Barred from Industry Archives - Marquardt Law Office

Barred from Industry

David L. Barber, Expelled Madison Avenue Securities LLC Broker, Accused of Unauthorized Trades

Adam J. Marquardt March 12, 2018

On March 5, 2018, the Financial Industry Regulatory Authority Inc. (FINRA) barred David Lloyd Barber, a former Madison Avenue Securities LLC stock broker, from associating with firms registered with FINRA. FINRA is the self-regulator of stock brokers and brokerage firms. FINRA reported David Barber’s bar in its Letter of Acceptance, Waiver and Consent (“AWC”) that

Mark Kaplan, Ex-Vanderbilt Securities LLC Broker with Seven Customer Complaints, Barred by FINRA for Alleged Excessive Trading

Adam J. Marquardt March 12, 2018

On March 7, 2018, the Financial Industry Regulatory Authority Inc. (FINRA) barred Mark Kaplan, former Vanderbilt Securities LLC stock broker, from associating with firms registered with FINRA. FINRA registers and regulates stock brokers and brokerage firms. FINRA reported Mark Kaplan’s bar a Letter of Acceptance, Waiver and Consent (“AWC”). The AWC states Kaplan was barred

Charles Henry Frieda, Former Wells Fargo Broker, Named in Fifty-Three Investor Complaints for Unsuitable Oil and Gas Investment Strategies

Adam J. Marquardt March 10, 2018

According to public records recently published by the Financial Industry Regulatory Authority (FINRA), investors have filed fifty-three separate FINRA arbitration claims against former Wells Fargo broker Charles Henry Frieda. While at Wells Fargo, Charles Frieda partnered with another broker, Charles Lynch, who was also involved in the alleged conduct. The claims alleged Charles Frieda recommended

Charles Bernard Lynch, Jr., Former Wells Fargo Broker, Named in Fifty-Six Investor Complaints for Unsuitable Oil and Gas Investment Strategies

Adam J. Marquardt March 9, 2018

According to public records recently published by the Financial Industry Regulatory Authority (FINRA), investors have filed fifty-six separate FINRA arbitration claims against former Wells Fargo broker Charles Bernard Lynch, Jr. The claims alleged Charles Lynch recommended and misrepresented unsuitable investments to his clients between 2012 and 2017. Fifty-four of the claims were filed between January

Kenneth S. Tyrrell, Former UBS Broker and Cary Street Partners Broker, Recently Barred by FINRA

Adam J. Marquardt March 9, 2018

According to a recent public notice by the Financial Industry Regulatory Authority (FINRA), Kenneth Stewart Tyrrell (Ken Tyrrell) was barred by FINRA in December 2017. Kenneth Tyrrell’s bar occurred following allegations he sold one of his customers $13 million of private equity and debt securities that his firm did not authorize him to sell. Allegedly,

Rick Konecny, Former JP Morgan and UBS Broker, Recently Named in Eight Investor Complaints

Adam J. Marquardt March 2, 2018

According to public records released by the Financial Industry Regulatory Authority (FINRA), eight customers have recently filed claims against former JP Morgan and UBS Broker Rick Douglas Konecny and FINRA has permanently barred Konecny from associating with firms registered with FINRA. Rick Konecny worked out of branch offices located in Chicago, Illinois and was registered

Former Wells Fargo Broker, Jeffrey Palish, Arrested Following Theft Accusations

Adam J. Marquardt February 23, 2018

The Bergen County Prosecutor’s Office reported that former financial advisor Jeffrey H. Palish, from Woodcliff Lake, New Jersey, was arrested on February 21, 2018 following accusations he stole money from his elderly clients. Detectives from Bergen County arrested Palish in Paramus, New Jersey and the Bergen County Prosecutor’s Office has charged him with theft by

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