Investors might have sustained losses due to securities broker Stephen Russell Stanford (also known as Steve Stanford) [CRD: 1686790, San Francisco, California], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Stephen Stanford joined Portsmouth Financial Services on March 18, 2013. Additionally, he joined Portsmouth Financial Services Inc. in Fairhope, Alabama, on July 25, 2019. The following information concerns Stephen Stanford’s disclosures.
Evidently, a Portsmouth Financial Services client filed FINRA Arbitration No. 23-03410 about Stephen Stanford. Mainly, the client alleged that Stanford provided misleading investment advice, failed to conduct due diligence, and made unsuitable recommendations concerning GWG L bonds and preferred stock. For this reason, on April 16, 2024, Portsmouth Financial Services settled this matter by paying the client $25,000 in damages.
Additionally, a client of both PaineWebber Inc. and J.C. Bradford contested Stephen Stanford’s sales practices, according to a complaint. Allegedly, Stanford engaged in unauthorized trading. It appears that Stanford caused the client to sustain damages. As a result, the firms opted to settle the matter on October 31, 2000, by compensating the client in the amount of $225,000.
Did you experience losses because of Stephen Stanford? If you have, reach out to Soreide Law Group online or at (888) 760-6552 and speak with a securities lawyer concerning a possible recovery. Soreide Law Group has obtained recoveries for many investors throughout the United States, works on a contingency fee basis, and advances all costs. Stanford and brokerage firms Stanford worked for deny accusations of sales practice violations.
Investors possibly experienced losses because of financial advisor / securities broker Mike Robert Kilpatrick [CRD: 1278618, Camarillo, California], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Kilpatrick has worked for Centaurus Financial Inc. since May 10, 2011. Before this, he worked with LPL Financial and American Express Financial Advisors. Here’s more about the […]
Investors might have sustained losses due to financial advisor / securities broker Michael Jay Shatsky (also known as Mike Shatsky) [CRD: 2430683, Boca Raton, Florida], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Michael Shatsky joined Sky Alpha Asset Advisors LLC as a financial advisor in 2018. He worked at Oppenheimer Co. […]
Investors possibly experienced losses because of securities broker Mark Allen Upchurch [CRD: 2937074, Houston, Texas], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Mark Upchurch worked for Centaurus Financial Inc. from March 1, 2012, to September 21, 2020. Here’s more about the securities broker’s disclosures. Investor Accused Upchurch Of Breach Of Fiduciary Duty […]
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