If you have lost money with Steven Musielski, or Cambria Capital, LLC, contact New York securities arbitration lawyers Iorio Altamirano LLP for a free and confidential evaluation of your account.

Iorio Altamirano LLP represents investors nationwide that have disputes with their financial advisors or brokerage firms.

FINRA Letter of Acceptance, Waiver, and Consent No. 2021070896602

Steven Musielski and FINRA entered into a Letter of Acceptance, Waiver, and Consent (“AWC”) on November 9, 2021, after FINRA alleged that Musielski refused to provide documents and information in response to a FINRA Rule 8210 request, in violation of FINRA Rules 8210 and 2010.

FINRA indicated that the matter originated from its 2020 cycle exam of Cambria Capital.

FINRA Rule 8210(a)(1) states, in relevant part, that FINRA may require a person subject to its jurisdiction “to provide information orally, in writing, or electronically … and to testify at a location specified by FINRA staff … with respect to any matter involved in [a FINRA investigation [or] examination.” FINRA Rule 8210(c) further states that “[n]o … person shall fail to provide information or testimony … pursuant to this Rule.” A violation of FINRA Rule 8210 is also a violation of FINRA Rule 2010, which requires member firms and associated persons, in the conduct of their business, to “observe high standards of commercial honor and just and equitable principles of trade.”

On September 24, 2021, FINRA sent a request to Musielski for the production of information and documents pursuant to FINRA Rule 8210 in connection with an investigation into Musielski’s sales practice activity. The request sought to investigate Musielski’s potential exercise of discretion without written authorization, potential excessive trading, and potentially unsuitable investments in leveraged and inverse-leveraged securities. Through counsel, Musielski communicated to FINRA that he would not produce the information or documents requested.

By refusing to produce the information or documents as requested pursuant to FINRA Rule 8210, Musielski violated FINRA Rules 8210 and 2010.

Steven Musielski (CRD#: 2128821)

Musielski entered the securities industry in 1991 and has 30 years of experience.

Musielski has been associated with numerous firms throughout his career. On January 2, 2019, he registered with FINRA as a General Securities Representative and a General Securities Principal through Cambria Capital, LLC. On September 7, 2021, Cambria Capital filed a Form U5 stating that Musielski voluntarily terminated his association with the firm.

According to Musielski’s public FINRA CRD, he voluntarily resigned from Cambria Capital after he “made comments to Cambria’s Compliance department that he had possibly utilized time and price discretion for a period longer than the date the order was received. Cambria is investigating whether records exist to support the potential violation of industry rules and/or firm policies and procedures regarding use of time and price discretion.”

Musielski was previously registered with Spencer Edwards, Inc. in Placentia, CA, between November 2013 and December 2018. FINRA expelled the firm from the securities industry in September 2019.

How to Recover Losses or Obtain a Free Consultation

If you have lost money with Steven Musielski, or Cambria Capital, LLC, contact FINRA arbitration lawyers August Iorio and Jorge Altamirano of Iorio Altamirano LLP at august@ia-law.com, jorge@ia-law.com or toll-free at (646) 330-4624 for a free and confidential evaluation of your account.

Iorio Altamirano LLP is a securities arbitration law firm based in New York, NY. We pursue FINRA arbitration claims nationwide on behalf of investors to recover financial losses arising out of wrongful conduct by financial advisors and brokerage firms.

Customers of Mr. Lianzo, Laidlaw & Company (UK) LTD, or SW Financial should consult with a securities arbitration law firm. If you or a loved one were a customer of Joseph Lianzo, Laidlaw & Company (UK) LTD, or SW Financial LLC, contact New York securities arbitration law firm Iorio Altamirano LLP for a free and confidential consultation and review of your legal rights.

Iorio Altamirano LLP represents investors nationwide that have disputes with their financial advisors or brokerage firms, such as Laidlaw & Company (UK) Ltd or SW Financial.

FINRA Letter of Acceptance, Waiver, and Consent No. 2018058278601

FINRA and Mr. Lianzo entered into a Letter of Acceptance, Waiver, and Consent on August 31, 2021, after FINRA alleged that between March 2016 and November 2019, Mr. Lianzo excessively traded four customers’ accounts in violation of FINRA Rules 2111 and 2010. FINRA also alleged that Mr. Lianzo placed 13 unauthorized transactions in accounts of two of those four customers, in violation of FINRA Rule 2010. Specifically, FINRA alleged:

• Lianzo engaged in quantitatively unsuitable trading in the account of one customer at Laidlaw, Customer A, and in the accounts of three customers at SW Financial, Customers B, C, and D.
• Lianzo recommended the trading in the accounts for the four customers, and they routinely followed his recommendations.
• As a result, Mr. Lianzo exercised de facto control over the four customers’ accounts. Lianzo’s trading of the accounts resulted in high turnover rates and cost-to-equity ratios, as well as significant losses.
• Specifically, Mr. Lianzo engaged in quantitatively unsuitable trading in Customer A’s account. Between March 2016 and March 2017, Customer A’s account exhibited an annualized turnover rate of 35 and an annualized cost-to-equity ratio of 145%. Customer A’s account incurred losses of $42,487 and paid $15,169 in commissions.
• During the period October 2017 through November 2019, Mr. Lianzo also engaged in quantitatively unsuitable trading in the accounts of Customers B, C, and D.
• Customer B’s account exhibited an annualized turnover rate of 15 and an annualized cost-to-equity ratio of 65%. Customer B’s account incurred losses of $95,570 and paid $22,975 in commissions.
• Customer C’s account exhibited an annualized turnover rate of 18 and an annualized cost-to-equity ratio of 78%. Customer C’s account incurred losses of $112,173 and paid $51,781 in commissions.
• Customer D’s account exhibited an annualized turnover rate of 15 and an annualized cost-to-equity ratio of 72%. Customer D’s account incurred losses of $43,078 and paid $37,581 in commissions.
• Lianzo’s trading in his four customers’ accounts was excessive and unsuitable given the customers’ investment profiles.
• Therefore, Lianzo violated FINRA Rules 2111 and 2010.
• Additionally, between February 14, 2017, and March 16, 2017, while registered through Laidlaw, Mr. Lianzo placed seven trades in Customer A’s account without Customer A’s authorization, knowledge, or consent.
• Between August 9, 2018, and October 31, 2018, while registered through SW Financial, Mr. Lianzo placed six trades in Customer B’s account without Customer B’s authorization, knowledge, or consent.
• Therefore, Lianzo violated FINRA Rule 2010.

Excessive trading occurs when a financial advisor makes many trades in a customer’s account, not to benefit the customer but to generate commissions for the broker.

Churning is a more egregious variation of excessive trading. Churning refers to a situation where the broker executed an excessive number of trades and did so with the intent to defraud or reckless disregard for the customer’s interest.

Unauthorized trading often occurs in non-discretionary accounts, where a customer retains discretion. In non-discretionary accounts, brokers must obtain a customer’s permission every time before placing a trade.

Excessive trading, churning, and unauthorized trading are unethical and illegal practices. They are all also violations of securities rules and regulations and can cause enormous harm to customers.

There are two primary indicators used to evaluate whether a financial advisor excessively traded an account. The first is turnover rate, which represents the number of times a portfolio of investments is replaced for another portfolio of investments. Generally, a turnover rate of six suggests excessive trading, but a turnover rate below four can be excessive in some cases. According to FINRA, the accounts at issue had an annual turnover rate between 15 and 35.

The second indicator used to assess whether trading is excessive in an investment account is its cost-to-equity ratio. The cost-to-equity ratio measures the amount an account must appreciate to cover commissions and other expenses. That is, how much the account needs to grow just to break even. A cost-to-equity ratio of 20% generally indicates excessive trading has occurred. According to FINRA, the accounts at issue had cost-to-equity ratios between 65% and 145%.

Financial Advisor Joseph Augustien Lianzo (CRD No. 4516842)

Joeseph Augustien Lianzo, who had only 19 years of experience in the securities industry, has a history of customer complaints and associations with disreputable firms.

Mr. Lianzo has been affiliated with nine different brokerage firms, including two which have been expelled from the industry by FINRA:

• SW Financial, from September 2017 to the present.
• Arive Capital Markets, from March 2017 to October 2017.
• Laidlaw & Company (UK) Ltd., from September 2015 to August 2017.
• Cape Securities Inc., from August 2014 to September 2015.
• Salomon Whitney LLC, from October 2012 to August 2014.
• P. Turner & Company, L.L.C., from December 2004 to October 2012.
• New Castle Financial Group, Inc. (expelled by FINRA), from August 2004 to December 2004.
• Newbridge Securities Corporation, from April 2003 to August 2004.
• Harrison Securities, Inc. (expelled by FINRA), from April 2003 to May 2003.
• Milestone Financial Services, Inc., from April 2002 to March 2003.

Mr. Lianzo has been the subject of 2 customer complaints and securities arbitrations relating to allegations of suitability, excessive trading, churning, and unauthorized trading. Both cases resulted in monetary compensation to the harmed customer(s).

FINRA’s BrokerCheck tool can be used to obtain Mr. Lianzo’s complete and updated disclosure reports.

SW Financial and Laidlaw & Company (UK) Ltd – A Duty to Supervise

Financial institutions like SW Financial and Laidlaw & Company (UK) Ltd must properly supervise financial advisors and customer accounts. Brokerage firms must establish and maintain a reasonably designed system to oversee account activity, such as excessive trading, to ensure compliance with securities laws and industry regulations. When a brokerage firm fails to supervise its financial advisors or the investment account activity sufficiently, it may be liable for investment losses sustained by customers.

