Frankowski Firm

Michael Sievert, a stockbroker with Arkadios Capital of Jacksonville, Florida has been the subject of five customer complaints since 2019, according to his FINRA BrokerCheck Report. Each of the customer complaints involves an investment into GBP Capital Holdings. One of the customer complaints is still pending, the remaining four were settled for a total of $467,006.76. Customer Complaints Against Michael Sievert In the pending customer case, one of Michael Sievert’s former clients is seeking $200,000 in damages based on allegations that Sievert, as an agent of Arkadios, engaged in negligence, breach of fiduciary duty, and breaches of Florida’s securities laws in the sale of GPB Capital. The four settled cases made similar accusations that Sievert allegedly failed to use reasonable due diligence on the alternative investments, and he made omissions and misrepresentations to his clients regarding their GPB Capital investments. One customer complaint against Michael Sievert was settled for $78,000.00 following a FINRA arbitration complaint alleging unsuitable investment recommendations and [...]

The Financial Industry Regulatory Authority ("FINRA") has suspended First Allied Securities broker Brian Donnelly for four months beginning June 22, 2022, following an investigation into multiple customer complaints. FINRA found that Donnelly recommended unsuitable investments to customers and violated FINRA's rules by participating in a private securities action without knowledge of First Allied Securities, also known as "selling away" from his firm. FINRA's Findings Against Brian Donnelly According to FINRA, Brian Donnelly introduced a client to the President of a company who was seeking investments in limited partnership units. Donnelly's client invested $250,000 into the business and Donnelly acted as an ongoing intermediary between the customer and the business but never notified First Allied. Additionally, FINRA states that Donnelly's client liquidated several securities that he held at First Allied to make this large investment. Donnelly communicated with this client from a personal email and his personal phone number without forwarding any of the correspondence or business dealings to the firm [...]

Jeremy Fortner, former Wells Fargo-associated stockbroker in Beverly Hills, California has been barred by the Financial Industry Regulatory Authority (FINRA) because he failed to provide information or keep information current pursuant to FINRA rule 9552(h), according to his FINRA BrokerCheck Report. Fortner can no longer work for or associate with a registered FINRA member. Jeremy Fortner has worked as a broker for sixteen years at seven different firms and has been the subject of at least twelve customer disputes. He worked for Wells Fargo for seven years and only one year or less at the other firms throughout his career. Other firms he was associated with are J.P. Morgan Securities, Chase Investment Services, J.P. Morgan Institutional Investments, T. Rowe Price Investment Services, MML Investors Services, and Intersecurities from 2004 to 2022. More Details into Jeremy Fortner's Disbarment by FINRA In December of 2021, Fortner was suspended by FINRA for not cooperating with an investigation after a customer filed a complaint [...]

Ronald Molo, a former stockbroker with Edward Jones, has been barred by Financial Industry Regulatory Authority (“FINRA”) for failing to respond to a request for information regarding a customer's allegation that he stole funds from his clients by wiring the funds to a bank account controlled by his wife without her knowledge. According to the allegations, Ronald Molo stole clients money and put it in his wife's bank account, telling her it was some sort of personal investment. The customer complaint was settled for $263,119.54 and Molo was barred on January 3, 2022. Molo was a stockbroker for 20 years and drew multiple complaints for misappropriating funds throughout his career as well as other FINRA violations. The SEC's Charges Against Ronald Molo Ronald Molo has been charged by the SEC for stealing approximately $800,000.00 from his clients, with at least one of these clients being an Edward Jones customer. Specifically, between January 2019 and November 2020, the SEC alleges that [...]