuf (CRD#: 2464080, aka “William W. Le Boeuf,” “Bill LeBeouf,” “William Walter LeBeouf”) is a former broker and investment adviser whose last known employer was Cetera Advisor Networks LLC (CRD#:13572) of Beavercreek, OH. His previous employer employers include Merrill Lynch, Pierce, Fenner & Smith Incorporated (CRD#:7691) of Miamisburg, OH, Morgan Stanley Smith Barney (CRD#:149777) and Citigroup Global Markets Inc. (CRD#:7059) of Dayton, OH.  He has been in the industry since 1994. LeBoeuf has only two disclosures in his FINRA CRD. The first one is his termination from Cetera Advisor Networks on 11/21/2019. Cetera discharged him after discovering that he had violated firm policies by participating in private securities transactions without prior firm approval. LeBoeuf had begun conducting these transactions separate from his previous employment with Merrill Lynch. He first solicited a firm client via his personal email account. LeBoeuf also emailed a presentation to his potential investors without clearly explaining the risks of the investment.  William LeBoeuf (CRD#: 2464080, aka “William W. Le Boeuf,” “Bill LeBeouf,” “William Walter LeBeouf”) is a former broker and investment adviser whose last known employer was Cetera Advisor Networks LLC (CRD#:13572) of Beavercreek, OH. His previous employer employers include Merrill Lynch, Pierce, Fenner & Smith Incorporated (CRD#:7691) of Miamisburg, OH, Morgan Stanley Smith Barney (CRD#:149777) and Citigroup Global Markets Inc. (CRD#:7059) of Dayton, OH.  He has been in the industry since 1994. Continue reading ›

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Since its inception, multiple financial products have appeared for investors to get into cryptocurrency. Recently, Investor.gov published a bulletin describing the risks of interest bearing crypto accounts. Digital-based online currency, or cryptocurrency, is one of the hottest new investments around. But because it’s so new, not even seasoned investors necessarily understand everything about this online-only investment. It was launched in 2009 as a digital currency not backed by any government nor accepted in many parts of the world as legal tender. But Bitcoin and others like it are run by a decentralized authority. Bitcoin is created, traded, distributed, and stored by way of a decentralized ledger system called a “blockchain.”Since its inception, multiple financial products have appeared for investors to get into cryptocurrency. Recently, Investor.gov published a bulletin describing the risks of interest bearing crypto accounts.

Digital-based online currency, or cryptocurrency, is one of the hottest new investments around. But because it’s so new, not even seasoned investors necessarily understand everything about this online-only investment. Continue reading ›

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On Friday, February 18, 2022, Silver Law Group and co-counsel filed a class action complaint was filed against GWG Holdings and several of its principals to recover losses suffered by investors who purchased GWG’s “L Bonds”. The Complaint was filed in the United States District Court for the Northern District of Texas and alleges violations of the federal securities laws.  Among other things, the Complaint states that: GWG’s L Bonds were designed to enrich GWG’s principals “accomplished through Defendants’ false and misleading statements and omissions . . .” “The [L Bonds] now lack value on account of GWGH’s inability to service them.” “As a result of Defendants’ wrongful acts and omissions, and the steep decline in the value of the L Bonds, Plaintiffs and other Class members have suffered significant losses and damages, which they now seek to recover through this action.” With The Class Action On File, Silver Law Group Continues Its Investigation Against Financial Advisors Silver Law Group is continuing to investigate GWG’s sales of “L-Bonds” to investors nationwide. Many investors alleged L Bonds were sold as offering investors higher yields than typical publicly traded bonds and as being backed by bundled portfolios of life insurance policies purchased on the secondary market. Unlike publicly traded securities, L Bonds are illiquid, speculative alternative investments that do not have a public market. L Bonds were sold by a network of broker-dealers across the United States. On January 27, 2022, the Wall Street Journal quoted Scott Silver highlighting that “many of our clients are retail investors who bought the bonds after hearing the products were safe and would offer a comfortable income stream for their retirement but that they were shocked to learn that their money was used to pay old investors while the company was under SEC investigation.”On Friday, February 18, 2022, Silver Law Group and co-counsel filed a class action complaint against GWG Holdings and several of its principals to recover losses suffered by investors who purchased GWG’s “L Bonds”. The Complaint was filed in the United States District Court for the Northern District of Texas and alleges violations of the federal securities laws. Among other things, the Complaint states that: Continue reading ›