How to Recover Financial Losses or Obtain a Free Consultation

If you have suffered investment losses with Joseph Lianzo, SW Financial, or Laidlaw & Company (UK) Ltd or suspect other inappropriate activity occurred in your investment or retirement account, contact securities arbitration attorney August Iorio of Iorio Altamirano LLP. August Iorio can be reached at august@ia-law.com or toll-free at (646) 330-4624 for a free and confidential review of your legal rights.

Iorio Altamirano LLP is a securities arbitration law firm based in New York, NY. Iorio Altamirano LLP pursues FINRA claims nationwide on behalf of investors to recover financial losses arising out of wrongful conduct by stockbrokers and brokerage firms.

Customers of Mr. William Wright or National Securities Corporation can contact securities arbitration law firm Iorio Altamirano LLP for a free and confidential consultation and review of their legal rights.

Iorio Altamirano LLP represents investors nationwide that have disputes with their financial advisors or brokerage firms, such as National Securities Corporation.

FINRA Letter of Acceptance, Waiver, and Consent No. 2020068758101

William Wright and FINRA entered into a Letter of Acceptance, Waiver, and Consent (“AWC”) on August 19, 2021, after Mr. Wright refused to cooperate with a FINRA investigation. FINRA launched an investigation after National Securities Corporation discharged Mr. Wright and alleged that he borrowed money from a customer of the firm.

On June 2, 2021, in connection with FINRA’s investigation, FINRA sent a request to Mr. Wright for the production of information and documents pursuant to FINRA Rule 8210. On June 25, 2021, Mr. Wright stated in an email to FINRA that he would not produce the information or documents requested.

Mr. Wright’s refusal to provide the information and documents requested by FINRA is a violation of FINRA Rules 8210 and 2010.

Financial Advisor William Wright Jr. (CRD No. 3048195)

William Wright, Jr. had 16 years of experience in the securities industry and has been associated with eight different firms. In February 2015, Wright became affiliated with National Securities Corporation in New York, New York. National Securities Corporation terminated Mr. Wright’s employment in November 2020. In connection with the termination, the firm alleged that Mr. Wright borrowed money from a customer of the firm.

According to his BrokerCheck report, Mr. Wright is currently the subject of a customer dispute. The customer filed a securities arbitration complaint in January 2021, which alleged that Mr. Wright failed to follow the customer’s instructions. The customer is seeking $65,000 in damages. The dispute is still pending resolution.

FINRA’s BrokerCheck tool can be used to obtain Mr. Wright’s complete and updated disclosure report.

National Securities Corporation – A Duty to Supervise

Brokerage firms like Folger Nolan Fleming Douglas Incorporated must properly supervise financial advisors and customer accounts. Brokerage firms must also establish and maintain a reasonably designed system to oversee account activity to ensure compliance with securities laws and industry regulations. When a brokerage firm fails to sufficiently supervise its financial advisors or the investment account activity, it may be liable for investment losses sustained by customers.

How to Recover Financial Losses or Obtain a Free Consultation

If you have lost money with financial advisor William Wright or National Securities Corporation, contact New York securities arbitration attorney August Iorio of Iorio Altamirano LLP. August Iorio can be reached at august@ia-law.com or toll-free at (646) 330-4624 for a free and confidential evaluation of your account.

Iorio Altamirano LLP is a securities arbitration law firm based in New York, NY. Iorio Altamirano LLP pursues FINRA arbitration claims nationwide on behalf of investors to recover financial losses arising out of wrongful conduct by stockbrokers and brokerage firms.

Mr. McAdams, associated with Joseph Stone Capital from September 2015 to June 2020, has also been the subject of at least two customer complaints. The causes of action of the two complaints, which resulted in monetary compensation to the customers, included excessive trading on margin, elder abuse, false and misleading statements, fraud, negligent misrepresentation, breach of fiduciary duty, and unauthorized trading.

If you have suffered financial losses investing with Eugene McAdams or Joseph Stone Capital L.L.C., or suspect that Mr. McAdams did not have your best interest in mind when recommending investments or making account transactions, contact New York securities arbitration law firm Iorio Altamirano LLP for a free and confidential review of your legal rights.

Iorio Altamirano LLP represents investors that have disputes with their financial advisors or brokerage firms, such as Joseph Stone Capital.

Joseph Stone Capital L.L.C.

According to a 2017 investigation by Reuters, out of all of the brokerage firms in the country, Joseph Stone Capital hired the second most brokers with a history of significant disclosures. In 2021, Iorio Altamirano LLP set out to update that analysis.

The investigation revealed that seventy-six percent (76%) of Joseph Stone Capital’s brokers and supervisors have significant red flag public disclosures. Significant red flag disclosures include:

• regulatory sanctions,
• terminations of employment after allegations of misconduct,
• customer disputes that result in an award or settlement, and
• prior association with a firm that FINRA has expelled.

You can read the full investigative report here: Investigative Report: Iorio Altamirano LLP Investigation into Joseph Stone Capital L.L.C. Reveals Troubling Pasts for Owners, Executives, and Brokers

FINRA Letter of Acceptance, Waiver, and Consent No. 2020066887801

Eugene McAdams and FINRA entered into a Letter of Acceptance, Waiver, and Consent on August 3, 2021, after Mr. McAdams refused to appear for on-the-record testimony connected with FINRA’s investigation. The investigation concerned the suitability of Mr. McAdam’s recommended securities transactions in customers’ accounts while registered through Joseph Stone Capital.

On July 7, 2021, in connection with FINRA’s investigation, FINRA sent a request to Mr. McAdams for on-the-record testimony pursuant to FINRA Rule 8210. On July 7, 2021, Mr. McAdams responded by email that he would not appear for on-the-record testimony at any time.

By refusing to testify, Mr. McAdams violated FINRA Rules 8210 and 2010.

Financial Advisor Eugene A. McAdams (CRD No. 4190211)

Eugene A. McAdams had 19 years of experience in the securities industry and had been associated with 14 different firms, including three firms that have been expelled from the industry by FINRA.

Mr. McAdams has also been the subject of at least two customer disputes:

• Customer Dispute (June 2018): A customer filed a securities arbitration complaint alleging $150,000 in damages as a result of excessive and unnecessary trading on margin, elder abuse, false and misleading statements, fraud, negligent misrepresentation, and breach of fiduciary duty. McAdams denied the allegations but settled the matter for monetary compensation.
• Customer Dispute (February 2004): A customer alleged that Mr. McAdams made unauthorized transactions that resulted in $80,000 in damages. McAdams and Milestone Financial Services, Inc., the firm that employed Mr. McAdams at the time of the alleged conduct, settled the matter for $60,000.

FINRA’s BrokerCheck tool can be used to obtain Mr. McAdam’s complete and updated disclosure reports.

Joseph Stone Capital – A Duty to Supervise

Financial institutions like Joseph Stone Capital must properly supervise financial advisors and customer accounts. Brokerage firms must establish and maintain a reasonably designed system to oversee account activity, such as excessive trading, to ensure compliance with securities laws and industry regulations. When a brokerage firm fails to supervise its financial advisors or the investment account activity sufficiently, it may be liable for investment losses sustained by customers.

How to Recover Financial Losses or Obtain a Free Consultation

If you have suffered investment losses with Eugene McAdams or Joseph Stone Capital or suspect other inappropriate activity occurred in your investment or retirement account, contact New York securities arbitration attorney August Iorio of Iorio Altamirano LLP. August Iorio can be reached at august@ia-law.com or toll-free at (646) 330-4624 for a free and confidential review of your legal rights.

Iorio Altamirano LLP is a securities arbitration law firm based in New York, NY. Iorio Altamirano LLP pursues FINRA claims nationwide on behalf of investors to recover financial losses arising out of wrongful conduct by stockbrokers and brokerage firms.

When a financial advisor participates in a private securities transaction that is not approved by a firm, it is referred to as “selling away.” The prohibitions on selling away are designed to protect investors by ensuring that all brokers’ activities are reasonably supervised by firms that employ them. Further, securities that are sold away from a firm have not been vetted by the firm.

Customers of Mr. Booth or Valic Financial Advisors, Inc. that have suffered financial losses can contact New York securities arbitration law firm Iorio Altamirano LLP for a free and confidential consultation and review of their legal rights.

Iorio Altamirano LLP represents investors nationwide that have disputes with their financial advisors or brokerage firms, such as Valic Financial Advisors, Inc.

FINRA Letter of Acceptance, Waiver, and Consent No. 2021069207301

Enoch S. Booth and FINRA entered into a Letter of Acceptance, Waiver, and Consent (“AWC”) on July 20, 2021, after Mr. Booth refused to provide documents connected with FINRA’s investigation.

On June 29, 2021, in connection with FINRA’s investigation, FINRA sent a request to Mr. Booth for the production of documents pursuant to FINRA Rule 8210. The request south documents in connection with FINRA’s investigation into facts surrounding Mr. Booth’s termination from Valic Financial Advisors, Inc. On June 29, 2021, Mr. Booth stated in an email that he would not produce the requested documents.

By refusing to cooperate with FINRA’s investigation, Mr. Booth violated FINRA Rules 8210 and 2010.

Accordingly, he has been barred by FINRA from associating with any FINRA member brokerage firm in any capacity.

Valic Financial Advisors, Inc. – Supervisory Duties

Brokerage firms like Valic Financial Advisors, Inc. must properly supervise financial advisors and customer accounts. Brokerage firms must also establish and maintain a reasonably designed system to oversee account activity to ensure compliance with securities laws and industry regulations. When a brokerage firm fails to sufficiently supervise its financial advisors or the investment account activity, it may be liable for investment losses sustained by customers.

