ATTENTION INVESTORS: Claims Against MUTUAL SECURITIES, JACOB KAGELE Jacob Ray Kagele (CRD#: 4606475, Tucson, Arizona) used to work for Mutual Securities Inc. from May 15, 2009 to November 7, 2017. Evidently, Kagele’s Financial Industry Regulatory Authority (“FINRA”) BrokerCheck Report shows that at least three customers of Kagele filed disputes concerning him. Mainly, customers claimed that […]

ATTENTION INVESTORS: Customer Complaints Against TCM Securities Broker Jim Heafner James Hal Heafner a/k/a Jim Heafner (CRD#: 4837072, Charlotte, North Carolina) is an ex-Taylor Capital Management Inc. (now known as TCM Securities, Inc.) broker, and president of Heafner Financial Solutions, whose sales practices have come under fire lately. Heafner, who has appeared on TV stations […]

LPL Financial Terminates Brokers Paul Avila, Eric Heinz, Ioannis Papatherapontos LPL Financial LLC (CRD#: 6413) is a both a brokerage firm which Financial Industry Regulatory Authority (“FINRA”) regulates, and an investment advisory that the Securities and Exchange Commission (“SEC”) regulates. LPL Financial reports that 148 regulatory actions were brought against the firm for violating securities […]

The following was obtained by Soreide Law Group on FINRA’s website under, “Disciplinary and Other FINRA Actions, January 2017.” Harry Colon Bennett (CRD#: 2395555, New Boston, Michigan) was barred by FINRA allegedly for refusing to appear for FINRA on-the-record testimony in connection with an investigation involving allegations that he may have engaged in sales practice […]

South Florida-based Soreide Law Group, (888) 760-6552, obtained the following information from FINRA's website under “Disciplinary and Other FINRA Actions, April, 2016.” Stuart Horowitz (CRD #2795019, Coral Springs, Florida) was assessed a deferred fine of $100,000 and suspended by FINRA for one year for allegedly recommending and engaging in unsuitable trading in preferred notes of […]

A Financial Industry Regulatory Authority (FINRA) arbitration panel recently awarded a former client of Commonwealth Financial Network of Waltham, Massachusetts, $580,000. According to the FINRA report, the client had claimed his Commonwealth advisor, who was not named in the filing, breached his fiduciary duty. The advisor allegedly recommended to his client to retire early and […]

FINRA publishes a quarterly review to provide firms with a sampling of recent disciplinary actions involving misconduct by registered representatives. The sample includes settled matters and decisions in litigated cases (National Adjudicatory Council (NAC) decisions and SEC decisions in FINRA cases). These summaries call attention to, and remind registered representatives and member firms of, specific […]