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According to FINRA Disciplinary actions for February 2022, 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. However, these individuals remain bound by the securities arbitration agreement to arbitrate any disputes between themselves and their former customers:

NAME FORMER EMPLOYERS
  Antonio Bestard   Edward Jones
  Morgan Stanley
  Kevin Burckhard   Northwestern Mutual Investment Services, LLC
  Robert W. Baird & Co. Incorporated
  Odalis Duran   J.P. Morgan Securities LLC
  Chase Investment Services Corp.
  Travis Eiland   HD Vest Investment Services
  Jeremy Fortner   Wells Fargo Clearing Services, LLC
  J.P. Morgan Securities LLC
  Thomas Hagan   Morgan Stanley
  Wells Fargo Advisors, LLC
  Forrest Jones   Merrill Lynch, Pierce, Fenner & Smith Incorporated
  Fortune Financial Services, Inc.
  Evan Jordan   J.P Morgan Securities LLC
  AXA Advisors, LLC
  Marc Korsch   Arkadios Capital
  Centaurus Financial, Inc.
  Jun Ouyang   Morgan Stanley & Co. LLC
  Bryan Richey   NYLife Securities LLC
  Pruco Securities, LLC
  Dennis Riordan   Aeon Capital Inc.
  Rothschild Lieberman LLC
  Ebony Staples

Continue reading ›

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According to FINRA Disciplinary actions for February 2022, 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
  Christ Baltas   Worden Capital Management LLC
  Wilmington Capital Securities, LLC
  Timothy Flynn   Trident Partners Ltd.
  First Montauk Securities Corp.
  Robert Satterfield   Morgan Stanley
  UBS Financial Services Inc.
  George Schmidt, Jr.   Lincoln Financial Advisors Corporation
  Horner, Townsend & Kent, Inc.
  Keith Wakefield   IFS Securities
  IFS Capital Markets, LLC

Continue reading ›

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According to FINRA Disciplinary actions for February 2022, 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
  Joshua Baker   State Farm VP Management Corp.
  Anthony Bookman   Seaport Global Securities, LLC
  Pickwick Capital Partners, LLC
  Bernard Chevalier
  Michael Dorband   Berthel Fisher & Company Financial Services Inc.
  U.S. Bancorp Investments, Inc.
  Ian Ha   Infinity Financial Services
  AXA Advisors, LLC
  Ikea Huggins
  Narith Long   NYLife Securities LLC
  Northwestern Mutual Investment Services, LLC
  Frank Mathis   Fidelity Brokerage Services LLC
  TD Ameritrade, Inc.
  Christopher Ogbuehi
  Noe Ramirez III   Merrill Lynch, Pierce, Fenner & Smith Incorporated
  Chase Investment Services Corp.
  Scarlett Ramsey   NYLife Securities LLC
  Merrill Lynch, Pierce, Fenner & Smith Incorporated
  Bobby Sullins   BB&T Securities, LLC
  BB&T Investment Services, Inc.

