Articles Tagged with Western International

shutterstock_20354398-300x200According to records kept by The Financial Industry Regulatory Authority (FINRA) financial advisor Peter Steege (Steege) has at least 21 disclosable events.  Such events include one criminal matter, four regulatory disclosures, two employment terminations for cause, and 14 customer complaints alleging that Steege engaged in some form of investment related misconduct in the handling of the client’s accounts.  Steege is currently employed by Western International Securities, Inc. (Western International).  Steege’s customer complaints alleges that Steege recommended unsuitable investments, made misrepresentations, and overconcentrated investments relating to the handling of client accounts.

In January 2021 a customer complained that Steege violated the securities laws by alleging that Steege made unsuitable investments resulting in losses in the amount of $163,000 in the account.  The claim is currently pending.

In November 2020 a customer complained that Steege violated the securities laws by alleging that Steege made unsuitable investments and overconcentrated the account resulting in losses in the amount of $5,000 in the account.  The claim is currently pending.

In November 2020 a customer complained that Steege violated the securities laws by alleging that Steege made unsuitable investments resulting in losses in the amount of $50,000 in the account.  The claim is currently pending.

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shutterstock_95416924-300x225The securities attorneys at Gana Weinstein LLP are investigating claims against Western International Securities, Inc. (Western International) broker Jorey Bernstein (Bernstein). According to BrokerCheck records, Bernstein has been subject to one pending customer complaint regarding excessive trading.

In August 2018, a customer alleged that from 2009 to 2014, Bernstein excessively traded their account. The customer requested damaged of $3,000,000. This dispute is currently still pending.

In addition, Bernstein has been subject to resignation from Morgan Stanley in 2015 due to customer allegations regarding Bernstein’s illegal interactions and outside business activities with a third-party. A broker’s outside business activities with a third-party can create a conflict of interest with the firm. Therefore, firms are required to monitor such activities through supervision that is in compliance with securities laws and regulations.

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