How to Recover Financial Losses or Obtain a Free Consultation

If you have lost money with financial advisor Enoch Booth or Valic Financial Advisors, Inc., contact New York securities arbitration attorney August Iorio of Iorio Altamirano LLP. August Iorio can be reached at august@ia-law.com or toll-free at (646) 330-4624 for a free and confidential evaluation of your legal rights.

Iorio Altamirano LLP is a securities arbitration law firm based in New York, NY. Iorio Altamirano LLP pursues FINRA arbitration claims nationwide on behalf of investors to recover financial losses arising out of wrongful conduct by stockbrokers and brokerage firms.

Iorio Altamirano LLP is a bilingual law firm, fluent in both English and Spanish.

Customers of Mr. Giovino or GWN Securities Inc. can contact New York securities arbitration law firm Iorio Altamirano LLP for a free and confidential consultation and review of their legal rights.

Iorio Altamirano LLP represents investors nationwide that have disputes with their financial advisors or brokerage firms, such as GWN Securities Inc.

FINRA Letter of Acceptance, Waiver, and Consent No. 202107092701

Ronald J. Giovino, Jr. and FINRA entered into a Letter of Acceptance, Waiver, and Consent (“AWC”) on July 8, 2021, after Mr. Giovino refused to provide documents and information connected with FINRA’s investigation into whether Mr. Giovino converted customer funds.

On April 23, 2021, in connection with FINRA’s investigation, FINRA sent a request to Mr. Giovino for the production of documents and information pursuant to FINRA Rule 8210. Although Mr. Giovino produced certain information and documents, he failed to make a complete production. On June 4, 2021, FINRA made an additional request for the production of the outstanding documents. On June 28, 2021, Mr. Giovino, through counsel, stated in a phone call with FINRA that he would not produce information and documents.

By refusing to cooperate with FINRA’s investigation, Mr. Giovino violated FINRA Rules 8210 and 2010.

Financial Advisor Ronald Joseph Giovino, Jr. (CRD No. 2236071)

Ronald Joseph Giovino had 29 years of experience in the securities industry and has been registered with the following firms:

• GWN Securities, Inc., from March 2004 to July 2021.
• Legend Equities Corporation, from August 2013 to November 2013.
• Money Concepts Capital Corp, from July 2003 to August 2004.
• Royal Alliance Associates, Inc., from December 2002 to July 2003.
• Prime Capital Services, Inc., from September 2001 to December 2002.
• Legend Equities Corporation, from January 1994 to September 2001.
• Legend Capital Corporation, from May 1992to January 1994.

According to his BrokerCheck report, Mr. Giovino is the subject of a pending customer complaint related to an inherited IRA account. The customers wanted to use the inherited IRA account to pay off some debt and keep the remaining assets in the inherited IRA. Mr. Giovino allegedly told the customers that they could take a full distribution and then rollover the proceeds that they did not need to pay off their debt. According to the disclosure, Mr. Giovino’s representation was not correct, and the customers were subjected to unnecessary tax liability. The customer dispute is pending.

GWN Securities Inc. – Supervisory Duties

Brokerage firms like GWN Securities Inc. must properly supervise financial advisors and customer accounts. Brokerage firms must also establish and maintain a reasonably designed system to oversee account activity to ensure compliance with securities laws and industry regulations. When a brokerage firm fails to sufficiently supervise its financial advisors or the investment account activity, it may be liable for investment losses sustained by customers.

How to Recover Financial Losses or Obtain a Free Consultation

If you have lost money with financial advisor Ronald Giovino or GWN Securities Inc., contact New York securities arbitration attorney August Iorio of Iorio Altamirano LLP. August Iorio can be reached at august@ia-law.com or toll-free at (646) 330-4624 for a free and confidential evaluation of your legal rights.

Iorio Altamirano LLP is a securities arbitration law firm based in New York, NY. Iorio Altamirano LLP pursues FINRA arbitration claims nationwide on behalf of investors to recover financial losses arising out of wrongful conduct by stockbrokers and brokerage firms.

Iorio Altamirano LLP is a bilingual law firm, fluent in both English and Spanish.

Mr. Rigsbee was associated with Wells Fargo Clearing Services, LLC in Sacramento, CA, from October 2016 until April 2021.

Customers of Mr. Rigsbee or Wells Fargo can contact New York securities arbitration law firm Iorio Altamirano LLP for a free and confidential consultation and review of their legal rights.

Iorio Altamirano LLP represents investors nationwide that have disputes with their financial advisors or brokerage firms, such as Wells Fargo.

FINRA Letter of Acceptance, Waiver, and Consent No. 2021071026301

Tyler Rigsbee and FINRA entered into a Letter of Acceptance, Waiver, and Consent (“AWC”) on July 7, 2021, after Mr. Rigsbee refused to provide documents and information connected with FINRA’s investigation into allegations made by Wells Fargo in connection with his termination in April 2021.

According to Mr. Rigsbee BrokerCheck report, Wells Fargo discharged Mr. Rigsbee on April 7, 2021, after alleging that he “was terminated during the course of an internal review where documents appear to show that client funds were received in his personal bank account after being transferred from Wells Fargo to a third-party broker-dealer, and then to his bank account, without permission from clients.” Wells Fargo further disclosed that it was notified by E-Trade that it received customer complaints about securities and funds leaving Wells Fargo and flowing into accounts opened in client names at E-Trade without client permission. E-Trade provided Wells Fargo with information that showed that funds were then transferred from E-Trade to a common Wells Fargo bank account that was controlled by Mr. Rigsbee.

On April 20, 2021, in connection with FINRA’s investigation, FINRA sent a request to Mr. Rigsbee for the production of documents and information pursuant to FINRA Rule 8210. On June 22, 2021, Mr. Rigsbee stated in an email through counsel that he would not produce information and documents.

By refusing to cooperate with FINRA’s investigation, Mr. Rigsbee violated FINRA Rules 8210 and 2010.

Financial Advisor Tyler Michael Rigsbee (CRD No. 6351278)

Tyler Michael Rigsbee had six years of experience in the securities industry and has been associated with the following firms:

• Wells Fargo Clearing Service, LLC in Sacramento, CA, from October 2016 until April 2021.
• Edward Jones in El Dorado Hills, CA, from August 2014 until October 2016.

Wells Fargo – Supervisory Duties

Brokerage firms like Wells Fargo must properly supervise financial advisors and customer accounts. Brokerage firms must also establish and maintain a reasonably designed system to oversee account activity to ensure compliance with securities laws and industry regulations. When a brokerage firm fails to sufficiently supervise its financial advisors or the investment account activity, it may be liable for investment losses sustained by customers.

How to Recover Financial Losses or Obtain a Free Consultation

If you have lost money with financial advisor Tyler Rigsbee or Wells Fargo, contact New York securities arbitration attorney August Iorio of Iorio Altamirano LLP. August Iorio can be reached at august@ia-law.com or toll-free at (646) 330-4624 for a free and confidential evaluation of your legal rights.

Iorio Altamirano LLP is a securities arbitration law firm based in New York, NY. Iorio Altamirano LLP pursues FINRA arbitration claims nationwide on behalf of investors to recover financial losses arising out of wrongful conduct by stockbrokers and brokerage firms.

Iorio Altamirano LLP is a bilingual law firm, fluent in both English and Spanish.

Mr. Swon was associated with both brokerage firm Royal Alliance Associates, Inc. and registered investment advisor Focus Financial in Bloomington, MN, from October 2012 until he was discharged by both firms in April 2021 for allegedly violating the firms’ policies regarding disclosure and approval of outside business activities.

Customers of Mr. Swon or Royal Alliance Associates, Inc., can contact New York securities arbitration law firm Iorio Altamirano LLP for a free and confidential consultation and review of their legal rights.

Iorio Altamirano LLP represents investors nationwide that have disputes with their financial advisors or brokerage firms, such as Royal Alliance Associates, Inc.

FINRA Letter of Acceptance, Waiver, and Consent No. 2021071153001

John Swon IV and FINRA entered into a Letter of Acceptance, Waiver, and Consent (“AWC”) on July 6, 2021, after Mr. Swon refused to provide documents and information connected with FINRA’s investigation into whether Mr. Swon misappropriated funds.

On May 14, 2021, in connection with FINRA’s investigation, FINRA sent a request to Mr. Swon for the production of documents and information pursuant to FINRA Rule 8210. On May 27, 2021, Mr. Swon stated in an email to FINRA that he would not produce information and documents.

By refusing to cooperate with FINRA’s investigation, Mr. Swon violated FINRA Rules 8210 and 2010.

Financial Advisor John Henry Swon IV (CRD No. 5591686)

John Henry Swon IV had 11 years of experience in the securities industry. Mr. Swon was registered as a broker with Royal Alliance Associates, Inc. in Bloomington, MN, from October 2012 until he was discharged in April 2021.

Mr. Swon was also registered as an investment advisor with Focus Financial in Bloomington, MN, from October 2012 until he was discharged in April 2021.

In April 2021, Mr. Swon received a customer complaint that alleged that he “misappropriated or otherwise mismanaged funds entrusted to him” as an investment advisory representative of Focus Financial Network Inc. According to his BrokerCheck Report, at Focus Financial Network, Mr. Swon provided portfolio reviews and gave investment advice to clients.

Royal Alliance Associates, Inc. – Supervisory Duties

Brokerage firms like Royal Alliance Associates, Inc. must properly supervise financial advisors and customer accounts. Brokerage firms must also establish and maintain a reasonably designed system to oversee account activity to ensure compliance with securities laws and industry regulations. When a brokerage firm fails to sufficiently supervise its financial advisors or the investment account activity, it may be liable for investment losses sustained by customers.

