Financial Industry Regulatory Authority’s (FINRA) BrokerCheck reports that previously registered broker and investment adviser Dexter Leroy Thomas was discharged by his employer, United Planners Financial Services of America. The termination reportedly followed Thomas’ informing United Planners of his involvement with several firm-unapproved private loans and investments with people who later became clients of the firm.
Many investors have suffered substantial losses after investing in NorthStar Real Estate Income Trust (REIT) at the unsuitable recommendation of broker-dealers.
The securities lawyers at Levin, Papantonio, Thomas, Mitchell, Rafferty & Proctor, 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, liquidity needs, investment experience, or age.
Levin Papantonio Rafferty is investigating potential customer claims involving the broker Charles Bonilla, formerly employed by David Lerner Associates, Inc.
According to the Financial Industry Regulatory Authority (FINRA)’s Letter of Acceptance, Waiver, and Consent No. 2020067626001, Charles Bonilla has been suspended for five months, fined $5,000, and has been ordered to disgorge $22,417 in commissions. Bonilla’s suspension is a result of recommending energy-sector securities to his customers without having a reason to believe the investments were suitable.
When New York City Real Estate Investment Trust (REIT) listed on the New York Stock Exchange (symbol NYC), price shares plummeted 41 percent within the first day of trading. The crash hit one group of investors particularly hard—those who had purchased New York City REIT as a non-traded REIT.
The Financial Industry Regulatory Authority (FINRA)’s BrokerCheck system reports several disclosure events for broker Jeannette Adcock, currently employed by Thurston Springer Financial in Indianapolis, Indiana. According to these reports, Adcock is linked to one regulatory action, 10 customer disputes, and 10 terminations.
Now a registered investment advisor with Prime Capital Investment Advisors, LLC, Luke Michael Johnson was once registered as a broker with several securities firms, according to records gathered by the Financial Industry Regulatory Authority (FINRA)’s BrokerCheck.
In this capacity, 20 customer disputes (14 pending and six final) have been filed against Johnson, BrokerCheck reports. He also experienced three terminations.
Financial Industry Regulatory Authority (FINRA) has barred Edward (Ed) Earl Matthes from working as a broker or even associating in any capacity with a broker-dealer firm. FINRA’s BrokerCheck reports on the events that led to Matthes’ disbarment, including a 20-year history as a broker, generating multiple disclosed events—five regulatory, one criminal, one investigation, one civil, 15 customer disputes, and two terminations.
Restricted Trading & Market Manipulation Claims against Robinhood, Webull, Interactive Brokers, TD Ameritrade, E*Trade, Schwab & Other Trading Platforms
BREAKING NEWS: LEVIN PAPANTONIO RAFFERTY Investigates Restricted Trading & Market Manipulation Claims against Robinhood, Webull, Interactive Brokers, TD Ameritrade, E*Trade, Schwab & Other Trading Platforms.
Will the coronavirus crash the stock market? Who knows. But Peter J. Mougey says considering that “once in a lifetime” market crashes now happen once a decade, you’re better off worrying about investment issues you can control. Here, he shines a light on bad, life-ruining advice many investors get—and what you can do to recognize and avoid it.