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 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 […]

INVESTOR ALERT: FINRA Fines And Suspends KMS Financial Services’ John Kasel   John Kasel (CRD#: 4382483, Scottsdale, Arizona) is a prior KMS Financial Services Inc. registered representative who FINRA just sanctioned because he engaged in outside business activities. Specifically, Kasel accepted and consented to FINRA’s imposition of a fine of $5,000 and suspension for three […]

FINRA Barred Cheryl Ann Stallings FINRA Barred A FORMER LPL BROKER WHO WAS IN CHARGE OF MANAGING CUSTOMERS ACCOUNTS Cheryl Ann Stallings was barred for allegedly circumventing LPL's fiduciary capacities policy The Financial Industry Regulatory Authority Inc. barred a former LPL Financial broker Monday who controlled two customers' bank accounts, bypassed LPL's supervision by not […]

Unsuitability Lawsuits Filed Concerning Oriental Financial Services, Gustavo Melendez Gustavo Velazquez Melendez (CRD#: 4477946, Humacao, Puerto Rico) used to be an Oriental Financial Services Corp. general securities representative. Apparently, Melendez was associated with the firm between March 30, 2006 and March 6, 2017. Critically, FINRA BrokerCheck shows that approximately 29 customers have filed investment-related disputes […]

WARNING: Investigation Into Ameritas’ Kristian M. Gaudet’s Possible Conversion Of Customer Funds Kristian M. Gaudet (CRD#: 4190811, Cut Off, Louisiana) is a prior Ameritas Investment Corp. registered representative who Financial Industry Regulatory Authority (“FINRA”) just barred from having any association with a FINRA member. Specifically, Kristian Gaudet submitted a Letter of Acceptance, Waiver and Consent […]

FINRA Bars CP Capital Securities’ Alexis Lertora For Misrepresentation Alexis Lertora (CRD#: 4821845, Miami, Florida) is a past general securities representative of CP Capital Securities. He worked at CP capital Securities from June 2015 to April 2017. Apparently, three months later, on July 31, 2017, FINRA expelled the firm. Most importantly, Financial Industry Regulatory Authority […]

Cadaret Grant Broker Steven Pagartanis Guilty Of Fraud Conspiracy Former Cadaret, Grant & Co., Inc. registered representative, Steven Pagartanis (CRD#: 1958879, Setauket, New York), has pleaded guilty to conspiracy to commit wire and mail fraud in connection with a Ponzi scheme that Pagartanis operated between 2000 and 2018. Pagartanis now faces up to 20 years […]

Customers File Claims Against AXA Advisors For Misrepresentation Soreide Law Group is investigating misrepresentation and suitability claims on behalf of customers who invested with AXA Advisors securities brokers and financial advisors including Celia Scott, Norris Rees Woody Jr., and Jerald Paul Reiner. AXA Advisors, LLC (CRD#: 6627, Minneapolis, Minnesota) is a brokerage firm regulated by […]