How to Recover Financial Losses or Obtain a Free Consultation

If you have lost money with financial advisor John Swon or Royal Alliance Associates, Inc., contact New York securities arbitration attorney August Iorio of Iorio Altamirano LLP. August Iorio can be reached at august@ia-law.com or toll-free at (646) 330-4624 for a free and confidential evaluation of your legal rights.

Iorio Altamirano LLP is a securities arbitration law firm based in New York, NY. Iorio Altamirano LLP pursues FINRA arbitration claims nationwide on behalf of investors to recover financial losses arising out of wrongful conduct by stockbrokers and brokerage firms.

Iorio Altamirano LLP is a bilingual law firm, fluent in both English and Spanish.

Customers of Mr. Ceja or PFS Investments, Inc., can contact New York securities arbitration law firm Iorio Altamirano LLP for a free and confidential consultation.

Iorio Altamirano LLP represents investors nationwide that have disputes with their financial advisors or brokerage firms, such as PFS Investments Inc.

FINRA Letter of Acceptance, Waiver, and Consent No. 2021070491301

Juan M. Ceja and FINRA entered into a Letter of Acceptance, Waiver, and Consent (“AWC”) on July 1, 2021, after Mr. Ceja refused to provide documents and information connected with FINRA’s investigation. The investigation originated after PFS Investments, Inc. discharged Mr. Ceja on February 4, 2021, and alleged that he falsified the electronic signatures of the firm’s insurance affiliate clients between April 2020 and September 2020 in order to renew 104 term life insurance policies that had lapsed. Mr. Ceja received over $30,000 in advanced commissions.

On May 20, 2021, in connection with FINRA’s investigation, FINRA sent a request to Mr. Ceja for the production of documents and information pursuant to FINRA Rule 8210. On June 10, 2021, Mr. Ceja stated in a telephone conversation with FINRA that he would not produce information and documents.

By refusing to cooperate with FINRA’s investigation, Mr. Ceja violated FINRA Rules 8210 and 2010.

Financial Advisor Juan Manuel Ceja (CRD No. 2732374)

Juan Manuel Ceja had 20 years of experience in the securities industry, all with PFS Investments, Inc. in Medford, Oregon. Mr. Ceja was also associated with Primerica Financial Services, a co-located affiliate of PFS Investments, Inc., since 1994.

According to his BrokerCheck report, Mr. Ceja was also the subject of a $10,859 IRS Tax lien in 2011.

PFS Investments, Inc. – Supervisory Duties

Brokerage firms like PFS Investments, Inc. must properly supervise financial advisors and customer accounts. Brokerage firms must also establish and maintain a reasonably designed system to oversee account activity to ensure compliance with securities laws and industry regulations. When a brokerage firm fails to sufficiently supervise its financial advisors or the investment account activity, it may be liable for investment losses sustained by customers.

How to Recover Financial Losses or Obtain a Free Consultation

If you have lost money with financial advisor Juan Ceja or PFS Investments, Inc., contact New York securities arbitration attorney August Iorio of Iorio Altamirano LLP. August Iorio can be reached at august@ia-law.com or toll-free at (646) 330-4624 for a free and confidential evaluation of your legal rights.

Iorio Altamirano LLP is a securities arbitration law firm based in New York, NY. Iorio Altamirano LLP pursues FINRA arbitration claims nationwide on behalf of investors to recover financial losses arising out of wrongful conduct by stockbrokers and brokerage firms.

Iorio Altamirano LLP is a bilingual law firm, fluent in both English and Spanish.

If you have suffered financial losses investing with Marc R. Lippman or Folger Nolan Fleming Douglas Incorporated, contact securities arbitration law firm Iorio Altamirano LLP for a free and confidential consultation.

Iorio Altamirano LLP represents investors nationwide that have disputes with their financial advisors or brokerage firms, such as Folger Nolan Fleming Douglas Incorporated.

FINRA Letter of Acceptance, Waiver, and Consent No. 2021071514101

Marc R. Lippman and FINRA entered into a Letter of Acceptance, Waiver, and Consent (“AWC”) on June 17, 2021, after FINRA alleged that Mr. Lippman provided false information to FINRA during on-the-record testimony regarding whether he was aware that his customer was deceased at the time of entering a securities transaction in the customer’s account. Specifically, FINRA alleged:

• On February 25, 2017, Mr. Lippman’s customer died.
• On February 27, 2017, Mr. Lippman was aware that the customer had died and placed a trade in the customer’s account, selling approximately $80,000 in securities.
• Despite knowing that the customer died, Mr. Lippman effectuated this transaction without permission or consent.
• Following the transaction, Lippman distributed the funds to one of the customer’s family members.
• FINRA investigated Mr. Lippman concerning whether he knew a customer was deceased at the time he entered a securities order in the customer’s account.
• Pursuant to FINRA Rule 8210, FINRA took his on-the-record testimony under oath.
• During his on-the-record testimony, Mr. Lippman falsely stated that he was unaware of his customer’s death at the time of entering a securities transaction in the customer’s account.

Accordingly, Mr. Lippman violated FINRA Rule 2010 for placing unauthorized trades, and FINRA Rules 8210 and 2010 for providing false testimony.

Financial Advisor Marc Romeyn Lipman (CRD No. 1575995)

Marc Lippman had 33 years of experience in the securities industry and has been associated with seven different firms. In December 2009, Mr. Lippman became affiliated with Folger Nolan Fleming Douglas Incorporated in Washington, DC. Folger Nolan Fleming Douglas Incorporated terminated Mr. Lippman’s employment in December 2020. In connection with the termination, the firm alleged that it had learned that statements made by Mr. Lippman regarding the date he became aware of a client’s death were inconsistent with an email he had written prior to making such statements.

According to his BrokerCheck report, Mr. Lippman was the subject of a customer dispute in February 2020. The customer alleged that Mr. Lippman breached his fiduciary duty and caused $686,000 in damages related to a mutual fund. The matter was settled by Folger Nolan Fleming Douglas Incorporated and Mr. Lippman for $326,500. Mr. Lippman personally contributed $75,000.

Supervisory Duties

Brokerage firms like Folger Nolan Fleming Douglas Incorporated must properly supervise financial advisors and customer accounts. Brokerage firms must also establish and maintain a reasonably designed system to oversee account activity to ensure compliance with securities laws and industry regulations. When a brokerage firm fails to sufficiently supervise its financial advisors or the investment account activity, it may be liable for investment losses sustained by customers.

How to Recover Financial Losses or Obtain a Free Consultation

If you have lost money with financial advisor Marc R. Lippman or Folger Nolan Fleming Douglas Incorporated, contact New York securities arbitration attorney August Iorio of Iorio Altamirano LLP. August Iorio can be reached at august@ia-law.com or toll-free at (646) 330-4624 for a free and confidential evaluation of your account.

Iorio Altamirano LLP is a securities arbitration law firm based in New York, NY. Iorio Altamirano LLP pursues FINRA arbitration claims nationwide on behalf of investors to recover financial losses arising out of wrongful conduct by stockbrokers and brokerage firms.

According to a 2017 investigation by Reuters, Worden Capital Management hired more brokers with a history of significant disclosures than all but twenty-three other firms in the country. In 2021, Iorio Altamirano LLP set out to update that analysis.

The investigation revealed that fifty-four percent (54%) of Worden Capital Management’s brokers and supervisors have significant “red flag” public disclosures. Significant red flag disclosures include:

• regulatory sanctions,
• terminations of employment after allegations of misconduct,
• customer disputes that result in an award or settlement, and
• prior association with a firm that FINRA has expelled.

You can read the full investigative report here: Investigative Report: Worden Capital Management LLC’s Owners, Executives, and Brokers Have Concerning Red Flag Disclosures

If you have suffered financial losses investing with Salvatore Pizzimenti or Worden Capital Management, contact New York securities arbitration law firm Iorio Altamirano LLP for a free and confidential review of your account.

Iorio Altamirano LLP represents investors nationwide that have disputes with their financial advisors or brokerage firms, such as Worden Capital Management.

FINRA Letter of Acceptance, Waiver, and Consent No. 2019060753501

Salvatore Pizzimenti and FINRA entered into a Letter of Acceptance, Waiver, and Consent (“AWC”) on June 11, 2021, after Mr. Pizzimenti refused to provide on-the-record testimony connected with FINRA’s investigation. The investigation concerned Mr. Pizzimenti’s trading of customer accounts while he was associated with Worden Capital Management.

On May 26, 2021, in connection with FINRA’s investigation, FINRA sent a request to Mr. Pizzimenti for on-the-record testimony pursuant to FINRA Rule 8210. On May 26, 2021, Mr. Pizzimenti, through counsel, stated on a phone call that he would not appear for on-the-record testimony at any time.

By refusing to testify, Mr. Pizzimenti violated FINRA Rules 8210 and 2010.

Financial Advisor Salvatore Pizzimenti (CRD No. 2879580)

Salvatore Pizzimenti had 15 years of experience in the securities industry and has been associated with seven different firms, including two firms that have been expelled by FINRA:

• Worden Capital Management, from November 2016 to December 2019.
• Legend Securities, Inc. (expelled by FINRA), from August 2011 to November 2016.
• P. Turner & Company, L.L.C., from February 2010 to August 2011.
• National Securities Corporation, from January 2009 to February 2010.
• Pointe Capital, Inc., from January 2007 to January 2009.
• Great Eastern Securities, Inc., from September 2005 to January 2007.
• Salomon Grey Financial Corporation (expelled by FINRA), from November 2004 to September 2005.

