Brokers Thomas Joseph Logue, Bradley Carl Mascho, Clifford Ronald Reid, and John Joseph Koorey are the subject of numerous client complaints involving their mishandling of customer portfolios.
Below are the details for each broker.
Broker Jeremy Seth Rosen Accused of Unsuitable Investments for Customers While at Berthel, Fisher & Company Financial Services
Former customers of Jeremy Seth Rosen have accused the previously registered broker and investment adviser of making unsuitable investments, according to Financial Industry Regulatory Authority’s (FINRA) BrokerCheck. Rosen’s record contains disclosures of three pending and seven final customer disputes related to his time as a broker with Berthel, Fisher & Company (BFC) Planning, Inc.
Financial Industry Regulatory Authority’s (FINRA) BrokerCheck reports that FINRA has barred previously registered broker and investment advisor Jaime Michael Westenbarger from acting as a broker or otherwise associating with a broker-dealer firm. The barring follows two regulatory actions and several customer disputes against the broker, culminating in his being terminated.
From the beginning of 2020 to mid-March 2021, the following Tortoise Energy Funds have suffered substantial losses, ranging from nearly 50% to as much as 75%.
Investment Loss Allegations Against Ronald Franklin Metcalf Jr., Registered Broker and Investment Adviser in Greenville SC
Registered broker and investment adviser Ronald Franklin Metcalf Jr. has been the subject of five customer disputes related to his work for Voya Financial Advisors, according to Financial Industry Regulatory Authority’s (FINRA) BrokerCheck. Mr. Metcalf has also been an agent for Reliastar and owns Metcalf and Associates, inc. in Greenville, South Carolina.
Former Morgan Stanley Broker Michael Barry Carter Accused of Misappropriating $6 Million of Clients’ Funds
Michael Barry Carter, a broker previously registered with Morgan Stanley and Ameriprise Financial Services, and several other firms, has been the subject of three regulatory proceedings, five customer complaints, and one termination, according to Financial Industry Regulatory Authority’s (FINRA) BrokerCheck.
Regulatory Events Involving Michael Barry Carter
BrokerCheck reports that on three occasions, Carter has been subject to regulatory actions.
On February 18, 2021 a Financial Industry Regulatory Authority (FINRA) Extended Hearing Panel issued a Decision sanctioning Ricky Alan Mantei suspending him from associating with any FINRA Member firm in any capacity and fining him. The decision relates to violation of his former firm (JP Turner & Co’s) policies and involves the sale of structured certificates of deposits. Mantei has reportedly appealed this decision.
Previously registered broker Mark Paul Haye (aka Mark Haye) was the subject of eight customer disputes as a representative of NYLife Securities, LLC, according to Financial Industry Regulatory Authority’s (FINRA) BrokerCheck. The company reportedly permitted Haye to resign in June 2019 after they reviewed his business practices and questioned his capacity to fulfill his professional obligations.
Many investors have suffered substantial losses after investing in NorthStar Healthcare Income Real Estate Income Trust (REIT) at the unsuitable recommendation of broker dealers.
The securities lawyers at Levin, Papantonio, Rafferty, Proctor, Buchanan, O’Brien, Barr & Mougey, P.A. are investigating claims from investors whose broker dealers did not inform them of the risks of such an investment and/or neglected the factors of their clients’ risk tolerance, age, investment experience, or age.
The Financial Industry Regulatory Authority as well as the U.S. Securities and Exchange Commission have barred Bradley Carl Mascho from acting as a broker or investment advisor. Macho also cannot associate with firms that sell securities or provide investment advice to the public. Mascho had 20 years of experience spanning five different firms before he was barred, these firms include: