Securities Arbitration Lawyers Blog

MacKenzie Realty Launches Tender Offer To Purchase Phillips Edison

April 24, 2019 | Silver Law Group

Real estate investment company MacKenzie Realty Capital has made an unsolicited mini-tender offer to purchase as many as 2 million shares of the non-traded real estate investment trust (REIT) Phillips Edison & Company (PECO). Many independent broker-dealers sold Phillips Edison to retail investors promoting it as a solid investment paying substantial income.

MacKenzie’s offer is for $7.39 per share and it expires on May 3, 2019. Continue reading ›

Scott Silver Speaks To AutoNews.com About GPB’s Legal Troubles

April 23, 2019 | Silver Law Group

Scott Silver, the managing partner of Silver Law Group, recently spoke to AutoNews.com for an article about GPB Capital’s ongoing legal troubles. GPB Capital investments were sold by SagePoint Financial, National Securities, and other brokerage firms.

According to the article, GPB Capital Holdings is the majority owner of Prime Automotive Group, which is the 11^th-largest dealership group in the country. GPB is the subject of federal and state investigations, and investors are concerned. There is concern that it could collapse and leave Prime without its majority investor and cause people who’ve invested in GPB to lose their money. Continue reading ›

The Parking REIT Subject Of A Class Action Lawsuit

April 23, 2019 | Silver Law Group

A stockholder in The Parking REIT has filed class action lawsuit against the company in Nevada federal court. The lawsuit is related to the proxy statements MVP REIT II filed with the SEC to get shareholder approval to merge with MVP REIT, which created The Parking REIT.

The company is non-traded, but has filed a prospectus with the SEC to raise up to $100 million in an initial public offering and list on the NASDAQ with the symbol PARK. Continue reading ›

Registered Individuals Suspended by FINRA in March 2019 for Failing to Comply with FINRA Rules

April 19, 2019 | Silver Law Group

According to FINRA Disciplinary actions for March 2019, 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
Barrera, Cynthia	Morgan Stanley Smith Barney
Barrera, Cynthia	Merrill Lynch, Pierce, Fenner & Smith
Beyn, Edward	Rothchild Lieberman LLC
Beyn, Edward	Craig Scott Capital
Blanchard, Keith	Waddell & Reed
Block, Gabriel	First Standard Financial Co
Block, Gabriel	National Securities Corp
Brown, Danard	Joseph Stone Capital
Brown, Danard	First Standard Financial Co
Eckstein, Matthew	Sisk Investment Services
Eckstein, Matthew	Gould, Ambroson & Associates
Green, Mark	US Bancorp Investments
Green, Mark	Wells Fargo Advisors Financial Network
Harris, Heath	Citigroup Global Markets
Harris, Heath	Wells Fargo Clearing Services
Hudgins, Sandra	Ameriprise Financial Services
Hudgins, Sandra	Merrill Lynch, Pierce, Fenner & Smith
Jones, Alexander	LPL Financial
Jones, Alexander	Morgan Stanley
Lanci, Sean	First Standard Financial Co
Lanci, Sean	Rothschild Lieberman
McNutt, Jared	PNC Investments
McNutt, Jared	JP Morgan Securities
Nunez, Michael	Morgan Stanley
Nunez, Michael	JP Morgan Securities
Posillico, Paul	Aegis Capital Corp
Posillico, Paul	Obsidian Financial Group
Powers, Dorothy	Ameriprise Financial Services
Powers, Dorothy	IDS Life Insurance Co
Preston, Duncan
Puricelli, Terrance	Wells Fargo Advisors
Puricelli, Terrance	Morgan Keegan & Co
Rota, Dominic	Meyers Associates
Rota, Dominic	Rothschild Lieberman LLC
Schreiner, Phillip	Morgan Stanley
Schreiner, Phillip	Merrill Lynch, Pierce, Fenner & Smith

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.

Our lawyers have extensive experience collecting FINRA arbitration awards, prevailing on Motions to Vacate FINRA arbitration awards and using various collection efforts to enforce FINRA awards after they are received.