According to his BrokerCheck report, Mr. Pizzimenti has been the subject of at least five customer complaints, including a pending dispute. The pending dispute was filed in January 2021 by a customer alleging that Mr. Pizzimenti, while associated with Worden Capital Management, caused nearly $90,000 in damages. The customer filed a securities arbitration complaint, which included the following causes of action: churning and quantitative suitability, and misrepresentation, and unsuitability.

Excessive trading occurs when a financial advisor makes many trades in a customer’s account, not to benefit the customer but to generate commissions for the broker.

Churning is a more egregious variation of excessive trading. Churning refers to a situation where the broker executed an excessive number of trades and did so with the intent to defraud or reckless disregard for the customer’s interest. Churning is unethical and illegal and can cause enormous harm to customers.

Three of the other four customer disputes also involved allegations of churning. All four of the other disputes have been resolved by settlement:

• Customer Dispute (January 2013): A customer filed a securities arbitration complaint alleging $500,000 in damages as a result of churning and unsuitable recommendations. The dispute was settled by Mr. Pizzimenti.
• Customer Dispute (August 2012): A customer filed a securities arbitration complaint alleging $1 million in damages. The complaint alleged negligence, churning, unsuitability, fraud, breach of contract, and breach of fiduciary duty. The dispute was settled by J.P. Turner & Company and Mr. Pizzimenti for $240,000. Mr. Pizzimenti contributed $120,000.
• Customer Dispute (July 2012): A customer filed a securities arbitration complaint alleging $4 million in damages. The complaint alleged negligence, breach of fiduciary duty, breach of contract, misrepresentation, and unsuitable and excessive trading. The dispute was settled by National Securities Corporation and Mr. Pizzimenti for $70,000.
• Customer Dispute (April 2008): A customer filed a securities arbitration complaint alleging that Mr. Pizzimenti failed to follow instructions related to the recommendation and purchase of technology stocks. The dispute was settled for $130,000 by Mr. Pizzimenti.

Supervisory Duties

Brokerage firms like Worden Capital Management must properly supervise financial advisors and customer accounts. Brokerage firms must also establish and maintain a reasonably designed system to oversee account activity, such as churning, to ensure compliance with securities laws and industry regulations. When a brokerage firm fails to sufficiently supervise its financial advisors or the investment account activity, it may be liable for investment losses sustained by customers.

How to Recover Financial Losses or Obtain a Free Consultation

If you have lost money with financial advisor Salvatore Pizzimenti or Worden Capital Management, LLC, contact New York securities arbitration attorney August Iorio of Iorio Altamirano LLP. August Iorio can be reached at august@ia-law.com or toll-free at (646) 330-4624 for a free and confidential evaluation of your account.

Iorio Altamirano LLP is a securities arbitration law firm based in New York, NY. Iorio Altamirano LLP pursues FINRA arbitration claims nationwide on behalf of investors to recover financial losses arising out of wrongful conduct by stockbrokers and brokerage firms.

If you have suffered financial losses investing with Jeffrey Warren or Oppenheimer & Co. Inc., contact New York securities arbitration law firm Iorio Altamirano LLP for a free and confidential review of your account.

Iorio Altamirano LLP represents investors nationwide that have disputes with their financial advisors or brokerage firms, such as Oppenheimer & Co. Inc.

FINRA Letter of Acceptance, Waiver, and Consent No. 2021070775901

Jeffrey Warren and FINRA entered into a Letter of Acceptance, Waiver, and Consent (“AWC”) on May 28, 2021, after Mr. Warren refused to provide documents and information connected with FINRA’s investigation. The investigation originated from a complaint from a beneficiary of a deceased Oppenheimer customer regarding a gift the customer provided to Mr. Warren prior to the customer’s death.

On April 23, 2021, in connection with FINRA’s investigation, FINRA sent requests to Mr. Warren for information and documents pursuant to FINRA Rule 8210. On May 3, 2021, Mr. Warren, through counsel, stated in an email that he would not produce information and documents at any time.

By refusing to testify, Mr. Dixon violated FINRA Rules 8210 and 2010.

Financial Advisor Jeffrey Warren (CRD No. 2707969)

Jeffrey Warren had 25 years of experience in the securities industry and has been associated with four different firms:

• Oppenheimer & Co. Inc. in Boca Raton, Florida, from March 2009 to March 2021.
• Wachovia Securities, LLC in Boca Raton, Florida, from April 2004 to March 2009.
• UBS Financial Services, Inc. in Weehawken, New Jersey, from April 1999 to May 2004.
• Prudential Securities Incorporated in New York, New York, from March 1996 to April 1999.

According to his BrokerCheck report, Mr. Warren has been the subject of at least three customer disputes:

• Customer Dispute (February 2017): A beneficiary of a deceased customer submitted a written complaint directly to Oppenheimer & Co. Inc. The complaint alleged that a check was deposited without the beneficiary’s consent in or around January 2021. The customer did not file a securities arbitration The firm denied the beneficiary any compensation.
• Customer Dispute (February 2008): Customers filed a complaint directly to Wachovia Securities, LLC. The complaint alleged that Mr. Warren did not properly disclose the fees of Unit Investment Trusts that he recommended, and that Mr. Warren misled the customers about the safety of the investments. The customer did not file a securities arbitration The firm denied the beneficiary any compensation.
• Customer Dispute (September 20035): Customers filed a securities arbitration complaint alleging that Mr. Warren made unsuitable recommendations related to mutual funds. UBS Financial Services settled the dispute for monetary compensation.

Supervisory Duties

Brokerage firms like Oppenheimer & Co. Inc. must properly supervise financial advisors and customer accounts. Brokerage firms must also establish and maintain a reasonably designed system to oversee account activity to ensure compliance with securities laws and industry regulations. When a brokerage firm fails to sufficiently supervise its financial advisors or the investment account activity, it may be liable for investment losses sustained by customers.

How to Recover Financial Losses or Obtain a Free Consultation

If you have lost money with financial advisor Jeffrey Warren or Oppenheimer & Co. Inc., contact New York securities arbitration attorney August Iorio of Iorio Altamirano LLP. August Iorio can be reached at august@ia-law.com or toll-free at (646) 330-4624 for a free and confidential evaluation of your account.

Iorio Altamirano LLP is a securities arbitration law firm based in New York, NY. Iorio Altamirano LLP pursues FINRA arbitration claims nationwide on behalf of investors to recover financial losses arising out of wrongful conduct by stockbrokers and brokerage firms.

Reportedly, Mr. Viyella recommended that his clients invest in the Conrad Hotel, a luxury hotel in Fort Lauderdale, Florida, in which he had a personal stake. Mr. Viyella reportedly knew the hotel was facing financial difficulties, yet recommended that his clients invest in the hotel, causing them to suffer financial losses.

Mr. Viyella was registered with Morgan Stanley in Miami, Florida, from June 2009 until December 2020. He has also been associated with the following entities: Terrena Enterprises, LLC, VSHC Management, LLC, VSHC Family Limited Partnership LP, and Earthview Capital, LLC.

Since October 2019, Mr. Viyella has been the subject of five customer complaints that appear to be related to soliciting Morgan Stanley clients to participate in promissory note investments.

If you have suffered financial losses investing with Candido Viyella or Morgan Stanley, contact New York securities arbitration law firm Iorio Altamirano LLP for a free and confidential review of your account.

Iorio Altamirano LLP represents investors nationwide that have disputes with their financial advisors or brokerage firms, such as Securities America, Inc.

FINRA Letter of Acceptance, Waiver, and Consent No. 2019064630801

Candido J. Viyella and FINRA entered into a Letter of Acceptance, Waiver, and Consent (“AWC”) on May 10, 2021, after Mr. Viyella refused to provide on-the-record testimony in connection with FINRA’s investigation. The investigation originated after Morgan Stanley discharged Mr. Viyella and disclosed concerns regarding his participation, involvement, and a beneficial ownership interest in an outside investment.

On April 30, 2021, in connection with FINRA’s investigation, FINRA sent a letter to Mr. Viyella requesting the production of documents and information pursuant to FINRA Rule 8210. On April 20, 2021, Mr. Viyella, through counsel, stated on a phone call that he would not appear for on-the-record testimony at any time.

By refusing to provide the information or documents, Mr. Viyella violated FINRA Rules 8210 and 2010.

Financial Advisor Candido Jose Viyella (CRD No. 1829255)

Candido Jose Viyella had 32 years of experience in the securities industry. According to his BrokerCheck report, he has been the subject of at least five recent customer complaints:

• Customer Dispute (October 2020): Customers filed a securities arbitration claim alleging that Mr. Viyella solicited an outside investment opportunity that was not authorized by Morgan Stanley. The dispute is pending.
• Customer Dispute (October 2020): A customer filed a securities arbitration claim alleging that Mr. Viyella solicited an outside investment opportunity in or about October 2015 that was not authorized by Morgan Stanley. The customer alleged $1 million in damages. Morgan Stanley settled the matter for $140,000.
• Customer Dispute (October 2020): A customer filed a securities arbitration claim alleging that Mr. Viyella solicited an outside investment opportunity in or about October 2013 that was not authorized by Morgan Stanley. The customer alleged $500,000 in damages. Morgan Stanley settled the matter for $60,000.
• Customer Dispute (March 2020): A customer filed a legal action in Miami alleging fraudulent misrepresentation with respect to an outside investment opportunity not authorized by Morgan Stanley that was solicited by Mr. Viyella between 2013 and 2015. The customer is seeking $2 million in damages. The dispute is pending.
• Customer Dispute (October 2019): A customer filed a securities arbitration claim alleging that Mr. Viyella solicited an outside investment opportunity in or about October 2015 that was not authorized by Morgan Stanley. The dispute is pending.

