FINRA Releases Information about Recent Broker Terminations
MDF Law is investigating the terminations for cause of the following individuals: Chip Wodrich (formerly of Honor Townsend & Kent), Robert Mehlin (formerly of Coastal Equities, Inc.), Dusty Sternadel (formerly of Ameriprise Financial Services), Gary Chang (formally of Morgan Stanley), Brent Hablutzel (formally of Rockefeller Financial), Chad Barancyk (formally of Great Point Capital), Daniel Ballister (formally of MML Investors Services).
If you or someone you know lost money investing with any of these individuals, please contact MDF Law at 800-767-8040 and ask to speak with attorneys Marc Fitapelli or Jeffrey Saxon. The following information was accessed from FINRA BrokerCheck as of September 6, 2022:
|Reason for Discharge
|Honor Townsend & Kent
|The registered representative’s contract with the member firm was terminated for violation of the member firm’s procedures with respect to (a) client communications, including using an unapproved email address to communicate with clients; (b) use of discretion in client accounts; and (c) failure to timely forward a client complaint.
|Coastal Equities, Inc.
|Firm learned of an AWC that RR agreed to a suspension and fine that was not reported by the RR.
|Ameriprise Financial Services, LLC
|The registered representative was terminated for violation of company policies related to misappropriation of client funds.
|Concerns regarding representative’s misappropriation of funds from client accounts.
|Exercised discretion over certain customer trades without authority; lack of candor in internal review; and resulting loss of confidence by Management.
|Great Point Capital, LLC
|Failed to provide required information for a FINRA inquiry
|MML Investors Services, LLC
|Registered Representative did not follow company policies and procedures with respect to C Shares, discretionary trading and churning.
September 2022 Report
If you or someone you know lost money investing with any of these individuals, please call 800-767-8040 and ask to speak with attorneys Marc Fitapelli or Jeffrey Saxon.