Matthew Clason (CRD #: 4692266), a previously registered investment adviser and previously registered broker, is the subject of an SEC emergency action. The action alleges that Mr. Clason stole hundreds of thousands from one of his clients and that unless enjoined, Clason will continue to access the money in their shared bank account, according to…

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Lee Nordstrom (CRD #: 2248261), a broker from LPL Financial LLC, is the subject of a FINRA investigation, according to his BrokerCheck record, accessed on September 17, 2020. This is not the only disclosure on Lee Nordstrom’s record. On August 11, 2020, FINRA initiated an investigation into Lee Nordstrom. The description of the investigation alleges…

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Robin Bartolomei (CRD#: 2249156), a registered representative with CFD Investments, Inc. (CRD#: 25427) and a Registered Investment Adviser (RIA) with Creative Financial Designs, Inc. (CRD#: 109032) in Rochester, Michigan, is currently involved in a pending investor dispute over suitability, according to their BrokerCheck record accessed on July 20, 2020. What happened to lead to this…

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Sharon Kwan (CRD#: 2578627), now a registered representative with Royal Alliance Associates, Inc. (CRD#: 23131) in Arcadia, California, was previously terminated from National Planning Corporation, according to her BrokerCheck record accessed on July 1, 2020.  On September 25, 2013, Sharon Kwan was terminated from National Planning Corporation. What happened? The firm found that she had…

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Piero DiLorenzo (CRD#: 4670150), a former broker with NYLIFE Securities LLC (CRD#: 5167) in Melville, New York,  has been barred by the Financial Industry Regulatory Authority (FINRA), according to his BrokerCheck record accessed on May 12, 2020.  How did this bar come about? Piero DiLorenzo’s troubles began on June 18, 2019, when NYLIFE Securities LLC…

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Robert David (CRD#: 5211223), a former registered representative with Morgan Stanley (CRD#: 149777) in Farmington Hills, Michigan, was recently the subject of a customer dispute over suitability, according to his BrokerCheck record accessed on April 27, 2020. While this matter has been settled, Robert David’s BrokerCheck record lists several other pending customer complaints. On March…

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John Jaramillo (CRD#: 2659263), a former registered representative, has been terminated from his role as a broker with Western International Securities, according to his BrokerCheck record accessed on March 16, 2020.  What happened to lead to John Jaramillo’s termination from Western International Securities? On March 5, 2020, the firm found that John Jaramillo sold an…

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Marc Winters (CRD#: 4053113), a former registered representative with Wedbush Securities, Inc. (CRD#: 877) in Los Angeles, California, has been terminated from Wedbush Securities, Inc. This comes three years after he was the subject of an SEC cease and desist order, according to Marc Winters’s BrokerCheck record accessed on March 4, 2020. On December 31,…

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Jeffrey Rahm (CRD#: 1520986), a Minneapolis-based broker, was recently terminated from his role as a broker with Stifel, Nicolaus & Company, Incorporated, according to his BrokerCheck record accessed on February 21, 2020. He was discharged from the firm following allegations that he engaged in an undisclosed outside business activity. He is currently a registered representative…

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Brian Radoo (CRD#: 2558458), a former registered representative, has been terminated from Next Financial Group, Inc., according to his BrokerCheck record accessed on January 20, 2020. What happened? Next Financial Group, Inc. found that Brian Radoo participated in outside business activities without requesting and receiving the firm’s prior approval. As a result, the firm terminated…

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