When a financial advisor participates in a private securities transaction that is not approved by a firm, it is referred to as “selling away.” The prohibitions on selling away are designed to protect investors by ensuring that all brokers’ activities are reasonably supervised by firms that employ them. Further, securities that are sold away from a firm have not been vetted by the firm.

Supervisory Duties

Brokerage firms like Morgan Stanley must properly supervise financial advisors and customer accounts. Brokerage firms must also establish and maintain a reasonably designed system to oversee account activity, such as “selling away,” to ensure compliance with securities laws and industry regulations. When a brokerage firm fails to sufficiently supervise its financial advisors or the investment account activity, it may be liable for investment losses sustained by customers.

How to Recover Financial Losses or Obtain a Free Consultation

If you have lost money with financial advisor Candido Viyella or Morgan Stanley, contact New York securities arbitration attorney August Iorio of Iorio Altamirano LLP. August Iorio can be reached at august@ia-law.com or toll-free at (646) 330-4624 for a free and confidential evaluation of your account.

Iorio Altamirano LLP is a securities arbitration law firm based in New York, NY. Iorio Altamirano LLP pursues FINRA arbitration claims nationwide on behalf of investors to recover financial losses arising out of wrongful conduct by stockbrokers and brokerage firms.

Iorio Altamirano LLP is a bilingual law firm, fluent in both English and Spanish.

Mr. Dixon was registered with Securities America, Inc. in Urbana, Ohio, from September 2016 until October 2019.

If you have suffered financial losses investing with William Dixon or Securities America, Inc., contact New York securities arbitration law firm Iorio Altamirano LLP for a free and confidential review of your account.

Iorio Altamirano LLP represents investors nationwide that have disputes with their financial advisors or brokerage firms, such as Securities America, Inc.

FINRA Letter of Acceptance, Waiver, and Consent No. 2019064188001

William H. Dixon and FINRA entered into a Letter of Acceptance, Waiver, and Consent (“AWC”) on May 11, 2021, after Mr. Dixon refused to provide information and documents in connection with FINRA’s investigation. The investigation originated after Securities America, Inc. discharged Mr. Dixon and alleged that he signed his deceased client’s signature and initials on multiple annuity surrender forms.

On April 1, 2021, in connection with FINRA’s investigation, FINRA sent a letter to Mr. Dixon requesting the production of documents and information pursuant to FINRA Rule 8210. On April 16, 2021, Mr. Dixon, through counsel, stated on a phone call that he would not provide the requested information or documents at any time.

By refusing to provide the information or documents, Mr. Dixon violated FINRA Rules 8210 and 2010.

Financial Advisor William H. Dixon (CRD No. 68881)

William H. Dixon had 47 years of experience in the securities industry. According to his BrokerCheck report, he has been the subject of at least two customer complaints:

• Customer Dispute (September 2016): A customer provided a written complaint to Prudential, alleging that the variable annuity that was recommended by Mr. Dixon was not suitable. Prudential forward to the complaint to Wall Street Financial Group, which employed Mr. Dixon at the time. The firm denied the customer any compensation.
• Customer Dispute (September 2008): A customer alleged that sales charges related to a variable annuity were not disclosed. The customer did not file a securities arbitration complaint and instead complained directly to the firm, Wall Street Financial Group. The firm denied the customer any compensation, stating that it found insufficient evidence to support the claim.

Supervisory Duties

Brokerage firms like Securities America, Inc. must properly supervise financial advisors and customer accounts. Brokerage firms must also establish and maintain a reasonably designed system to oversee account activity to ensure compliance with securities laws and industry regulations. When a brokerage firm fails to sufficiently supervise its financial advisors or the investment account activity, it may be liable for investment losses sustained by customers.

How to Recover Financial Losses or Obtain a Free Consultation

If you have lost money with financial advisor William Dixon or Securities America, Inc., contact New York securities arbitration attorney August Iorio of Iorio Altamirano LLP. August Iorio can be reached at august@ia-law.com or toll-free at (646) 330-4624 for a free and confidential evaluation of your account.

Iorio Altamirano LLP is a securities arbitration law firm based in New York, NY. Iorio Altamirano LLP pursues FINRA arbitration claims nationwide on behalf of investors to recover financial losses arising out of wrongful conduct by stockbrokers and brokerage firms.

Mr. Vici was registered with PFS Investments, Inc. in Melbourne, Florida, from November 2012 until October 2019. He has also been affiliated with Primerica Financial Services, an affiliate of PFS Investments.

If you have suffered financial losses investing with Eric John Vici, PFS Investments, Inc., or Primerica Financial Services, contact New York securities arbitration law firm Iorio Altamirano LLP for a free and confidential review of your account.

Iorio Altamirano LLP represents investors nationwide that have disputes with their financial advisors or brokerage firms, such as PFS Investments, Inc. and Primerica Financial Services.

FINRA Letter of Acceptance, Waiver, and Consent No. 2021069176201

Eric John Vici (CRD No. 6114866) and FINRA entered into a Letter of Acceptance, Waiver, and Consent (“AWC”) on May 14, 2021, after Mr. Vici refused to provide information and documents in connection with FINRA’s investigation. The investigation originated from a complaint made to FINRA by the executor of a customer’s estate about his handling of the customer’s funds.

On April 9, 2021, in connection with FINRA’s investigation, FINRA sent a letter to Mr. Vici requesting on-the-record testimony pursuant to FINRA Rule 8210. On April 24, 2021, Mr. Vici stated on a phone call that he would not provide the requested information or documents at any time.

By refusing to provide the information or documents, Mr. Dellaporta violated FINRA Rules 8210 and 2010.

Supervisory Duties

Brokerage firms like PFS Investments, Inc. and Primerica Financial Services must properly supervise financial advisors and customer accounts. Brokerage firms must also establish and maintain a reasonably designed system to oversee account activity to ensure compliance with securities laws and industry regulations. When a brokerage firm fails to sufficiently supervise its financial advisors or the investment account activity, it may be liable for investment losses sustained by customers.

How to Recover Financial Losses or Obtain a Free Consultation

If you have lost money with financial advisor Eric John Vici, PFS Investments, Inc., or Primerica Financial Services, contact New York securities arbitration attorney August Iorio of Iorio Altamirano LLP. August Iorio can be reached at august@ia-law.com or toll-free at (646) 330-4624 for a free and confidential evaluation of your account.

Iorio Altamirano LLP is a securities arbitration law firm based in New York, NY. Iorio Altamirano LLP pursues FINRA arbitration claims nationwide on behalf of investors to recover financial losses arising out of wrongful conduct by stockbrokers and brokerage firms.

Mr. Martirosian, who had only 13 years of experience in the securities industry, had a history of associations disreputable broker-dealers, customer complaints, and tax liens.

Mr. Martirosian was employed by Joseph Stone Capital in New York from July 2016 until April 26, 2021

If you have suffered financial losses investing with David Martirosian or Joseph Stone Capital L.L.C., or suspect that Mr. Martirosian did not have your best interest in mind when recommending investments or making account transactions, contact New York securities arbitration law firm Iorio Altamirano LLP for a free and confidential review of your legal rights.

Iorio Altamirano LLP represents investors that have disputes with their financial advisors or brokerage firms, such as Joseph Stone Capital.

Joseph Stone Capital L.L.C.

According to a 2017 investigation by Reuters, out of all of the brokerage firms in the country, Joseph Stone Capital hired the second most brokers with a history of significant disclosures. In 2021, Iorio Altamirano LLP set out to update that analysis.

The investigation revealed that seventy-six percent (76%) of Joseph Stone Capital’s brokers and supervisors have significant red flag public disclosures. Significant red flag disclosures include:

• regulatory sanctions,
• terminations of employment after allegations of misconduct,
• customer disputes that result in an award or settlement, and
• prior association with a firm that FINRA has expelled.

You can read the full investigative report here: Investigative Report: Iorio Altamirano LLP Investigation into Joseph Stone Capital L.L.C. Reveals Troubling Pasts for Owners, Executives, and Brokers

Mr. Martirosian was one of the brokers who had serious incidents reported on his BrokerCheck report.

FINRA Letter of Acceptance, Waiver, and Consent No. 2019063251701

FINRA and Mr. Martirosian entered into a Letter of Acceptance, Waiver, and Consent No. 2019063251701 on April 26, 2021, after Mr. Martirosian refused to cooperate with a FINRA investigation into potentially unsuitable and excessive trading and his potential participation in private securities transactions while associated with Joseph Stone Capital.

On March 22, 2021, in connection with its investigation, FINRA sent a request to Mr. Martirosian for the production of information and documents pursuant to FINRA Rule 8210. On April 6, 2021, Mr. Martirosian, through counsel, stated in an email that he would not provide the requested information or documents at any time.

By refusing to provide the information or documents, Mr. Martirosian violated FINRA Rules 8210 and 2010. Accordingly, FINRA barred him from associating with any broker-dealer in all capacities.

Excessive trading occurs when a financial advisor makes many trades in a customer’s account, not to benefit the customer but to generate commissions for the broker.

Excessive trading is an unethical and illegal practice. It is also a violation of securities rules and regulations and can cause enormous harm to customers.

Financial Advisor David Martin Martirosian (CRD No. 5261144)

David Martin Martirosian had 13 years of experience in the securities industry but a history of associations disreputable broker-dealers, customer complaints, and tax liens.

