FINRA Suspends New York-Based Financial Advisor for Nine Months John Sebastion Cangialosi, currently an SW Financial broker, was suspended by the Financial Industry Regulatory Authority (FINRA) in September 2021 for nine months. The broker was ordered to pay $271,622 in restitution for allegedly engaging in unsuitable trading in three customer…
Senior Citizens Were Among Former Fairfield, NJ Financial Advisor’s Alleged Victims Kenneth Andrews Welsh, an ex-Wells Fargo Clearing Services broker, is now facing Securities and Exchange Commission (SEC) charges accusing him of misappropriating at least $2.86 million from brokerage firm customers and advisory clients. Allegedly the financial advisor used victims’…
Couple’s FINRA Arbitration Claim Seeks Up to $500K in Damages A retired couple from Payson, Utah have filed a Financial Industry Regulatory Authority (FINRA) arbitration claim against Woodbury Financial Services over losses they sustained while investing in GPB Capital Holdings LLC, CIM REIT, and other privately traded entities. Now, they…
FINRA Claims Former Financial Advisor Also Cost Investors Over Variable Annuities The Financial Industry Regulatory Authority (FINRA) has filed a complaint accusing ex-Western International Securities registered representative Megurditch Mike Patatian of unsuitably recommending to 59 customers that they purchase non-traded real estate investment trusts (non-traded REITs). According to the self-regulatory…
Ex-New York Financial Advisor Has 15 Customer Disputes on BrokerCheck If you suffered investment losses while working with ex-Worden Capital Management stockbroker Allan Perry Montalbano, contact our New York financial advisor misconduct attorneys at Shepherd Smith Edwards and Kantas (SSEK Law Firm at investorlawyers.com). Montalbano, who is no longer a…
Massachusetts Broker Accused of Defrauding Customers of $3M James Kenneth Couture, an ex-LPL Financial registered representative, was arrested in July 2021 after turning down a plea deal related to criminal charges that accused him of stealing $3M from investors. Following his decision not to accept the deal, a grand jury…
Deceased New York Broker Philip Incorvia May Have Defrauded Investors A retired couple living in Florida has filed a Financial Industry Regulatory Authority (FINRA) arbitration claim against broker-dealer Henley & Co. over losses they suffered while working with Philip Robert Incorvia as their registered financial advisor. Incorvia, who died in…
Popular With Retail Investors, Shell Companies That Raise Capital Through Own IPOs Can Be Risky The Financial Industry Regulatory Authority (FINRA) has started a thorough examination of the activities of brokerage firms in relation to special purpose acquisition companies (SPACs). These shell companies raise funds through their own IPOs…
Denver, Colorado Financial Advisor Has 21 Disclosures on BrokerCheck If you suffered losses while working with Western International Securities registered investment advisor Peter Benedict Steege, our Denver, Colorado broker misconduct lawyers want to speak with you. Steege, who has been with this firm for 19 years, has 21 disclosures listed…
Alternative Asset Firm’s Former CEO Wants Money Despite Facing Criminal Fraud Charges David Gentile, the founder of GPB Capital Holdings LLC, is requesting that a district court grant him supervised mediation as he attempts to secure millions of dollars that he claims the alternative asset firm owes him as owner…