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:
FINRA Charges Kishan Parikh, Former Ageis Capital Corp Broker, With Allegations of Excessive Trading and Unsuitable Recommendations
The Financial Industry Regulatory Authority (FINRA) has filed a disciplinary complaint against former registered broker Kishan Parikh, also known as Sean Parikh. FINRA’s complaint alleges that while employed by Aegis Capital, Parikh made unsuitable recommendations and traded the accounts of five customers excessively during a period of time between August 2014 through 2016.
On March 17, 2021, FINRA’s Department of Enforcement filed their complaint against Parikh alleging excessive trading and unauthorized trading. The FINRA complaint includes the following specific allegations:
Former Customers of John Howley May Be Entitled to Recover Losses For Unsuitable Investment Recommendations
The Financial Industry Regulatory Authority (FINRA) has barred John C. Howley, also known as Jack C. Howley, from acting as a broker or otherwise associating with a broker-dealer firm in September of 2019. FINRA states that Howley failed to appear and provide testimony requested in connection with its investigation into allegations reported by Howley’s member firm in a Form U5 that states he failed to disclose private securities transactions to the firm and referred clients to outside investments. By refusing to appear for on-the-record testimony, Howley violated multiple FINRA rules.
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 Claims Relating to Troy Jason Goldberg and William John Braun of National Securities in Boca Raton Have Been Filed
Two brokers and investment advisers formerly employed by National Securities Corporation in Boca Raton, have been the subject to numerous customer disputes, some of which remain pending, others of which have settled, and some of which resulted in awards for the complainants. The Levin Papantonio Rafferty law firm is investigating potential claims involving losses or unsuitable recommendations made by Troy Jason Goldberg, William John Braun, and/or National Securities. Customers who suffered losses may have a right to recover their losses.
Levin Papantonio Rafferty is investigating potential customer claims involving the broker Megurditch "Mike” Patatian, formerly employed by Western International Securities.
Broker and investment adviser Jenna Kang, formerly with AXA Advisors, LLC has been barred by the Financial Industry Regulatory Authority (FINRA) from acting as a broker or otherwise associating with a broker-dealer firm. FINRA’s BrokerCheck sheds light on the customer disputes that cloud Kang’s brief career as a broker and investment adviser, ranging from 2016 to 2020. The report details one regulatory event, nine customer disputes, and one termination.
Murray Todd Peterson is a previously registered broker and investment adviser whose 35-year career included 11 customer disputes, one termination, and 5 judgments/liens, according to Financial Industry Regulatory Authority’s (FINRA) BrokerCheck.
Over the course of his career, Peterson worked with Ameriprise; SCF Securities, Inc.; WFG Investments, Inc.; Commonwealth Financial Network; and Financial Network Investment Corporation.