FINRA Announces Investigation into James Stuart of Richfield Orion International
On October 27, 2022, FINRA announced that it was recommending disciplinary action against James Stuart (CRD 3022149) of Richfield Orion International in Castle Rock, Colorado. The actions related to excessive trading in customer accounts. If you or someone you know lost money investing with James Stuart of Richfield International, please contact our law office at […]
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 […]
Robert Gleason Fired by Cantella & Co. Over Concentration Letters
Owensboro, Kentucky broker Robert Gleason (CRD# 1415067) was recently terminated from his position at Cantella & Company. According to his Financial Industry Regulatory Authority (FINRA) BrokerCheck report, accessed on March 3, 2022, he is currently registered with IFP Securities. Cantella & Company Terminated Robert Gleason over Trading Conerns In December 2021 Cantella & Company fired […]
How To Sue Your Financial Advisor
It is possible to sue your financial advisor if you feel that you have been wronged or unfairly treated by that individual or an advisory firm. However, the “lawsuit” that you would initiate in order to seek redress from an injury caused by the action or inaction of an individual broker or brokerage is not […]
Judge: Wells Fargo’s Lawyer Had Secret Deal with FINRA To Rig Arbitrations
In a shocking decision, the Superior Court of Fulton, Couty Georgia recently found that Wells Fargo Advisors engaged in a scheme to “manipulate” and “secretly redline the neutral list” of FINRA arbitrators. The decision was published on January 25, 2022 and can best be summarized by Judge Belinda Edwards’ factual conclusion: “The Court’s factual review […]
Oppenheimer Advisor Daniel Mittag Involved in $450,000 Investor Dispute
Daniel Mittag (CRD #: 822636), a broker registered with Oppenheimer & Co., is facing investor allegations that he recommended unsuitable investments, according to his BrokerCheck record, accessed on January 10, 2022. There are two other investor disputes on his record – keep reading for more details. Investor Alleges that Daniel Mittag Engaged in Excessive Trading […]
Former Woodbury Broker Chuck Riggenbach Involved in Investor Dispute
Chuck Riggenbach (CRD #: 1686839), a broker last registered with Woodbury Financial Services Inc., is facing a customer dispute regarding unsuitable investment recommendations, according to his BrokerCheck record, accessed on January 10, 2022. If you want to know more about Mr. Riggenbach’s career as a broker, keep reading. Investor Dispute Pending Before FINRA On September […]
Triad Advisors Pays Fine and Restitution to Resolve FINRA Complaint
In December 2021, FINRA announced that it reached a settlement with Triad Advisors concerning it recommendation of the LJM Mutual Fund to customers. Here are the important details: From September 2016 until February 2018, Triad failed to conduct reasonable due diligence into the risks and features of the LJM Fund. Triad sold $2,267,000 in LJM […]
Wells Fargo Ordered to Pay Customer Restitution of Over $3.3 Million
Wells Fargo Advisors was recently ordered by FINRA to pay over $3.3 million in restitution to investors. According to the agreement, Wells Fargo Advisors agreed that it failed to supervise representative’s 529 plan share class recommendations. The AWC is designed to compensate investors that were steered into higher fee funds. AWC Between Wells Fargo Advisors […]
Woodbury Financial Advisor Richard Allen Involved in Investor Dispute
Richard Allen (CRD# 1139391) has been embroiled in settled or pending customer disputes. According to his Financial Industry Regulatory Authority (FINRA) BrokerCheck report, last accessed on December 21, 2021, Mr. Allen is currently registered as a broker and an investment adviser with Woodbury Financial Services in Alpine, Utah. FINRA: Complaint Alleges up to $500,000 in […]