Continue reading ›

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Robert Anthony Guidicipietro (CRD#: 1588069, aka “Robert A. Peters”) is a currently registered broker and investment advisor employed at Alexander Capital, L.P. (CRD#: 40077) of New York, NY. His previous employers include Arive Capital Markets (CRD#:8060) of Bay Ridge, NY, Aegis Capital Corp. (CRD#:15007), Holmdel, NJ, and Obsidian Financial Group, LLC (CRD#:104255, expelled by FINRA on 10/16/2013) of Red Bank, NJ. He has been in the industry since 1991. The most recent allegation of misconduct came from Guidicipietro’s tenure at Arive. From January 2019 through November 2019, Guidicipietro engaged in “excessive and unsuitable trading, including the use of margin” in the account of an elderly investor. The client, a 78-year-old retired supervisor from New York's Metropolitan Transit Authority, had a conservative investment objective and was not a seasoned investor. Guidicipietro then recommended to the client that he place a total of 56 trades in his account, all of which were on margin. Because the account setup with a cost-to-equity ratio of 34 required the customer’s account to grow by more than 34% to break even, the customer ultimately lost $35,219.74 in fees and commissions.Robert Anthony Guidicipietro (CRD#: 1588069, aka “Robert A. Peters”) is a currently registered broker and investment advisor employed at Alexander Capital, L.P. (CRD#: 40077) of New York, NY. His previous employers include Arive Capital Markets (CRD#:8060) of Bay Ridge, NY, Aegis Capital Corp. (CRD#:15007), Holmdel, NJ, and Obsidian Financial Group, LLC (CRD#:104255, expelled by FINRA on 10/16/2013) of Red Bank, NJ. He has been in the industry since 1991. Continue reading ›

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Investors who own GWG L Bonds have grown increasingly concerned after GWG announced in a form 8-K filed with the SEC that it would not pay investors dividends owed for January 15, 2022. Silver Law Group represents GWG L Bonds investors, and may be able to help you recover your losses. Contact us at 800-975-4345 for a no-cost, confidential consultation. The SEC is investigating GWG Holdings (GWGH), a Dallas, Texas-based financial services company that sells alternative investments and life insurance. GWG L Bonds may be in financial trouble, that could lead to investors losing a significant amount of their principal investment. The company has been late on deadlines to file its annual report, which caused NASDAQ to threaten to delist the company. In April, 2021, the company paused sales of their L Bonds. The recent 8-K stated that the GWG’s board of directors authorized management to retain the services of a restructuring advisor. GWG’s stock has plummeted on the bad news, trading as low as $2.36 after starting 2022 at $9.60.Investors who own GWG L Bonds have grown increasingly concerned after GWG announced in a form 8-K filed with the SEC that it would not pay investors dividends owed for January 15, 2022.

Silver Law Group represents GWG L Bonds investors, and may be able to help you recover your losses. Contact us at 800-975-4345 for a no-cost, confidential consultation. Continue reading ›

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Alan Appelbaum (Alan Zelig Appelbaum, CRD#: 500336) is a previously-registered broker who last worked for Aegis Capital Corp. in their Boca Raton, FL office. Appelbaum previously worked for Herbert J. Sims & Co. Inc., Ryan, Beck & Co., LLC, Gruntal & Co., LLC, and several other firms. He had been in the industry since 1976. Aegis Financial In Boca Raton, Florida FINRA recently ordered Aegis Capital Corp. to Pay $1.7 Million in restitution to customers whose accounts were excessively and unsuitably traded commonly referred to as churning. Also, two supervisors were fined and a supervisor was suspended for failing to respond to red flags and a financial advisor was sanctioned. Excessive trading frequently leads to customer losses because the fees and commissions reduce the principal value of the account and requires even greater profits for the investor to break even. Aegis has been the subject of multiple securities arbitration claims involving allegations of excessive trading, churning and unsuitable recommendations. Alan Appelbaum – Boca Raton Florida- Aegis Financial Appelbaum has 18 disclosures on his publicly-available FINRA BrokerCheck report, including 14 customer disputes: May, 2021: A customer dispute alleged unsuitable investments and requested $550,000 in damages. The dispute is pending as of this writing.

Alan Appelbaum (Alan Zelig Appelbaum, CRD# 500336) is a previously registered broker who last worked for Aegis Capital Corp. in their Boca Raton, FL office. Appelbaum previously worked for Herbert J. Sims & Co. Inc., Ryan, Beck & Co., LLC, Gruntal & Co., LLC, and several other firms. He had been in the industry since 1976. Continue reading ›

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