Recent Report to SEC Notes Four Pending Disputes Against Sigma Financial InvestmentNews reports that according to Sigma Financial Corp.’s recent Focus Report to the Securities and Exchange Commission (SEC), the firm is contending with four pending Financial Industry Regulatory Authority (FINRA) arbitration claims from customers alleging damages of approximately $4.5M.…
Customers of Lion Street Financial Broker Richard Baer Suffered Over $1.8m in Investment Losses Lion Street Financial stockbroker, Richard Evan Baer, who is also a registered investment advisor with both React Investment Solutions, LLC and Legacy Capital California, has been named by investors in two pending complaints seeking $1.8M in…
Northstar (Bermuda) Investors Likely to Only Recover Losses By Filing FINRA Arbitration Claims Shepherd Smith Edwards and Kantas (SSEK Law Firm at investorlawyers.com) is continuing to speak with investors of Northstar Financial Services (Bermuda) who suffered significant losses because their broker failed to conduct the proper due diligence when they…
Truist Investment Services Financial Advisor Named in $1.5M of Pending Customer Disputes Stephen Berrocal, a Truist Investment Services broker and investment advisor based out of Coral Gables, Florida, is named in three active customer disputes. At least one of them appears to involve the allegedly unsuitable recommendation of Northstar Financial…
Ex-Fort Meyers, Florida Financial Advisor Misappropriated $1.02M From Investors A former Cetera Advisors Network registered representative, David Aaron Rockwell, has been sentenced to 63 months in federal prison for multiple counts of bank fraud and wire fraud. According to the US Justice Department, Rockwell defrauded investors of over $1.02M and…
Japanese Couple Seeks Up To $500K in Northstar (Bermuda) Damages A Japanese couple has filed an investor claim against Bank of Hawaii subsidiary, Bankoh Investment Services, Inc. for losses they suffered in Northstar Financial Services (Bermuda). The off-shore investment was recommended to them by broker Yoko Farias, who has been…
Denver Financial Advisor Mark Barrand Named in Pending Customer Disputes Mark Allen Barrand, an Ameriprise Financial broker based in Denver, has nine customer claims on his BrokerCheck record. The most recent one, brought in February 2021, was from his time as a Cetera Advisors registered representative. Barrand has worked 14…
Florida Energy 11 Investor Alleges Unsuitability, Misrepresentations and Omissions A senior investor says that a David Lerner Associates broker unsuitably recommended that she invest in Energy 11, LP. This non-public limited partnership has been exclusively marketed and sold by the broker-dealer to its clients, costing many of them significant investment…
New York Financial Adviser Has Multiple Customer Disputes on Record The Financial Industry Regulatory Authority (FINRA) has suspended ex-MML Investors Services LLC broker Adam Gerard Belardino. The suspension runs from February 2021 until Belardino either provides the information that the self-regulatory organization (SRO) has requested or the suspension becomes a…
Colombian Claimants Allege Negligence, Misrepresentations, and Failure to Supervise Two investors from Bogota, Colombia are pursuing a Financial Industry Regulatory Authority (FINRA) arbitration claim against Truist Investment Services for the losses they suffered in Northstar Financial Services (Bermuda). The claimants, who are from the same family, had looked to the…