In 13 years, Mr. Martirosian has been associated with nine different firms, including four firms that have been expelled by FINRA:

• Joseph Stone Capital, L.L.C. in Mineola, New York, from July 2016 to April 2021.
• Spartan Capital Securities, LLC in Garden City, New York, from January 2016 to August 2016.
• Caldwell International Securities from June 2015 to December 2015 (expelled by FINRA).
• Legend Securities Inc. in Oyster Bay, New York, from December 2013 to July 2015 (expelled by FINRA).
• SCF Securities, Inc., from August 2013 to December 2013.
• John Carris Investments LLC in Hoboken, New Jersey, from June 2013 to September 2013 (expelled by FINRA).
• Cape Securities Inc. in Bayside, New York, from June 2011 to May 2013.
• John Thomas Financial in New York, New York, from July 2009 to April 2011 (expelled by FINRA).
• National Securities Corporation in Huntington, New York, from January 2007 to July 2009.

Mr. Martirosian has also been the subject of at least three customer disputes:

• Customer Dispute (November 2017): A customer indicated that he thought he was getting an additional 15,000 shares of Fat Brands Inc. added to his 10,000-share order of the same, at the IPO price of $12.00 in the primary market. Instead, the shares were purchased on the secondary market at a higher price, and the customer was not happy. The customer, firm, and Mr. Martirosian agreed to honor the $12 IPO price. The matter was deemed a settlement of $39,077.15, in which Mr. Martirosian personally contributed $20,000.
• Customer Dispute (June 2015): A customer filed a written complaint to Legend Securities, the firm that employed Mr. Martirosian at the time of the alleged conduct. The complaint related to an equity position. The customer did not file a securities arbitration complaint, instead choosing to complain directly to the brokerage firm. The firm denied the customer any compensation.
• Customer Dispute (October 2010): A customer filed a written complaint to John Thomas Financial, the firm that employed Mr. Martirosian at the time of the alleged conduct. The complaint related to excessive commissions and fees. The customer did not file a securities arbitration complaint, instead choosing to complain directly to the brokerage firm. The firm denied the customer any compensation.

According to Mr. Martirosian’s BrokerCheck report, he has also been the subject of the following IRS tax liens:

• October 29, 2019: $10,628.90.
• November 16, 2016: $14,705.73.
• December 15, 2014: $23,890.
• February 10, 2014: $25,050.

Joseph Stone Capital – A Duty to Supervise

Financial institutions like Joseph Stone Capital must properly supervise financial advisors and customer accounts. Brokerage firms must establish and maintain a reasonably designed system to oversee account activity, such as excessive trading, to ensure compliance with securities laws and industry regulations. When a brokerage firm fails to supervise its financial advisors or the investment account activity sufficiently, it may be liable for investment losses sustained by customers.

How to Recover Financial Losses or Obtain a Free Consultation

If you have suffered investment losses with David Martirosian or Joseph Stone Capital or suspect other inappropriate activity occurred in your investment or retirement account, contact New York securities arbitration attorney August Iorio of Iorio Altamirano LLP. August Iorio can be reached at august@ia-law.com or toll-free at (646) 330-4624 for a free and confidential review of your legal rights.

Iorio Altamirano LLP is a securities arbitration law firm based in New York, NY. Iorio Altamirano LLP pursues FINRA claims nationwide on behalf of investors to recover financial losses arising out of wrongful conduct by stockbrokers and brokerage firms.

**Corrections and Clarifications: June 30, 2021**

• An earlier version of this blog post incorrectly stated that according to a 2017 investigation by Reuters, out of all of the brokerage firms in the country, Joseph Stone Capital hired the most brokers with a history of significant disclosures. According to a 2017 investigation by Reuters, out of all of the brokerage firms in the country, Joseph Stone Capital hired the second most brokers with a history of significant disclosures, not the most.

Original Post:

FINRA Files Enforcement Action Against Former Joseph Stone Capital, LLC. Broker Abdul Rahmani

The Financial Industry Regulatory Authority’s Department of Enforcement has filed a disciplinary proceeding complaint against former Joseph Stone Capital, LLC broker Abdul Rahmani. The complaint alleges that between October 2018 and March 2019, while registered with Joseph Stone Capital LLC, Mr. Rahmani engaged in undisclosed outside business activity through and on behalf of an entity called Axe Marketing Group LLC. Axe Marketing Group LLC, which also operated under the name Access Pre IPO, advertised its business as marketing and selling shares of pre-initial public offering (IPO) companies to investors. Mr. Rahmani solicited and met with prospective clients of Axe Marketing, which operated from the same office where Mr. Rahmani conducted his securities business with Joseph Stone Capital LLC.

According to the complaint, Mr. Rahmani also failed to cooperate with FINRA’s investigation and provided false and misleading information to FINRA during the investigation.

If you suffered financial losses investing with either Abdul Rahmani, or Joseph Stone Capital, LLC, contact securities arbitration law firm Iorio Altamirano LLP for a free and confidential review of your legal rights.

Joseph Stone Capital L.L.C.

According to a 2017 investigation by Reuters, out of all of the brokerage firms in the country, Joseph Stone Capital hired the second most brokers with a history of significant disclosures. In 2021, Iorio Altamirano LLP set out to update that analysis.

The investigation revealed that seventy-six percent (76%) of Joseph Stone Capital’s brokers and supervisors have significant red flag public disclosures. Significant red flag disclosures include:

• regulatory sanctions,
• terminations of employment after allegations of misconduct,
• customer disputes that result in an award or settlement, and
• prior association with a firm that FINRA has expelled.

You can read the full investigative report here: Investigative Report: Iorio Altamirano LLP Investigation into Joseph Stone Capital L.L.C. Reveals Troubling Pasts for Owners, Executives, and Brokers

Financial Advisor Abdul Martin Rahmani (CRD No. 4269583)

Mr. Rahmani had 18 years of experience in the securities industry and has been associated with nine different brokerage firms:

• Joseph Stone Capital LLC in Mineola, NY, from June 2018 to August 2020.
• Worden Capital Management in Melville, NY, from December 2017 to May 2018.
• SW Financial in Melville, NY, from August 2016 to December 2017.
• Corinthian Partners, LLC in New York, NY, from September 2013 to September 2016.
• MML Investors Services, LLC in New York, NY, from July 2008 to April 2013.
• Ameritas Investment Corp. in New York, NY, from February 2007 to July 2008.
• Signator Investors, Inc. in Boston, MA, from March 2003 to June 2006.
• Metlife Securities Inc. in Springfield, MA, from November 2000 to March 2003.
• Metropolitan Life Insurance Company in New York, NY, from November 2003 to March 2003.

On three occasions, Mr. Rahmani’s employment was terminated after allegations of misconduct. Most recently, in December 2017, Mr. Rahmani was discharged from SW Financial after he hired a sales assistant and opened a branch office under the name of his outside business without permission of the firm. In April 2013, MML fired Mr. Rahmani for conducting unapproved outside business activity while on special supervision. Finally, in March 2003, MetLife “permitted him to resign” after alleging that he violated company policies, including apparent forgery and altering company documents.

According to his public disclosure report with FINRA, Mr. Rahmani has been the subject of several monetary liens:

• $67,065.29 tax lien (2019).
• $30,063 civil judgment / lien in Kings County, NY (2013).
• $8,055 civil judgment / lien in Essex County, NY (2013).

Joseph Stone Capital LLC, Worden Capital Management, and SW Financial – Supervisory Duties

Brokerage firms like Joseph Stone Capital LLC, Worden Capital Management, and SW Financial must properly supervise financial advisors and customer accounts. Brokerage firms must also establish and maintain a reasonably designed system to oversee account activity to ensure compliance with securities laws and industry regulations. When a brokerage firm fails to sufficiently supervise their financial advisors or the investment account activity, it may be liable for investment losses sustained by customers.

How to Recover Financial Losses or Obtain a Free Consultation

If you or a loved one were a customer of Abdul Rahmani, Joseph Stone Capital LLC, Worden Capital Management, or SW Financial and either sustained financial losses or suspect that Mr. Rahmani did not have your best interest in mind when recommending investments or making account transactions, contact New York securities arbitration attorney August Iorio of Iorio Altamirano LLP. August Iorio can be reached at august@ia-law.com or toll-free at (646) 330-4624 for a free and confidential evaluation of your account.

Iorio Altamirano LLP is a securities arbitration law firm based in New York, NY. Iorio Altamirano LLP pursues FINRA arbitration claims nationwide on behalf of investors to recover financial losses arising out of wrongful conduct by stockbrokers and brokerage firms.

**Corrections and Clarifications: June 30, 2021**

• An earlier version of this blog post incorrectly stated that according to a 2017 investigation by Reuters, out of all of the brokerage firms in the country, Joseph Stone Capital hired the most brokers with a history of significant disclosures. According to a 2017 investigation by Reuters, out of all of the brokerage firms in the country, Joseph Stone Capital hired the second most brokers with a history of significant disclosures, not the most.

Original Post:

FINRA Files Enforcement Action Against Hugues Guirand, Formerly of Woodstock Financial Group, Inc. – Virginia Beach, VA

The Financial Industry Regulatory Authority’s Department of Enforcement has filed a disciplinary proceeding complaint against former broker Hugues Guirand. The complaint alleges that Mr. Guirand failed to cooperate with a FINRA investigation after a former customer filed a securities arbitration claim alleging that Mr. Guirand solicited the customer’s investment in real estate transactions without the firm’s approval. At the time of the alleged conduct, Mr. Guirand was associated with Woodstock Financial Group, Inc.

If you or a loved one were a customer of broker Hugues Guirand, or Woodstock Financial Group, Inc., contact securities arbitration law firm Iorio Altamirano LLP for a free and confidential review of your legal rights.

