ALERT!WINDSOR STREET CAPITAL Expelled For Fraudulent Scheme The Financial Industry Regulatory Authority (“FINRA”) Office of Hearing Officers issued a Default Decision #:2016048912703 on May 28, 2019, expelling Windsor Street Capital and barring two of its employees, Arthur Tacopino and Edwin Rodriguez. FINRA stated that Windsor Street, among other things, committed a fraudulent scheme which caused […]

JASON NELSON Barred By FINRA The Financial Industry Regulatory Authority (“FINRA”) barred LPL Financial LLC securities broker Jason Nelson (CRD#: 4824535, Tremonton, Utah). Evidently, Nelson submitted a Letter of Acceptance, Waiver and Consent (“AWC”) on May 30, 2019, which FINRA accepted on June 6, 2019.  Notably, FINRA says that Nelson violated FINRA Rules by refusing […]

JOHN RUSSELL Cause Your Investment Losses? Soreide Law Group is reviewing possible investor claims against Stifel, Nicolaus & Company Incorporated  (“Stifel Nicolaus”) broker John Russell (CRD#: 728702, Clayton, Missouri). Russell, a securities representative for Stifel Nicolaus since November 18, 1988, reports three client disputes on his Financial Industry Regulatory Authority (“FINRA”) BrokerCheck Report. Here is […]

JAY AMBROSON Investor Complaints? The Financial industry Regulatory Authority (“FINRA”) BrokerCheck shows that investors disputed the sales practices of Gould, Ambroson & Associates President, Jay Ambroson (CRD#: 859012, Garden City, New York), whom the firm disaffiliated with in July 2018. Evidently, from June 1, 2018 to May 21, 2019, at least eight clients of his […]

American Finance Trust, Inc. (AFIN) announced last month that it has issued $242 million of long-term fixed-rate notes designated as AFIN's Net-Lease Mortgage Notes, Series 2019-1. According to Yahoo Finance, the net proceeds from the sale of the notes will be used to primarily refinance assets currently financed under AFIN's revolving unsecured corporate credit facility. […]

DAVID STRNAD Suspended, Fined By FINRA The Financial Industry Regulatory Authority (“FINRA”) issued Morgan Stanley securities broker David Strnad (CRD#: 1982721, Nashville, TN) a suspension and fine of $10,000 for his unauthorized purchases and sales in an investors’ account. Namely, Strnad submitted a Letter of Acceptance, Waiver, and Consent (“AWC”) #:2016051569601 on May 13, 2019, […]

BRAD BROOKS Suspended by FINRA The Financial Industry Regulatory Authority (“FINRA”) announced that it issued Titan Securities’ sole owner, CEO and president, Brad Brooks (CRD#:1584633, Addison, Texas) a suspension and $50,000 fine. Apparently, in an Extended Hearing Panel Decision, FINRA found that Brooks violated FINRA and NASD Rules because Brooks failed to establish and enforce […]

WILLIE VALES Allegedly Sold Unsuitable Investments The Financial Industry Regulatory Authority (“FINRA”) confirms on BrokerCheck that investors have disputed the sales practices of Santander Securities LLC securities broker Willie Vales (CRD#: 2166601, Conshohocken, Pennsylvania). Namely, at least three clients of Santander Securities LLC, who Vales worked for from 2014 to 2016, filed disputes which suggest […]

PETER MALIS Sell You Unsuitable Investments? Investor Alert! The Financial Industry Regulatory Authority (“FINRA”) shows that investors disputed the sales practices of Wells Fargo Clearing Services, LLC financial advisor Peter Malis (CRD#: 317892, Woodland Hills, California). Apparently, Malis, who has been registered through Wells Fargo Clearing Services, LLC since July 1, 2003, reports five client […]