Michael Fasciglione, Broker for Aegis Capital Corp and National Securities Corporation is the Center of Multiple Customer Disputes and Regulatory Actions
On April 29, 2021, New York Attorney (AG) General Letitia James announced she has requested information from multiple baby food companies regarding high levels of inorganic arsenic discovered in infant rice cereal products.
Marcus E. Boggs is a previously registered broker and investment advisor who worked for Merrill Lynch for 12 years before being discharged after allegations in 2018. Mr. Boggs has 13 different disputes on his BrokerCheck profile.
In November 2018, a client alleged that there were unauthorized transfers made to an American Express account from the customer’s investment account. This settled for $1,005,169.59 in damages. Boggs was separated from Merrill Lynch after this dispute.
Investment Loss Claims Regarding James Michael Amour of Ausdal Financial Partners and the Bakken Drilling Funds
James Michael Amour is a FINRA regulated broker and an investment advisor with 41 years of experience spanning eight firms. Mr. Amour has three disclosures against him according to his BrokerCheck profile.
Clifford Paul Huffman and Peter Huffman are FINRA registered brokers with over 50 years of experience between them. Both Clifford and Peter are currently registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated.
Peter Huffman has 12 years of experience, all with Merrill Lynch, meanwhile Clifford has 47 years of experience working at different branches of Merrill Lynch. Clifford also is a registered investment advisor with the company.
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%.
A class action lawsuit has been brought against HRK Holdings, LLC, after an abandoned phosphate fertilizer processing plant in Manatee County developed a “significant leak” on March 25, 2021. The leak threatens local residents with 480 million gallons of toxic wastewater and poses a further danger when part of a containment wall at the site shifted.
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:
Patients who have taken the drug Xeljanz to treat certain forms of arthritis and ulcerative colitis are learning that the cure could be worse than the disease.
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.