BOB WAMHOFF DRAWS 10 CUSTOMER COMPLAINTS
The Frankowski Firm is investigating potential claims against former stockbroker Robert Edward “Bob” Wamhoff. Until 2019, Mr. Wamhoff worked for the firm of Calton & Associates, Inc. of Saint Charles, Missouri. Mr. Wamhoff previously was with VSR Financial Services, Inc. which is in the Saint Louis, Missouri area. Customer Complaints Against Bob Wamhoff According to […]
OPPENHEIMER LOSES $36.7 MILLION FINRA ARBITRATION CLAIM
Oppenheimer & Co., Inc. has been hit with a $36.7 million award against it, issued by a panel of arbitrators with the Financial Industry Regulatory Authority (“FINRA”). The arbitration arose from customer complaints that Oppenheimer’s broker John Woods sold them an alleged private equity fund investment which turned out to be a massive Ponzi scheme. […]
MICHAEL TODD FIRED BY CENTAURUS FINANCIAL FOLLOWING CUSTOMER COMPLAINTS
Michael Todd, of Crystal River, Florida, has been fired by Centaurus Financial, Inc. after failing to cooperate with an investigation into a customer’s complaint, according to his FINRA BrokerCheck Report. Michael Todd Customer Complaint Alleges Selling Away On May 27, 2022, one of Michael Todd’s customers filed a Financial Industry Regulatory Authority (“FINRA”) arbitration claim […]
SURESH KUMAR BARRED FROM FINRA FOR STEALING FUNDS FROM CLIENTS
The Financial Industry Regulatory Authority (“FINRA”) has barred former T3 Trading Group stockbroker Suresh Kumar, of Mission, Kansas, from ever working or associating as a FINRA registered broker in all capacities. Kumar consented to the sanction for the entry of FINRA’s findings that he made material misrepresentations to clients regarding why he could not repay […]
DAVID N. WOOD, OF MOLONEY SECURITIES, INC., HIT WITH $600,000 CUSTOMER COMPLAINT
David N. Wood, a stockbroker with Moloney Securities, Inc.’s Manchester, Missouri office, is the subject of a $600,000 customer complaint filed with the Financial Industry Regulatory Authority (“FINRA”), according to his FINRA BrokerCheck report. Customer Allegations Against David N. Wood According to the customer’s allegations, David N. Wood made unsuitable recommendations of direct investments to […]
SHANE WILHELM ACCUSED BY MULTIPLE CLIENTS OF MISREPRESENTING ACCOUNT ASSETS
Shane Wilhelm, a stockbroker with Fortune Financial Services, Inc. of Moneta, Virginia, has been accused by three separate clients of misrepresenting the assets in their accounts as being “significantly greater” than what was actually in the accounts, according to his FINRA BrokerCheck Report. The Customer Complaints Against Shane Wilhelm According to the customer allegations, Shane […]
JOHN DENNIS LOWRY NAMED IN FINRA DISCIPLINARY ACTION AND TWELVE CUSTOMER COMPLAINTS
John Dennis Lowry, the owner of Spartan Capital Securities, LLC of New York, New York, has been named as a party in a pending FINRA Disciplinary Proceeding, according to his FINRA BrokerCheck Report. Mr. Lowry’s report also reveals eleven prior customer complaints against Mr. Lowry and his firm. FINRA Disciplinary Proceeding Against John Dennis Lowry […]
MICHAEL CASTILLERO AMONG THOSE NAMED IN $410 MILLION PONZI SCHEME CASE
Michael Castillero has been named by the Securities and Exchange Commission in a stock fraud civil action alleging that Castillero and his partners offered pre-Initial Public Offering (IPO) of shares they did not own, pocketed undisclosed fees, and commingled investor funds, resulting in Ponzi scheme-like payments. According to the allegations, Castillero and his partners facilitated […]
BRIAN DONNELLY SUSPENDED BY FINRA FOR SELLING AWAY
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 […]
JEREMY FORTNER OF WELLS FARGO BARRED BY FINRA
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 […]