FINRA barred securities broker Jeyakumar Nadarajah (also known as Jack Nadarajah) [CRD: 5666532, New York, New York], based on public information located on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Jeyakumar Nadarajah worked for Jefferies LLC from June 10, 2020, to May 16, 2024, and previously worked for ViewTrade Securities Inc. from January 28, 2020, to […]

REIT Investors The recent announcement that Braemar Hotels & Resorts (NYSE: BHR) has formed a special committee to explore strategic alternatives, including a potential sale, serves as a stark warning to investors in the lodging REIT sector. While management frames this move as an effort to "unlock shareholder value" and address "shareholder activism," a closer […]

Investors reportedly complained about securities broker Rajesh Markan [CRD: 4553309, Flower Mound, Texas], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Markan worked for Merrill Lynch from May 8, 2009 to November 4, 2022, and for Hilltop Securities Inc. from October 5, 2022 to August 12, 2024. Read on to know more about […]

Merrill Lynch’s Thomas Buck Is Going To Jail For Defrauding Investors Thomas Joseph Buck (CRD#: 1024868, Indianapolis, Indiana), the general securities representative of Merrill Lynch, Pierce, Fenner & Smith Incorporated (“Merrill Lynch”), will go to prison for forty months for committing securities fraud. Supposedly, Buck charged $2,000,000.00 in excessive commissions to customers holding commission-based trading […]

IFS Broker Richard Grant Cody Pleads Guilty To Fraud Charges Richard Grant Cody (CRD#: 2794558, Spring Lake, New Jersey), a former IFS Securities registered representative, has pleaded guilty to the United States Attorney for the District of Massachusetts’ charges of Cody committing investment advisor fraud against retired investors in the state of Massachusetts, and making […]

Merrill Lynch Broker Christopher Lee Hibbard Indicted For Fraud Christopher Lee Hibbard (CRD#: 3176484, Louisville, Kentucky) is a prior registered representative of Merrill Lynch, Pierce, Fenner & Smith Incorporated (“Merrill Lynch”) who was indicted in the United States District Court for the Western District of Kentucky on nine counts of wire fraud and one count […]

Next Financial Group Broker Douglas Simanski Guilty Of Fraud Soreide Law Group is investigating claims on behalf of investors who purchased investments from Douglas Simanski (CRD#: 2606998, Altoona, Pennsylvania), a former Next Financial Group, Inc. registered representative and investment advisor. The United States Attorney’s Office for the Western District of Pennsylvania announced on November 3, […]

Investment Disputes Against Ameriprise Alleging Unsuitability, Fraud Ameriprise Financial Services Inc. (CRD#: 6363, Minneapolis, Minnesota) is a brokerage firm regulated by Financial Industry Regulatory Authority (“FINRA”). It has reported 78 regulatory events and 96 arbitrations concerning allegations of Ameriprise’s violations of investment-related rules or regulations. The firm has also reported instances in which customers were […]

Western International Securities Broker Dawn Bennett Guilty Of Fraud Dawn Bennett (CRD#: 1567051, Chevy Chase, Maryland) has been a registered representative of Western International Securities, Inc. between October 1, 2009 and December 1, 2015. On October 17, 2018, the United States Attorney’s Office for the District of Maryland announced that a federal jury found Bennett […]