FINRA Suspends Registered Individuals in March 2019 for Violations of FINRA Rules

April 19, 2019 | Silver Law Group

According to FINRA Disciplinary actions for March 2019, 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
Ferree, Stuart	LPL Financial LLC
Ferree, Stuart	Invest Financial Corporation
Anderson, Andy	LPL Financial LLC
Anderson, Andy	Invest Financial
Andrzejewski, Bryan	Dean Bradley Osborne Partners LLC
Andrzejewski, Bryan	Morgan Stanley & Co
Detamore, Craig	Allstate Financial Services
Donato, Scott	Morgan Stanley
Gennity, William	First Standard Financial Company
Gennity, William	Alexander Capital
Jefferson, Vladimir	Wells Fargo Sevurities
Johnson, Anthony
Trager, Robert	PFS Investments
Trager, Robert	Primerica Financial Services
Whiting, David	Alternative Asset Investment Mgmt Securities
Whiting, David	HD Vest Investment Services

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’s March 2019 Disciplinary Actions Name Individuals Barred for Failing to Comply with FINRA Rules

April 19, 2019 | Silver Law Group

According to FINRA Disciplinary actions for March 2019, 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
Alfaro, Jennifer	JP Morgan Securities
Austin, Aaron	LPL Financial LLC
Austin, Aaron	M & T Securities, Inc
Conner, Youn
Das, Anukul	NYLife Securities
Nayeli, Rosalba	JP Morgan Securities LLC
Nayeli, Rosalba	Wells Fargo
Ferraro, Andrew	State Farm VP Mgmt Group
Ferraro, Andrew	Chris Ferraro Insurance Agency
Fidelman, Peter	Bradley Woods & Co
Fidelman, Peter	Griffen Securities Inc
Gaston, Frantz	State Farm VP Mgmt
Gaston, Frantz	Frantz Gaston Jr. Insurance Agency
Guillory, Michael	Financial West Group
Guillory, Michael	The Shemano Group, Inc
Hamm, Brandon	Wells Fargo Clearing Services
Hartigan, John	Entrustpermal Securities LLC
Hartigan, John	Calyon Financial Inc
Jones, Marques	Merrill Lynch, Pierce, Fenner & Smith Inc
Jones, Marques	Bank of America
Merlo, Robert	Allstate Financial Services
Merlo, Robert	Pruco Securities
Norris, Timothy	BMO Harris Financial Advisors
Norris, Timothy	HarrisDirect LLC
Olsen, Eric	NYLIfe Securities LLC
Olsen, Eric	Wellsfargo
Perez, Paul	Investcorp, Inc
Perez, Paul	Fintegra LLC
Sullivan, Daniel Erich	Wunderlich Securities
Sullivan, Daniel Erich	Chapdelaine & Co
Uribe, Juan	Wells Fargo Clearing Services
Uribe, Juan	JP Morgan Securities LLC
Wilson, Vance	Wells Fargo Clearing Serices
Wilson, Vance	Fidelity Brokerage Services
Witt, Robert	Voya Financial Adisors
Witt, Robert	ING Financial Partners

FINRA makes this information available, in part, to inform investors about potential red flags or problems with certain stockbrokers. If you invested with anyone in this report and have questions about your legal rights, our attorneys will talk with you at no cost to explain your legal rights and about how we can help recover your investment losses through securities arbitration or litigation.

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 Fines H. Beck $400,000 For Failing To Enforce Procedures

April 15, 2019 | Silver Law Group

The Financial Industry Regulatory Authority Inc. fined H. Beck $400,000 on November 20, 2018 for failing to maintain and enforce its own written supervisory procedures. Failing to maintain their procedures has resulted in the unsuitable sale of L-share variable annuities tied to long-term riders.

H. Beck is an independent broker-dealer based in Maryland. It has been a member of FINRA since 1954. Continue reading ›

FINRA Suspends Registered Individuals in February 2019 for Violations of FINRA Rules

April 12, 2019 | Silver Law Group

According to FINRA Disciplinary actions for February 2019, 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
Bishop, Tywan	Charles Schwab & Co., Inc
Bishop, Tywan	ETrade Securities
Borja, Mauricio	Allstate Financial Services, LLC
Conrekas, Edward	J.W. Cole Financial, Inc.
Conrekas, Edward	Morgan Stanley
Delaney, Glen	Newbridge Securities Corp
Delaney, Glen	Craig Scott Capital, LLC
Flaningan, Joel	NYLife Securities LLC
Flaningan, Joel	Synergy Investment Services, LLC
Hovermale, Jeffrey	Sovereign Legacy Securities, Inc
Hovermale, Jeffrey	Family Income Planning, Inc
Marnelego, Christopher	First Standard Financial Company LLC
Marnelego, Christopher	Merriman Capital, Inc
Ness, Valerie
O’Neal, Tristan	Northwestern Mutual Investment Services, LLC
Trotter, Aaron	JP Morgan Securities LLC
Trotter, Aaron	Capital One Bank
Vrazel, Patsy
Worthington, Bruce	Founders Financial Securities LLC
Worthington, Bruce	Commonwealth Financial Network

