Alan Katz (CRD #: 2166004), a broker registered with Buckman, Buckman & Reid in Staten Island, New York, is the subject of a FINRA investigation, according to his BrokerCheck record, accessed on March 8, 2021. Katz also offers advisory services through Comprehensive Wealth Management Group. On December 18, 2020, FINRA initiated an investigation into Alan…

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Mitchell Griffin (CRD #: 3129686), a broker registered with LPL Financial, is facing allegations that he misrepresented an investment, according to his BrokerCheck record, accessed on March 8, 2021.   On December 17, 2020, investors alleged that Mitchell Griffin informed them that a variable product would have a guaranteed return. Variable products have many complexities…

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Paz Chandra (CRD #: 2405701), a broker registered with Royal Alliance Associates, is facing investor allegations of unsuitable investments, according to her BrokerCheck record, accessed on March 3, 2021. This is her second investor dispute. On December 31, 2020, an investor alleged that that Paz Chandra recommended unsuitable alternative investments. This activity allegedly took place…

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FINRA recently issued its 2021 Report on FINRA’s Examination and Risk Monitoring Program. This annual report reviews emerging investment risks, as well as areas where FINRA plans to step up their enforcement efforts. As in previous years, the regulator is focusing on variable annuities as well as other historically problematic areas. These topics will be…

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Larry Hancock (CRD #: 1514911), an investment adviser registered with Proactive Retirement Solutions in Issaquah, Washington, is involved in an investor dispute regarding unsuitable investments, according to his Investment Adviser Public Disclosure record, accessed on March 3, 2021. Hancock is also a formerly registered broker, most recently with Purshe Kaplan Sterling Investments. On December 30,…

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Scott Babbitt (CRD #: 4057681), a broker registered with Crown Capital Securities in San Diego, California, is involved in investor allegations of misrepresentation, according to his BrokerCheck record, accessed on February 19, 2021. On January 29, 2021, an investor alleged that Scott Babbitt misrepresented the features of a variable annuity and an alternative investment. Variable…

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Stephen Nappo (CRD #: 1691373), a broker registered with Cadaret, Grant, & Co, has been suspended by the Financial Industry Regulatory Authority (FINRA), according to his BrokerCheck record, accessed on January 27, 2021. Details regarding the allegations that led to his suspension are provided below. On December 4, 2020, Stephen Nappo entered into an Acceptance,…

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Jennifer Scroggins (CRD #: 2343868), an investment adviser and broker registered with Royal Alliance Associates, is involved in a dispute with an investor who alleges misrepresentation, according to her BrokerCheck record, accessed on January 20, 2021. Scroggins is an investment adviser in San Antonio, Texas. On December 11, 2020, an investor alleged that Jennifer Scroggins…

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Timothy Pandekakes (CRD #: 4890164), a broker registered with American Portfolios Financial Services in Yonkers, NY, has been suspended by FINRA, according to his BrokerCheck record, accessed on January 21, 2021. Details about the allegations that led to his suspension are provided below. On December 9, 2020, Timothy Pandekakes entered into an Acceptance, Waiver, and…

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