Michael Paesano Engaged in Excessive Trading, Clients Allege

Michael Paesano (CRD #: 1557229), a previously registered broker and an investment adviser registered with Axiom Investment Management LLC, is facing multiple pending allegations regarding excessive trading, according to his Investment Adviser Public Disclosure record, accessed on August 26, 2020. This is far from the only disclosure on Mr. Paesano’s record. On July 2, 2020,…

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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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Timothy McLanahan Suspended by FINRA

Timothy McLanahan (CRD#: 2356791), a broker registered with Prospera Financial Services, was suspended by the Financial Industry Regulatory Authority (FINRA), according to his BrokerCheck record, accessed August 18, 2020. Why was Timothy McLanahan suspended? Read on to find out more. Without admitting or denying the findings, on July 1, 2020, Timothy McLanahan entered into an…

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Michael Martino Embroiled in Client Complains Over Unsuitable Concentrations

Michael Martino (CRD:# 2579146), a broker registered with Four Points Capital Partners LLC, is currently facing investor complaints regarding mismanagement, making unsuitable recommendations, earning unreasonable commissions, making unsuitable concentrations in particular securities, and failing to follow the Financial Industry Regulator Authority’s rule “Know Your Customer,” according to his BrokerCheck record accessed on August 19, 2020.…

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Michael Martino Embroiled in Client Complains Over Unsuitable Concentrations

Michael Martino (CRD:# 2579146), a broker registered with Four Points Capital Partners LLC, is currently facing investor complaints regarding mismanagement, making unsuitable recommendations, earning unreasonable commissions, making unsuitable concentrations in particular securities, and failing to follow the Financial Industry Regulator Authority’s rule “Know Your Customer,” according to his BrokerCheck record accessed on August 19, 2020.…

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FINRA’s “Crackdown” on Unpaid Arbitration Awards Doesn’t Go Far Enough

It’s been said that “justice delayed is justice denied.” That old adage certainly applies to the issue of unpaid arbitration awards. When a brokerage firm or broker loses a securities arbitration before the Financial Industry Regulatory Authority (FINRA) and an award is issued, they are required to pay the award to the defrauded investor within…

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FINRA April 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 April 2020 report can be viewed here.   In the most…

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