The Financial Industry Regulatory Authority (FINRA) accused a New York broker with K. C. Ward Financial of Long Island, with charging a 72-year-old retiree $376,000 in fees and commissions after allegedly making repeated unauthorized trades of her Colgate-Palmolive Co. stock.
According to FINRA’s complaint, the client was employed at Colgate-Palmolive for 28 years and held over 7,500 shares of their stock. Dima's trades additionally cost his client $127,000 in lost dividend payments she would have earned if Craig Dima had held her stock as she asked, and $72,000 in losses from three unauthorized trades when Dima sold her Colgate-Palmolive stock and then repurchased it at a higher price.
This client's account was the largest account that Dima managed. According to the FINRA complaint he made nearly 80 percent of his commissions from trades this client’s account.
Soreide Law Group represents our clients nationwide and we operate on contingency.
Soreide Law Group has filed a FINRA arbitration on behalf of our client (Claimant) against: TEXAKOMA FINANCIAL, INC. and their registered representative, SHEA PETER KENNEDY (SHEA P KENNEDY) (Repondents). The Claimant resides in Nevada, and according to the lawsuit, around August of 2023, SHEA P KENNEDY contacted the Claimant unsolicited, apparently after the Claimant had […]
Pending customer claims on BrokerCheck name Michael Graham (CRD 3263494) and list LPL Financial as the firm. Each claim is pending and unproven, and no arbitrator has ruled on any of them. The customers allege that Graham misrepresented guaranteed principal and returns on a secured loan related to a real estate deal.
An SEC decision involving Titan Securities (CRD 131392) of Plano, Texas became final on August 7, 2026, according to FINRA's October 2026 Disciplinary and Other FINRA Actions report. The decision fined the firm $50,000. The record lists the firm as JTA Securities Management, Inc. dba Titan Securities.
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