A National Securities Arbitration & Investment Fraud Law Firm
CRD#1727785
Silver Law Group is investigating former Chicago, Illinois-based National Securities Corporation broker Rick Konecny, after multiple customer allegations of misrepresentation, unsuitable recommendations and overconcentration were received by FINRA.
CRD#2311741
Silver Law Group is investigating Sterling Heights, Michigan-based CoreCap broker Ernest J. Romer, after customer allegations of misrepresentation and unsuitable recommendations where received by FINRA and he was subsequently permanently barred from the industry.
CRD#2370593
Silver Law Group is investigating former Washington DC-based Morgan Stanley broker Peter J. Doyle after a customer was awarded in excess of $8,000,000 million for alleged unsuitable investment advice, misrepresentation and elder abuse.
CRD#5475175
Silver Law Group is investigating former Melville, New York-based LPL Financial broker Thomas Borruso after a customer allegation of breach of unsuitable investment recommendations and over concentration was received by FINRA.
Two brokers who worked for Windsor Street Capital, LP (also doing business as Meyers Associates, L.P.) are facing serious allegations. According to the Financial Industry Regulatory Authority (FINRA), Nas Adel Allan and Gregory Anastos are alleged to have made unsuitable investment recommendations to an elderly husband and wife, which resulted in the loss of substantial funds.
The complaint alleges that Allan and Anastos repeatedly recommended that their clients engage in short-term trading of a single security that their clients held for more than 35 years. Not only did this reportedly lead to a loss of money, but it generated almost $100,000 in commissions for the two brokers. FINRA states that “Allan’s recommendations were unsuitable in light of customers’ investment profile, lacked an economic rationale, and resulted in unwarranted losses and tax liabilities for them.”
Donald A. Devito
CRD# 1096364
Silver Law Group is investigating former Albany, New York-based Wells Fargo broker Donald A Devito after multiple FINRA complaints alleging unauthorized trading and unsuitable investment recommendations.
Silver Law Group is investigating former Memphis, Tennessee-based Wunderlich Securities Inc. (CRD#2543) broker David K. Mallett (CRD#5145838) over allegations that Mallett excessively traded customers’ accounts and made unsuitable recommendations.
According to Mallett’s FINRA BrokerCheck report, a customer filed a complaint in October of 2016 against Mallett alleging churning in the customer’s account and further that he made unsuitable recommendations. Further, the customer alleges that Mallett’s employing firm, Wunderlich Securities (CRD#2543), failed to supervise Mallett.
Wunderlich has employed Mallett from June 2016 to present day at its Memphis.
Silver Law Group is investigating former Jericho, New York Ridgeway & Conger, Inc. (CRD# 113055) Kenley Brisard (CRD# 2641960) after FINRA permanently barred the broker.
According to Brisard’s FINRA BrokerCheck report, FINRA permanently barred Brisard.
According to Brisard’s BrokerCheck report, in January 2016 Brisard was named a respondent in a FINRA complaint alleging that he sold an unregistered security. FINRA found that Brisard sold unsuitable investments at undisclosed markups of 14-33 percent using general solicitation emails that fraudulently misrepresented the product and the respondent’s role in its development.
Securities Arbitration Lawyers Blog