Soreide Law Group is investigating possible investor claims against securities broker Eric Edward Nicolassy [CRD#: 6244539, Red Bank, New Jersey]. Evidently, FINRA sanctioned the securities broker, who worked for Woodstock Financial Group. Notably, FINRA's accusations against the securities broker include excessive and unsuitable trading. Also, an investor filed a dispute about him. Here's more about these disclosures. However, please note that the securities broker denies the allegations.
Notably, on March 24, 2022, FINRA issued Acceptance, Waiver, and Consent (AWC) #: 2019063382401, sanctioning Eric Nicolassy. Specifically, FINRA suspended the stockbroker from associating with any FINRA member in any capacity. Evidently, this resolves the regulator's allegations that the securities broker engaged in excessive and unsuitable trading.
Also, a client of Woodstock Financial Group contested Eric Nicolassy's sales practices by filing FINRA Arbitration #: 21-02080 on October 4, 2021. Notably, accusations against the securities broker include unauthorized trading, excessive trading, unsuitable transactions, and breach of fiduciary duty. Allegedly, the stocks that Nicolassy sold or recommended resulted in damages. Therefore, the client seeks compensatory relief from Woodstock Financial Group or Nicolassy in the amount of $103,056.69 in this ongoing matter.
Have you experienced damages by investing with Eric Nicolassy? If so, contact Soreide Law Group at (888) 760-6552 and speak with a securities lawyer about a possible recovery of your investment losses. Soreide Law Group, who has successfully recovered money for hundreds of investors in all 50 states, represents clients on a contingency fee basis and advances all costs. Please keep in mind that Nicolassy and the brokerage firms Nicolassy has associated with deny any and all allegations of sales practice violations.
Steven Graham (CRD 1977736) denies the allegations in a pending customer claim filed on August 11, 2026. The disclosure names Western International Securities as the firm, and the claim involves corporate bonds. No arbitrator has ruled on it. His BrokerCheck report also lists a settled bond dispute and a federal court matter from earlier years.
A claim filed on September 11, 2024 names Thomas Hamlin (CRD 2208505) over a 10% Senior Unsecured Note in iCap Fund III. Every disclosure on his BrokerCheck report involves an iCap private placement and names Somerset Securities as the firm. Each one settled, and a settlement is not an admission of wrongdoing.
Peter Po's most recent settlement came on June 28, 2026, when a corporate bond claim settled for $40,000. Po (CRD 3106974) appears in several settled customer disputes over corporate and high-yield bonds. The disclosures name NI Advisors or California Securities as the firm, and each matter ended in a settlement, not a finding.
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