FINRA Disciplinary Proceeding No. 2020068395801

On April 12, 2021, the FINRA Department of Enforcement filed a complaint against broker Hugues Guirand. The complaint includes the following allegations:

• On October 19, 2020, one of Mr. Guirand’s former customers filed a statement of claim with FINRA Dispute Resolution Services alleging that Guirand solicited the customer’s investment in real estate transactions without the firm’s approval.
• FINRA commenced an investigation into Mr. Guirand’s conduct in connection with the real estate transactions.
• Between November 13, 2020, and February 26, 2021, pursuant to FINRA Rule 8210, FINRA staff sent Mr. Guirand and his counsel numerous requests for documents, information, and to appear for on-the-record testimony.
• Guirand failed to provide documents and information in response to the two requests and appear and provide testimony on two occasions. Mr. Guirand’s failure to cooperate impeded FINRA’s investigation and deprived it of material information in Mr. Guirand’s possession.
• By failing to provide information and documents in response to the two requests and by failing to appear and provide testimony requested pursuant to Rule 8210 on two occasions, Mr. Guirand violated FINRA Rules 8210 and 2010.

Financial Advisor Hugues Guirand (CRD No. 3045595)

Mr. Guirand had 20 years of experience in the securities industry and has been associated with five different brokerage firms, including two of which have been expelled from the securities industry by FINRA:

• Woodstock Financial Group, Inc, in Virginia Beach, VA, from July 2007 to April 2019.
• Quest Capital Strategies, Inc., in Laguna Hills, CA, from June 2005 to July 2007.
• Archer Alexander Securities Corporation (Expelled by FINRA), in Kansas City, MO, from April 2005 to June 2005.
• Financial World Corporation, in Overland Park, KS, from July 2002 to April 2005.
• Raike Financial Group Inc, in Woodstock, GA, from August 2000 to July 2002.
• The Minneapolis Company, Inc. (Expelled by FINRA), in Melville, NY, from July 1998 to August 2000.

According to his public disclosure report with FINRA, Mr. Guirand has been the subject of numerous tax liens:

• $21,628.12 tax lien (2015).
• $2,399.13 tax lien (2015).
• $53,524.36 tax lien (2015).
• $38,346.68 tax lien (2010).

Woodstock Financial Group, Inc – Supervisory Duties

Brokerage firms like Woodstock Financial Group, Inc must properly supervise financial advisors and customer accounts. Brokerage firms must also establish and maintain a reasonably designed system to oversee account activity to ensure compliance with securities laws and industry regulations. When a brokerage firm fails to sufficiently supervise their financial advisors or the investment account activity, it may be liable for investment losses sustained by customers.

How to Recover Financial Losses or Obtain a Free Consultation

If you or a loved one were a customer of Hugues Guirand, or Woodstock Financial Group, Inc and either sustained financial losses or suspect that Mr. Guirand did not have your best interest in mind when recommending investments or making account transactions, contact New York securities arbitration attorney August Iorio of Iorio Altamirano LLP. August Iorio can be reached at august@ia-law.com or toll-free at (646) 330-4624 for a free and confidential evaluation of your account.

Iorio Altamirano LLP is a securities arbitration law firm based in New York, NY. Iorio Altamirano LLP pursues FINRA arbitration claims nationwide on behalf of investors to recover financial losses arising out of wrongful conduct by stockbrokers and brokerage firms.

Customers of Aegis Capital, including customers that have been notified that they may be receiving restitution, should consult with a securities arbitration law firm. If you or a loved one were a customer of Aegis Capital, contact New York securities arbitration law firm Iorio Altamirano LLP for a free and confidential consultation and review of your legal rights.

**Update: July 9, 2021** Update: Former Aegis Capital Corp Broker, Kishan (Sean) Parikh, SUSPENDED by FINRA for Excessive Trading and Unauthorized Trading

Original Post:

Former Aegis Capital Corp Broker, Kishan (Sean) Parikh, Facing Disciplinary Charges by FINRA for Unsuitable Investment Recommendations and Excessive Trading

The Financial Industry Regulatory Authority’s Department of Enforcement has filed a disciplinary proceeding complaint against broker Kishan Parikh, who also goes by the name Sean Parikh. The complaint alleges that from August 2014 through 2016, while employed by Aegis Capital Corp. (“Aegis Capital”), Mr. Parikh made unsuitable recommendations and excessively traded the accounts of five of his customers.

A few weeks ago, Aegis Capital was fined $80,000 and censured by FINRA over multiple FINRA and MSRB Rules violations. The firm was also ordered to pay restitution of $43,912 to customers.

Aegis Capital has a long history of sanctions. In 2017, Aegis was included in a Reuters study that analyzed FINRA data and identified 48 firms whose brokers have been flagged for serious incidents. The Reuters’ analysis showed that Aegis Capital had 39% of its brokers with at least one of the most serious red flags, per the study, on their public disclosure.

If you were a customer of broker Kishan (Sean) Parikh or Aegis Capital Corp., contact New York securities arbitration lawyers Iorio Altamirano LLP for a free and confidential evaluation of your account.

FINRA Disciplinary Proceeding No. 2021070337401

On March 17, 2021, FINRA Department of Enforcement filed a complaint against broker Kishan Parikh. The complaint includes four causes of action: (1) Excessive Trading / Quantitative Unsuitability (FINRA Rules 2111 and 2010); (2) Unauthorized Trading (FINRA Rule 2010). The FINRA complaint includes the following specific factual allegations:

• Parikh controlled the trading in his customers’ accounts and executed 442 trades with a principal value of approximately $31.1 million.
• Parikh’s excessive and unsuitable trading in the customers’ accounts resulted in annualized turnover rates ranging from 10.9 to 199.8 and annualized cost-to-equity ratios (or break-even points) ranging from 27.5% to 59.7% and caused combined losses of more than $33,000.
• At the same time, Mr. Parikh’s trading generated gross sales credits and commissions of $179,112, of which Mr. Parikh received at least $89,000.
• Also, Mr. Parikh executed 53 trades with a total principal value of approximately $4.2 million in the accounts of two without their prior authorization.

Excessive trading occurs when a financial advisor makes many trades in a customer’s account, not to benefit the customer but to generate commissions for the broker.

There are two primary indicators used to evaluate whether a financial advisor excessively traded an account. The first is turnover rate, which represents the number of times a portfolio of investments is replaced for another portfolio of investments. Generally, a turnover rate of six suggests excessive trading, but a turnover rate below four can be excessive in some cases. FINRA’s Department of Enforcement alleged that trading in the subject accounts had turnover ratios from 10.9 to 199.8.

The second indicator used to assess whether trading is excessive in an investment account is its cost-to-equity ratio. The cost-to-equity ratio measures the amount an account must appreciate to cover commissions and other expenses. That is, how much the account needs to grow just to break-even. A cost-to-equity ratio of 20% generally indicates excessive trading has occurred. The accounts at issue had cost-to-equity ratios of 27.5% to 59.7%.

Unauthorized trading often occurs in non-discretionary accounts, where a customer retains discretion. In non-discretionary accounts, brokers must obtain a customer’s permission every time before placing a trade.

Excessive trading and unauthorized trading are unethical and illegal practices. They are all also violations of securities rules and regulations and can cause enormous harm to customers.

According to the complaint, by engaging in excessive and unsuitable trading in the Customers’ accounts, Parikh violated FINRA Rules 2111 and 2010. By engaging in unauthorized trading, Mr. Parikh violated FINRA Rule 2010.

Financial Advisor Kishan Parikh (CRD No. 5506554)

Mr. Parikh had ten years of experience in the securities industry and has been associated with the following firms:

• Aegis Capital Corp. in New York, NY, from May 2012 to April 2019.
• Max International Broker/Dealer Corp. in New York, NY, from April 2008 to May 2012.

Mr. Parikh, who has not been registered with a broker-dealer since April 2019, has also been the subject of two customer disputes.

In 2017, a customer filed a securities arbitration complaint alleging that Mr. Parikh engaged in excessive trading and made unsuitable investment recommendations. The complaint alleged $350,000 in damages. Aegis Capital settled the matter for $499,999.

In February 2021, a customer filed a securities arbitration complaint alleging unsuitable investment recommendations. The dispute is still pending.

Aegis Capital Corp. – Supervisory Duties

Brokerage firms like Aegis Capital must properly supervise financial advisors and customer accounts. Brokerage firms must also establish and maintain a reasonably designed system to oversee account activity, such as excessive trading, to ensure compliance with securities laws and industry regulations. When a brokerage firm fails to sufficiently supervise their financial advisors or the investment account activity, they may be liable for investment losses sustained by customers.

How to Recover Financial Losses or Obtain a Free Consultation

If you or a loved one were a customer of Kishan Parikh or Aegis Capital and either sustained financial losses or suspect that Mr. Parikh did not have your best interest in mind when recommending investments or making account transactions, contact New York securities arbitration attorney August Iorio of Iorio Altamirano LLP. August Iorio can be reached at august@ia-law.com or toll-free at (646) 330-4624 for a free and confidential evaluation of your account.

Iorio Altamirano LLP is a securities arbitration law firm based in New York, NY. Iorio Altamirano LLP pursues FINRA arbitration claims nationwide on behalf of investors to recover financial losses arising out of wrongful conduct by stockbrokers and brokerage firms.

See also:

Former Aegis Capital Broker Edmund Zack Suspended by FINRA – New York, NY

Aegis Capital Fined and Censured by FINRA

Steven Robert Luftschein, Formerly with Aegis Capital Corp, Barred by FINRA

Financial Advisor Anthony Tricarico Suspended by FINRA for Excessive Trading While Employed at Aegis Capital Corp. – New York, NY

Iorio Altamirano LLP Files GPB Automotive Claim Against Aegis Capital Corp