Articles Posted in Reg BI

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Karandos (Karandos), previously associated with Dinosaur Financial Group, L.l.c, has at least 4 disclosable events. These events include 3 customer complaints, one regulatory event, alleging that Karandos recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on July 07, 2022.

Without admitting or denying the findings, Karandos consented to the sanction and to the entry of findings that he refused to appear for on-the-record testimony requested by FINRA.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Izhar Shefer (Shefer), previously associated with Apw Capital, INC., has at least 2 disclosable events. These events include one customer complaint, one regulatory event, alleging that Shefer recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on June 21, 2022.

Respondent Shefer failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Gatto (Gatto), currently associated with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has at least 2 disclosable events. These events include one customer complaint, one regulatory event, alleging that Gatto recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on August 01, 2022.

Pursuant to NY State Insurance Law Section 2110(i), representative failed to disclose an administrative action from the UT Insurance Department.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker James Parrelly (Parrelly), previously associated with Investment Planners, INC., has at least 3 disclosable events. These events include one customer complaint, 2 regulatory events, alleging that Parrelly recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on June 28, 2022.

Without admitting or denying the findings, Parrelly consented to the sanction and to the entry of findings that he refused to appear for on-the-record testimony requested by FINRA during the course of an investigation regarding his potential use of his personal email address to conduct securities business, in violation of his member firm’s WSPs.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Joseph Pratt (Pratt), previously associated with Stifel, Nicolaus & Company, Incorporated, has at least 2 disclosable events. These events include one customer complaint, one regulatory event, alleging that Pratt recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on July 14, 2022.

Respondent Pratt failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Zachary Hansen (Hansen), previously associated with UBS Financial Services INC., has at least 3 disclosable events. These events include 2 customer complaints, one regulatory event, alleging that Hansen recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on August 11, 2022.

Without admitting or denying the findings, Hansen consented to the sanctions and to the entry of findings that he caused his member firm to maintain incomplete books and records by communicating with two firm customers about securities-related business through text messages, without the firm’s authorization or approval. The findings stated that Hansen’s text messages included communications related to securities recommendations, account performance and transactions, and market events. Hansen exchanged these text messages, using his personal cell phone, despite lacking authorization and approval to do so. Therefore, the firm did not retain these text messages.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Melilli (Melilli), previously associated with Cambridge Investment Research, INC., has at least 5 disclosable events. These events include 2 customer complaints, 3 regulatory events, alleging that Melilli recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on November 28, 2022.

MELILLI IS THE SUBJECT OF AN ORDER OF A SELF-REGULATORY ORGANIZATION EXPELLING HIM FROM A SELF-REGULATORY ORGANIZATION.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jeffrey Basford (Basford), previously associated with David Lerner Associates, INC., has at least 3 disclosable events. These events include 2 customer complaints, one regulatory event, alleging that Basford recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on August 15, 2022.

Without admitting or denying the findings, Basford consented to the sanction and to the entry of findings that he declined to appear for on-the-record testimony requested by FINRA during the course of its investigation into his potential unsuitable sales of proprietary energy products to customers at his member firm.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kevin Mcneil (Mcneil), previously associated with Sw Financial, has at least 2 disclosable events. These events include one customer complaint, one regulatory event, alleging that Mcneil recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on August 25, 2022.

Respondent McNeil failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker James Daughtry (Daughtry), previously associated with Kestra Investment Services, LLC, has at least 7 disclosable events. These events include 5 customer complaints, 2 regulatory events, alleging that Daughtry recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on September 29, 2022.

On 9/28/22 an Order to Bar (OB-2022-0023) was issued against the Respondent by Alabama Securities Commission. OB issued due to Respondent failed to make full & complete disclosure that clients’ accounts were being sold, moved to Graysail & lack of respondent’s involvement with their accounts. For more info contact the Alabama Securities Commission at 334-242-2984

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