Daniel Mancuso Censured by FINRA for Unauthorized Transactions

Daniel Mancuso (CRD #2519423), a broker and investment advisor registered with Paulson Investment Advisors LLC, has consented to official censure from FINRA, according to his BrokerCheck record, accessed on October 6, 2020. Mr. Mancuso has also settled several client disputes related to unsuitable investments. On February 6, 2014, Daniel Mancuso entered into an Acceptance, Waiver,…

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How to Use BrokerCheck

Investors can save themselves a lot of grief by doing their homework. Before agreeing to use an investment professional’s services, visit BrokerCheck to look for previous customer complaints, as well as criminal and regulatory disclosures. The Financial Industry Regulatory Authority (FINRA) maintains a public record of customer allegations, as well as investment-related convictions, investment-related civil judgements, and regulatory actions.…

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William Baumner Subject of Customer Complaints

William Baumner (CRD #2298690), a broker with Tradespot Markets Incorporated, is currently involved in investor disputes regarding unsuitable investment recommendations, breach of regulatory requirements, negligence, breach of fiduciary duty, gross negligence, breach of contract, failure to disclose risks, high pressure sales, manipulation, and insider trading, according to his BrokerCheck record accessed on August 17, 2020.…

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John Orlando Involved in Customer Complaints

John Orlando (CRD #: 2002197), a broker registered with SW Financial, is currently involved in investor complaints over excessive trading, unsuitable investment recommendations, excessive concentration, and unsuitable use of margin, according to his BrokerCheck record accessed on August 17, 2020.  Do you have questions about John Orlando’s conduct as a broker?  Read on to learn…

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John Orlando Involved in Customer Complaints

John Orlando (CRD #: 2002197), a broker registered with SW Financial, is currently involved in investor complaints over excessive trading, unsuitable investment recommendations, excessive concentration, and unsuitable use of margin, according to his BrokerCheck record accessed on August 17, 2020.  Do you have questions about John Orlando’s conduct as a broker?  Read on to learn…

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Dennis Haywood, Florida Broker, Involved in Over $750,000 Worth of Suitability Disputes

Dennis Haywood (CRD#: 5850275), a registered representative with Crown Capital Securities, L.P. (CRD#: 6312) in Land O’ Lakes, Florida, is currently involved in three pending customer disputes over unsuitable investment recommendations, according to his BrokerCheck record accessed on May 27, 2020. The investments at issue are variable annuities, Real Estate Investment Trusts, and Business Development…

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Shane Appelbaum, Florida Broker, Involved in Dispute Over High-Yield CDs

Shane Appelbaum (CRD#: 4772668), a registered representative with Herbert J. Sims & Co., Inc. (CRD#: 3420) in Boca Raton, Florida, is currently involved in a customer dispute over high-yield certificates of deposit (CD), according to his BrokerCheck record accessed on May 7, 2020. What are high-yield CDs? Why is Shane Appelbaum’s alleged recommendation of high-yield…

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Dennis Ayre, Hilltop Securities Broker, Racks Up $8 Million Worth of Customer Disputes Over Risky Trading

Dennis Ayre (CRD#: 5365176), a registered representative with Hilltop Securities (CRD# 6220) in Beverly Hills, California, is currently embroiled in three customer disputes in which clients are seeking more than $8 million in damages, according to his BrokerCheck record accessed on April 20, 2020.  How did Dennis Ayre become involved in these disputes? On March…

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FINRA March 2020 Disciplinary Actions  

When brokers violate FINRA rules or federal securities regulations—by stealing customer funds, recommending unsuitable investments, or refusing to provide on-the-record testimony to FINRA—the Financial Industry Regulatory Authority holds them to account. FINRA publicizes disciplinary actions taken against brokers in their monthly round-up. The full March 2020 report can be viewed here.  In the most serious…

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Mark Cline, of National Securities Corporation, Involved in 12 Customer Disputes Over Suitability

Mark Cline (CRD#: 3206962), a registered representative with National Securities Corporation (CRD#: 7569) in Wildwood, Florida, is currently involved in 12 customer disputes over unsuitable investments, according to his BrokerCheck record accessed on March 3, 2020. All of the disputes involve allegations that Mark Cline recommended unsuitable investments. Date of Customer Dispute Nature of Dispute…

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