SEC Charges Westport Capital Markets, Christopher McClure With Fraud Westport Capital Markets president and CEO, Christopher Edward McClure (CRD#: 2289844, Westport, Connecticut), face charges by United States Securities and Exchange Commission (the “SEC”) for defrauding advisory customers. Specifically, on December 11, 2017, SEC filed Case 3:17cv2064 in the United States District Court for the District […]

FINRA Bars Morgan Stanley’s Stewart Malloy For Failure To Testify In Investigation Stewart Clinton Malloy (CRD#: 1029931, Riverhead, New York) is a now-terminated Morgan Stanley broker who the Financial Industry Regulatory Authority (“FINRA”) barred on January 19, 2019 for his failure to attend an on-the-record interview during an investigation into his trading practices. Evidently, FINRA’s […]

INVESTOR WARNING! Customer Complaints Brought Against Capital One Investing, Scott Allen Damico Scott Allen Damico (CRD#: 6065781, Irving, Texas) is a prior Capital One Investing, LLC financial advisor. Evidently, Damico worked at the firm’s Irving, Texas offices from January 2, 2015 to November 3, 2016. According to Damico’s Financial Industry Regulatory Authority (FINRA) BrokerCheck Report, […]

ATTENTION INVESTORS! Complaints Filed Concerning Cetera Brokers Todd Banducci, David Martin, Bradley Bowman, Joshua Beitel Cetera Advisors LLC (CRD#: 10299, Denver, Colorado) and Cetera Investment Services LLC (CRD#: 15340, Saint Cloud, Minnesota) are brokerage firms owned by Cetera Financial Group, Inc. which the Financial Industry Regulatory Authority (“FINRA”) regulates. Brokers of Cetera firms have reported […]

Soreide Law Group based in Pompano Beach, Florida, obtained the following information on former NEWBRIDGE SECURITIES CORPORATION of BOCA RATON, FL, broker:  DAVID HOWARD FAGENSON (CRD#: 1652012 ) The Financial Industry Regulatory Authority (FINRA) suspended Fagenson for eight-months from the securities industry. Without admitting or denying the findings, Fagenson consented to the sanction and to […]

The South Florida-based, Soreide Law Group, has obtained the following information from FINRA’s BrokerCheck on former PFS Investments Inc., of Miami Lakes, Florida broker: ARTURO ALEJANDRO NUNEZ (CRD#: 4701686) The Financial Industry Regulatory Authority (FINRA) has barred Arturo Nunez from acting as a broker or otherwise associating with a broker-dealer firm. Without admitting or denying […]

Soreide Law Group is investigating claims by clients that they allegedly suffered losses through the sale of AFIN due to recommendations by former Royal Alliance Associates broker: WILLIAM GALE STRACENER III (Billy Stracener) CRD#: 4219142 while working with ROYAL ALLIANCE ASSOCIATES, INC. of LAFAYETTE, LA.  Soreide Law Group recently filed a FINRA arbitration on behalf of […]

INVESTOR ALERT: FINRA Bars Floyd Powell For Selling Fraudulent Investments Floyd Earl Powell (CRD#: 2220029, Albertville, Alabama) is a prior MML investors Services, LLC and MSI Financial Services registered representative who the Financial Industry Regulatory Authority (“FINRA”) barred for selling unregistered investments away from the firm. Specifically, FINRA barred Powell pursuant to a Letter of […]

LPL Financial Disaffiliates With Mark Thomas Lamkin For Private Securities Transactions Mark Thomas Lamkin (CRD#: 2121510, Louisville, Kentucky) is a prior LPL Financial LLC securities representative. Apparently, Lamkin worked in the firm’s Louisville, Kentucky offices between February 9, 2001 and September 14, 2018. Notably, LPL Financial LLC discharged Lamkin for engaging in misconduct that could […]