Ernesto Chavez (CRD: 4315877) faces a new pending claim on BrokerCheck over an investment made in 2018. The customer alleges $180,000 in damages, and no arbitrator has ruled on the claim.
Douglas Jay Melzer (aka DUTCH MELZER) (CRD #5438362, Mars, Pennsylvania)
was barred by FINRA for allegedly soliciting his member firm’s clients to invest $2,000,000 in an outside investment, which the firm had not approved, without providing his firm prior written notice or receiving prior written approval.
FINRA's findings stated that Melzer misappropriated funds from his firm for his personal benefit. Melzer caused the registered representative code on certain customer accounts to be changed and, as a result, caused the firm to pay him more than $9,500 in commissions that should have been paid to his partners.
(FINRA Case #2013035601301)
Doug Melzer was previously registered with the following firms:
03/2013 - 01/2015 PARK AVENUE SECURITIES LLC (CRD# 46173) - PITTSBURGH, PA
01/2008 - 01/2013 WELLS FARGO ADVISORS, LLC (CRD# 19616) - SEWICKLEY, PA
The previous summation from FINRA's Website under "Disciplinary and Other Actions April 2015, ends here."
Soreide Law Group will represent our clients nationwide. If you had significant investment losses call a Securities Arbitration Lawyer for a no-cost consultation on how to potentially recover your losses at 888-760-6552.
Ernesto Chavez (CRD: 4315877) faces a new pending claim on BrokerCheck over an investment made in 2018. The customer alleges $180,000 in damages, and no arbitrator has ruled on the claim.
William Tunink (CRD: 2738224) settled a customer claim for $299,000 on August 11, 2026, according to his BrokerCheck report. The customer alleged that he obtained loans from the customer, and that some of the money went into an investment.
Tony Barouti (CRD: 3031995) faces a pending $230,400 customer claim, according to his BrokerCheck report. He says the allegations in it are false. His report also lists SEC administrative and cease-and-desist proceedings from August 2025.
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