A recent investor complaint against Greenville, South Carolina financial advisor Wesley Palmer (CRD# 6433982) alleges that his advice resulted in...
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Matt Kerby: Edward Jones Advisor Barred By Regulators
Matt (Matthew) Kerby, formerly a financial advisor with Edward Jones in Paoli, Illinois, has been barred by the Financial Industry Regulatory Authority (FINRA), which is the regulator that oversees financial advisors. On November 9, 2017, it was reported that Edward Jones discharged Kerby for “misuse of client funds for his own benefit.” FINRA alleges… Read More »
Richard Shotz: Wells Fargo Financial Advisor Suspended
Richard Shotz: Wells Fargo Financial Advisor Suspended Richard Shotz, a financial advisor with Wells Fargo Advisors in Daytona Beach, Florida, has been suspended by the Financial Industry Regulatory Authority (FINRA) for four months and fined $7,500. FINRA found that Shotz “engaged in an unsuitable pattern of short-term trading of Unit Investment Trusts (UITs) in… Read More »
Melvin Case: LPL Financial Advisor Suspended
Melvin Case, a former Jacksonville, Florida, LPL financial advisor, has been suspended by the Financial Industry Regulatory Authority (FINRA) for six months and fined $5,000 for failing to notify regulators of a felony charge and guilty plea. This comes after LPL Financial terminated Case’s employment on or around May 2, 2017, for “allegations of… Read More »
Financial Advisor to Athletes Sued For Fraud After NFL Agent Defaulted on Loan
By Chase Carlson | Twitter: @ChaseACarlson Daryl Davis, a financial advisor to professional athletes, and his company, The Parrish Group, LLC, have been sued by Christopher Monroe, former professional overseas basketball player. According to a brochure from The Parrish Group, it is an “investment advisory firm that focuses on creating customized strategies for everyone… Read More »
Bradley Ross: UBS Advisor Has 7 Customer Complaints
Bradley (Brad) Ross of UBS Financial Services in Fort Lauderdale, Florida, has seven customer complaints disclosed on his regulatory report. This report can be viewed through the Financial Industry Regulatory Authority’s (FINRA) Brokercheck portal. Of the seven customer complaints, five were from 2014 to present and six resulted in payments to customers. The latest… Read More »
Ross Cammarata: UBS Financial Advisor Has Four Customer Complaints
Ross Cammarata, also known as Rosario Cammarata, of UBS Financial Services in Fort Lauderdale, has four customer complaints disclosed on his regulatory record, all of which resulted in settlements and payments totaling $277,000 to the customers. Three of the four complaints are from 2015 to present. On May 4, 2016, a customer alleged Cammarata… Read More »
Ramiro Colon: UBS Employee Has 25 Customer Complaints
Ramiro Luis Colon III of UBS Financial Services in Miami, Florida has 25 customer complaints on his Brokercheck report maintained by the Financial Industry Regulatory Authority. Of those 25 complaints, 24 were from 2014 to present. Six of the complaints settled, and the rest are still pending. One customer complaint, dated July 10, 2014,… Read More »
Sumaya Musa: UBS Financial Advisor Has Four Complaints
Sumaya Musa of UBS Financial Services in Miami, Florida, has four customer complaints on her regulatory report maintained by the Financial Industry Regulatory Authority (FINRA). All four complaints are from May 2014 to October 2015 and appear to relate to Puerto Rico closed-end bond funds and municipal bonds. The first complaint, dated May 22,… Read More »
Hector Mercado: UBS Financial Advisor Has Four Complaints
Hector Mercardo, of UBS Financial Services in Miami, Florida, has four customer complaints on his regulatory report maintained by the Financial Industry Regulatory Authority (FINRA). Of the four complaints, three are from April 2016 to May 2017 and appear to relate to Puerto Rico closed-end bond funds and municipal bonds. One claim, alleging “misrepresentations,… Read More »
Alberto Castaner: Morgan Stanley Financial Advisor Has Four Customer Complaints
Alberto Castaner, a financial advisor in Morgan Stanley’s Fort Lauderdale office, has four customer complaints against him. The complaints are disclosed on his regulatory report with the Financial Industry Regulatory Authority (FINRA). On September 19, 2017, a customer brought a FINRA arbitration, alleging $850,000 in damages relating to “investment recommendations to purchase and to… Read More »
