Churning and Excessive Trading Archives

Churning and Excessive Trading

Allegations of Excessive Trading and Unsuitable Investment Recommendation for Merrill Lynch Broker Charles Kenahan

Adam J. Marquardt July 7, 2018

According to FINRA public records, broker Charles Ernest Kenahan has three disclosed customer disputes. FINRA (Financial Industry Regulatory Authority, Inc.) registers and regulates brokers and brokerage firms. Customers filed the disputes against Kenahan between February 2018 and May 2018. All claims are pending and allege excessive trading and unsuitable investment recommendations. The most recent claim

James Lyons’s Former Clients May Still Have Options to Recover Investment Losses

Adam J. Marquardt June 5, 2018

Marquardt Law Office LLC is interested in speaking with individuals who suffered losses while investing with James Edward Lyons. On June 4, 2018, the Financial Industry Regulatory Authority, Inc. (FINRA) barred the former Raymond James and Morgan Keegan broker from associating with firms registered with FINRA. FINRA registers and regulates securities brokers and brokerage firms.

Jason Harris Klabal’s Former Customers May Still Have Options to Recover Losses

Adam J. Marquardt May 7, 2018

On February 12, 2018, the Financial Industry Regulatory Authority, Inc. (FINRA) permanently barred Jason Harris Klabal from associating in any capacity with FINRA member firms. FINRA registers and regulates brokers and brokerage firms. Previously, FINRA suspended Klabal on December 4, 2017 for alleged misconduct. FINRA said it permanently barred Klabal after he failed to request

Laurence Torres Investors May Have Options to Recover Their Losses

Adam J. Marquardt May 2, 2018

On April 11, 2018, the Securities and Exchange Commission (SEC) stated in a press release that it had barred Laurence Torres from the securities industry and ordered him to pay more than $400,000 in penalties, disgorgement, and interest. The SEC order barring Torres was dated September 28, 2017. Torres was one of three former Alexander

William Gennity Investors May Have Options to Recover Their Losses

Adam J. Marquardt May 1, 2018

On April 11, 2018, the Securities and Exchange Commission (SEC) announced in a press release that William Gennity was one of three former Alexander Capital brokers charged with defrauding their customers. The others are Rocco Roveccio and Laurence M. Torres (Marqaurdt Law Office LLC previously reported on Rocco Roveccio). The SEC filed a complaint against

Rocco Roveccio Investors May Have Options to Recover Their Losses

Adam J. Marquardt April 30, 2018

On April 11, 2018, the Securities and Exchange Commission (SEC) announced in a press release that Rocco Reveccio was one of three former Alexandre Capital brokers charged with defrauding their customers. The others are William C. Gennity and Laurence M. Torres. The SEC filed a complaint against Reveccio and Gennity in the U.S. District Court

Caroline Korn, Pinnacle Investments Broker, Suspended for Alleged Unsuitable Mutual Funds Trades

Adam J. Marquardt April 26, 2018

FINRA announced it suspended Caroline Korn from associating with firms registered with FINRA. FINRA (Financial Industry Regulatory Authority, Inc.) registers and regulates securities brokers and brokerage firms. FINRA announced Korn’s suspension on February 16, 2018 in a Letter of Acceptance, Waiver and Consent (AWC). The AWC stated FINRA suspended Korn for four months for allegedly

William Brunner, former Broker, Barred by FINRA for Alleged Failure to Cooperate with Investigation into His Possible Unauthorized and Excessive Trades

Adam J. Marquardt April 9, 2018

On April 6, 2018, FINRA announced it barred securities broker William Brunner from associating with firms registered with FINRA. FINRA (Financial Industry Regulatory Authority, Inc.) registers and regulates securities brokers and brokerage firms. FINRA announced Brunner’s bar in a Letter of Acceptance, Waiver and Consent (AWC). The AWC stated FINRA barred Brunner for declining to

Michael Androulakis, Stockbroker at Alexander Capital, Suspended for Alleged Unsuitable Leveraged ETF Recommendations to Seniors

Adam J. Marquardt March 21, 2018

According to public records, on March 20, 2018, FINRA suspended stockbroker Michael Scott Androulakis from associating with any FINRA member firms for three months. FINRA (Financial Industry Regulatory Authority, Inc.) registers and regulates stockbrokers and brokerage firms. FINRA announced the sanction in its Letter of Acceptance, Waiver and Consent (AWC). The AWC alleges Michael Androulakis

JoeAnn Walker (JoAnne Mitchell), Former Next Financial and LPL Financial Broker, Barred by FINRA from Associating with Securities Firms

Adam J. Marquardt March 14, 2018

On March 13, 2018, FINRA barred JoeAnn Walker from associating with any FINRA member firms as of December 12, 2017. FINRA (Financial Industry Regulatory Authority, Inc.) registers and regulates stock brokers and brokerage firms. FINRA stated in a Letter of Acceptance, Waiver and Consent (“AWC”) that JoeAnn Walker was barred for allegedly failing to produce

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