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Weekly Report – 6/19/17

  1. In Financial Advisor IQ, on 6/14/17, it was reported that a former Morgan Stanley financial consultant was the subject of a securities regulatory action by the Financial Industry Regulatory Authority (FINRA) alleging that he had concealed losses in a client’s investment account.  According to the article, FINRA alleged that Kim Dee Isaacson had misrepresented the size of the client’s account and had allegedly made unauthorized trades generating hundreds of thousands of dollars in commissions.  Isaacson is believed to have resigned from Morgan Stanley during an internal investigation into the allegations that he had given inaccurate information on performance in the client accounts.  Isaacson has also previously been registered with Ameriprise as well.  In the same article, Financial Advisor IQ reported that FINRA also barred a former registered representative from Woodbury Financial Services, Inc.  In a FINRA Acceptance, Waiver and Consent (AWC), Lawrence Thomas refused to provide testimony relating to allegations that he had forged customer signatures on multiple documents.  FINRA barred Thomas for three months and fined him $5,000.  See: Financialadvisoriq.com.If you are an investor who has suffered losses with Kim Dee Isaacson, Morgan Stanley, Ameriprise, Lawrence Thomas, or Woodbury Financial Services, please contact the Investment Loss Recovery Team at the Ciklin Lubitz & O’Connell Law Firm at 1-800-856-3352 for a no-cost consultation and review.
  2. Norman Ferra, Jr. of Tampa, Florida was registered with International Assets Advisory, LLC and prior to that with R.F. Lafferty & Co., Inc. and Aegis Capital Corp.  Ferra is believed to have been involved in several outside business activities and some outside business activities in past similar situations have been the subject of selling away type claims.  See: FINRA brokercheck.  If you are an investor who has suffered losses with Ferra, International Assets Advisory, LLC., R.F. Lafferty & Co., or Aegis Capital due to selling away or other types of issues, please contact the Investment Loss Recovery Team at the Ciklin Lubitz & O’Connell Law Firm at 1-800-856-3352 for a no-cost consultation and review.
  3. Clay Hoffman of Brunswick, Georgia was registered with Summit Brokerage Services, Inc. and prior to that with Suntrust Investment Services, Inc.  Hoffman is believed to have been involved in a number of customer initiated complaints as well as securities regulatory actions alleging unauthorized trading, fraud, breach of fiduciary duty and other claims.  See: FINRA brokercheck.  If you are an investor who has suffered losses with Hoffman, Summit Brokerage Services, or Suntrust Investment Services, please contact the Investment Loss Recovery Team at the Ciklin Lubitz & O’Connell Law Firm at 1-800-856-3352 for a no-cost consultation and review.
  4. Jeffrey Hill of Bemidji, Minnesota was registered with Wells Fargo and prior to that with Dougherty & Company, LLC.  Hill is believed to have been involved in a number of customer initiated complaints as well as securities regulatory actions alleging churning, unauthorized trading, unsuitability, breach of fiduciary duty and other claims.  See: FINRA brokercheck.  If you are an investor who has suffered losses with Hill, Wells Fargo, or Dougherty & Company, please contact the Investment Loss Recovery Team at the Ciklin Lubitz & O’Connell Law Firm at 1-800-856-3352 for a no-cost consultation and review.
  5. Andrew Elsoffer was registered with Stifel Nicolaus & Co., Inc., and was previously registered with Merrill Lynch and Bank of America.  Elsoffer was involved in at least one customer dispute alleging claims of securities fraud, unsuitability, elder abuse, negligence, and other claims.  See: FINRA brokercheck.  If you are an investor who has suffered losses with Elsoffer, Stifel Nicolaus, Merrill Lynch, or Bank of America due to fraud, elder abuse, unsuitability, negligence, or other types of issues, please contact the Investment Loss Recovery Team at the Ciklin Lubitz & O’Connell Law Firm at 1-800-856-3352 for a no-cost consultation and review.
  6. David Sheppard of New York, New York, was registered with Meyers Associates, L.P. and with Aegis Capital Corp.  Sheppard was involved in customer complaints as well as securities regulatory actions alleging churning, unauthorized trading, securities law violations, and other claims and allegations.  See: FINRA brokercheck.  If you are an investor who has suffered losses with Sheppard, Meyers Associates, or Aegis Capital due to churning, unauthorized trading, securities law violations, or other types of issues, please contact the Investment Loss Recovery Team at the Ciklin Lubitz & O’Connell Law Firm at 1-800-856-3352 for a no-cost consultation and review.
  7. Rodger James Burskey was registered with Voya Financial Advisors, Inc..  Burskey was involved in several customer complaints alleging unauthorized trading, unsuitability and other claims and allegations.  See: FINRA brokercheck.  If you are an investor who has suffered losses with Burskey or Voya Financial Advisors due to unauthorized trading, unsuitability, or other types of issues, please contact the Investment Loss Recovery Team at the Ciklin Lubitz & O’Connell Law Firm at 1-800-856-3352 for a no-cost consultation and review.
  8. Scott Jason Hechler of New York, New York was registered with Legend Securities, Inc.  Hechler is believed to have been involved in a recent customer complaint alleging misrepresentation, churning, and other claims.  See: FINRA brokercheck.  If you are an investor who has suffered losses with Hechler or Legend Securities due to misrepresentation, churning, or other types of issues, please contact the Investment Loss Recovery Team at the Ciklin Lubitz & O’Connell Law Firm at 1-800-856-3352 for a no-cost consultation and review.
  9. James Travis Flynn of Greenville, South Carolina was registered with Voya Financial Advisors, Inc. and prior to that with Brookstone SecuritiesFlynn is believed to have been involved in several customer complaints alleging unsuitability and other issues involving variable annuities and other claims.  See: FINRA brokercheck.  If you are an investor who has suffered losses with Flynn, Voya Financial Advisors, or Brookstone Securities due to unsuitability, variable annuities, or other types of issues, please contact the Investment Loss Recovery Team at the Ciklin Lubitz & O’Connell Law Firm at 1-800-856-3352 for a no-cost consultation and review.
  10. Robert Michael Gianchiglia of Worcester, Massachusetts was registered with Ameritas Investment Corp. and prior to that with UBS, Investors Capital Corp., and New England Securities.  Gianchigllia is believed to have been involved in customer complaints alleging misrepresentation, unauthorized trading, breach of fiduciary duty, negligence and other claims.  See: FINRA brokercheck.  If you are an investor who has suffered losses with Gianchiglia, Ameritas, or UBS, Investors Capital, or New England Securities due to misrepresentation, unauthorized trading, breach of fiduciary duty, negligence, variable annuities, or other types of issues, please contact the Investment Loss Recovery Team at the Ciklin Lubitz & O’Connell Law Firm at 1-800-856-3352 for a no-cost consultation and review.
  11. The Financial Industry Regulatory Authority (FINRA) recently sanctioned Cetera Advisor Networks, LLC in connection with alleged violations related to mutual fund sales.  Cetera has neither admitted nor denied the allegations made by FINRA regulators, but in a 5/3/17 Acceptance, Waiver and Consent (AWC) Cetera has agreed to settle the allegations in connection with the alleged violations relating to mutual fund sales between July 2009 and January 2017, by agreeing to sanctions including a censure and payment of approximately $1.9 million. If you are an investor who has suffered losses with Cetera due to mutual fund investments, or other types of issues, please contact the Investment Loss Recovery Team at the Ciklin Lubitz & O’Connell Law Firm at 1-800-856-3352 for a no-cost consultation and review.