Vision Financial Markets LLC, a futures commission merchant member, and Ace Investment Strategists LLC, a commodity trading advisor member were barred by the National Futures Association (NFA). Ace Investment's principal, Yu-Dee Chang, and Chesapeake Investment Services, Inc., an introducing broker of which Chang is a principal, were also barred from membership by the NFA.
In June 2014, the NFA announced it had reached a settlement with Vision. Vison agreed to pay a $1.5 million fine, and would close its FCM and reconstitute it as High Ridge Futures LLC. NFA will require any customer inquiring about High Ridge through NFA's BASIC system to be provided with information about Vision's disciplinary actions. Vision Financial paid $2 million in customer restitution as well.
According to reports, Vison has had a long history of supervisory problems. Ace was charged with misappropriation of customer funds and Vison with taking a part in Ace's actions. According to the complaint this activity took place over three years, and Vision allegedly could have stopped the abuses.
If you were a client of these firms, call Soreide Law Group for a free consultation on how to potentially recover your losses at 888-760-6552.
Investors potentially experienced sales practice violations by securities broker Matthew R. Carbray [CRD: 4565811, Northampton, Massachusetts], based on public information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Carbray has worked for Kestra Investment Services LLC since July 21, 2006, and Kestra Advisory Services LLC since April 19, 2016. Continue reading to learn more about Carbray’s […]
Investors apparently complained about securities broker Juan Pablo Benavides [CRD: 4288007, Miami, Florida], given the public information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Benavides has worked for Merrill Lynch as a securities broker since November 22, 2000, and as a financial advisor since March 15, 2004. See below to find out more about […]
Investors potentially incurred losses because of securities broker Sandy Meyer Leff [CRD: 1796695, Atlanta, Georgia], according to information disclosed through Financial Industry Regulatory Authority (FINRA) BrokerCheck. Leff has worked for Carter Terry Company Inc. as a securities broker since October 6, 2016, and as a financial advisor since October 21, 2016. Keep reading to discover […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com