Posts Tagged ‘ETFs’
Dominic Tropiano Barred by the SEC and FINRA Following Allegations of Unsuitable Recommendations to Invest in Speculative ETFs
Dominic Tropiano (CRD #: 4761462), a former broker with America Northcoast Securities, Inc., has been barred by the SEC from acting as a broker or an investment adviser, according to his BrokerCheck record, accessed on September 23, 2020. He was also barred by FINRA in 2019 and has six pending investor disputes. These are not…
Read MoreHow Older Americans Can Protect Their Money: Understanding Asset Allocation
Stocks, bonds, cash equivalents—your investment portfolio is composed of different asset categories. But a 25-year-old’s portfolio looks markedly different from that of a 65-year-old—or at least it should. As you age and move closer to retirement, your asset allocation should reflect your desire to preserve capital, which manifests itself as a decreased tolerance for risk.…
Read MoreBob D’Andria, New Jersey Broker, Suspended from the Securities Industry Over Non-Traditional Exchange-Traded Products
Bob D’Andria (CRD#: 1916172), a registered representative with International Assets Advisory, LLC (CRD#: 10645) in Spring Lake, New Jersey, has been suspended from the securities industry after recommending non-traditional exchange traded products (NT-ETPs) without having a sufficient understanding of these investment products, according to his BrokerCheck record accessed on January 24, 2020. On January 2,…
Read MoreRaymond James & Associates Broker Fred Stow Sued and Fired for Allegedly Stealing Client Funds
Fred Stow (CRD#: 864436), formerly a registered representative with Raymond James & Associates in Nashville, Tennessee, is involved in a pending dispute in which a customer is alleging that he stole client funds, according to his BrokerCheck record accessed on August 9, 2019. The customer is alleging “breach of fiduciary duty, conversion, unjust enrichment, tortious…
Read MoreOppenheimer & Company Fined $2.25 Million by FINRA for ETF Sales
Public records provided by the Financial Industry Regulatory Authority (FINRA) on June 28, 2016 indicate that FINRA has sanctioned broker-dealer Oppenheimer & Company $2.25 million, in addition to ordering restitution of more than $716,000, following allegations the firm sold leveraged, inverse, and inverse-leveraged exchange-traded funds to retail customers “without reasonable supervision, and for recommending non-traditional…
Read MoreBroker James Blinkhorn Has Recent Complaint
Publicly records provided by the Financial Industry Regulatory Authority (FINRA) on February 24, 2016 indicate that New York-based Chelsea Financial Services broker James Blinkhorn is the subject of several customer complaints. The securities and investment fraud law firm Fitapelli Kurta is investigating allegations of misconduct against Mr. Blinkhorn (CRD# 1471559). James Blinkhorn has spent 29…
Read MoreJames Eichner (National Securities Broker) Faces Pending Complaint
Based on publicly-available records provided by the Financial Industry Regulatory Authority (FINRA) on February 16, 2016, New York-based National Securities broker James Eichner is the subject of several settled or pending customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing investors who have complaints regarding Mr. Eichner (CRD# 3221851).…
Read MoreJane Everingham (LPL Financial) Faces Pending ETF Complaint
The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding California-based LPL broker/adviser Jane Everingham, also known as Jane O’Malley. (CRD# 1727956). Jane O’Malley has spent 28 years in the securities industry and has been registered with LPL Financial in Larkspur, California since 1991. Previous registrations…
Read MoreFINRA Sanctions BestVest Investments Over ETFs
According to records provided by the Financial Industry Regulatory Authority, Pennsylvania-based brokerage and advisory firm BestVest Investments has been sanctioned for its alleged failure to supervise transactions involving exchange traded funds (ETFs). The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding BestVest Investments (CRD# 38441829).…
Read MoreInvestmentNews Warns Investors to Avoid ETFs
Has your broker or adviser recommended you invest in leveraged exchange-traded funds? If so, you might want to do some extra research to make sure they’re right for you. A recent piece by Investment News offers stern cautions against leveraged ETFs, warning that the product is often extremely volatile. A quick refresher: in basic terms,…
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