Did Scott Palmer Give You Bad Advice? Soreide Law Group is investigating potential investor claims against Janney Montgomery Scott general securities representative Scott Palmer (CRD#: 817586, Hackensack, New Jersey). Specifically, the broker, who worked for Janney Montgomery Scott LLC from March 2, 2007 to June 13, 2017, discloses 15 disputes, 10 of which settled through […]

BILL UTANSKI Sell You Unsuitable Investments? The Financial Industry Regulatory Authority (“FINRA”) shows that investors disputed the sales practices of Ameriprise Financial Services Inc. securities broker Bill Utanski (CRD#: 2576809, Fort Lauderdale, Florida). Notably, since January 15, 2015, four investors brought complaints or FINRA Arbitrations suggesting Utanski made unsuitable investments. Here is a summary of […]

MARCUS DEBAISE Recommend Unsuitable Investments? The Financial Industry Regulatory Authority (“FINRA”) shows on BrokerCheck that client disputes keep piling on for barred Wells Fargo securities broker, Marcus Debaise (CRD#: 2404266, Glastonbury, Connecticut). Indeed, at least 44 clients filed complaints or arbitration actions about Debaise. 10 of the 44 client disputes come after FINRA announced that […]

MICHAEL DAWSON Misrepresent Your Investments? The Financial Industry Regulatory Authority (“FINRA”) reports troubling allegations against Deutsche Bank Securities broker Michael Dawson (CRD#: 62907, Houston, Texas). Notably, an investor filed a complaint involving the broker, who worked at Deutsche Bank from August 30, 2013 to December 22, 2015. Here’s more about the investor’s claim which suggests […]

CHARLES DORAINE Allegedly Sold Unsuitable Investments Have you suffered losses by investing with Next Financial Group Inc. securities broker Charles Doraine (CRD#: 70411, Corpus Christi, Texas)? Notably, the Financial Industry Regulatory Authority (“FINRA”) shows on BrokerCheck that at least six clients contested Doraine’s sales practices. Here is a summary of some recent disputes which concern […]

Dalas Lee Gundersen (CRD #3107187, Arbuckle, California) was assessed a deferred fine of $5,000, suspended by FINRA for 10 business days and ordered to pay $2,837, plus interest, in disgorgement of commissions received for allegedly making unsuitable recommendation to clients, in light of their financial condition and the excessively concentrated nature of the investment, by […]

The following information appeared on FINRA’s website under “Disciplinary and Other FINRA Actions, June, 2013.” David Darrell Anthony (CRD #4671195, Registered Representative, Mobile, Alabama) was fined $7,500 and suspended from association with any FINRA member in any capacity for six months. Without admitting or denying the allegations, Anthony consented to the described sanctions and to […]

With the stock market crash of 2008-2009 there has been an onslaught of investors filing lawsuits against their stock brokers and brokerage firms for providing them with unsuitable advice. There is a direct inverse correlation with stock index averages and new case filings. In other words, in a down market more cases are filed. Many […]