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 February 2019, FINRA Bars Registered Individuals Due to Violations of FINRA Rules

April 12, 2019 | Silver Law Group

According to FINRA Disciplinary actions for February 2019, 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
Arizmendi, Jose	Silber Bennett Financial, Inc
Arizmendi, Jose	TCFG Wealth Management, LLC
Barrick, Tabor	FBL Marketing Services, LLC
Barrick, Tabor	Allstate Financial Services, LLC
Bogdan, David	Fidelity Brokerage
Conklin, Jeffrey	The Huntington Investment Company
Conklin, Jeffrey	Huntington National Bank
Crocker, Sierra	Voya Financial Partners
Crocker, Sierra	Suntrust Bank
Gaston, Frantz	State Farm VP Management Corp
Gaston, Frantz	Frantz Gaston Jr. Insurance Agency
Peter Gomez	NYLife Securities LLC
Peter Gomez	New York Life Insurance Co
Harris, Dionna	Vanguard Marketing Corporation
Henry, Omar	Cetera Advisors LLC
Henry, Omar	JP Morgan Securities LLC
King, Erin	Wells Fargo Clearing Services, LLC
King, Erin	Wells Fargo Bank
Lin, Linda
Lossing, Christopher	LPL Financial LLC
Lossing, Christopher	Edward Jones
McNeill, Randolph	Buckman, Buckman & Reid, Inc
McNeill, Randolph	Garden State Securities
Minichino, Richard	Next Financial Group, Inc
Minichino, Richard	Wunderlich Securities, Inc
Nicholl, Timothy
Onu, Isaac	NYLife Securities LLC
Onu, Isaac	Wells Fargo Advisors, LLC
Peskar, Denise	Pruco Securities, LLC
Peskar, Denise	The Prudential Insurance Co of America
Schwede, Jaime
Simon, Justin	NYLife Securities LLC
Simon, Justin	Country Capital Management Co
Sredich, Kimberly
Stephens, Dudley	Coastal Equities, Inc
Stephens, Dudley	Prospera Financial Services, Inc
Strawn, Brandon
Tinsley, Sean	Park Avenue Securities LLC
Tinsley, Sean	AXA Advisors, LLC
Trussell, Derrick	PFS Investments Inc
Vailiancourt Jr., Peter	Fidelity Brokerage Services LLC
Wood, Daniel	LPL Financial LLC
Wood, Daniel	Morgan Stanley Smith Barney
Wright, Bryan	Pruco Securities, LLC
Wright, Bryan	The Prudential Insurance Company of America

FINRA makes this information available, in part, to inform investors about potential red flags or problems with certain stockbrokers. If you invested with anyone in this report and have questions about your legal rights, our attorneys will talk with you at no cost to explain your legal rights and about how we can help recover your investment losses through securities arbitration or litigation.

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 Names Individuals Suspended in February 2019 for Failing to Comply with FINRA Rules

April 12, 2019 | Silver Law Group

According to FINRA Disciplinary actions for February 2019, 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
Grossman, Robert	David Lerner Associates, Inc
	National Planning Corporation
Jacobowitz, Oded	Securities America, Inc
	JP Morgan Securities LLC
James, Garland	Garden State Securities, Inc
	Global Arena Capital Corp
Konz, Rachel	Morgan Stanley
	Wells Fargo Advisors, LLC
Moltz, Brian	MML Investors Services, LLC
	Merrill Lynch, Pierce, Fenner & Smith Inc
Park, Thomas	Wells Fargo Clearing Services, LLC
	Merrill Lynch, Pierce, Fenner & Smith Inc
Royster, Brian	HD Investment Services
	LPL Financial LLC
Staff, Phillip	Ameriprise Financial Services, Inc
	Wells Fargo Advisors, LLC

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.

Our lawyers have extensive experience collecting FINRA arbitration awards, prevailing on Motions to Vacate FINRA arbitration awards and using various collection efforts to enforce FINRA awards after they are received.