Alex Williams (CRD# 2646185), a broker and investment adviser based in New York, has received a pending customer complaint. According...Read More
Peter Cunningham: Complaints Against Beverly Hills Financial Advisor
Investor complaints against Beverly Hills, California broker and investment advisor Peter Cunningham (CRD#: 2400211) allege conduct including unsuitable transactions, negligence, misrepresentation, and more. A representative of Stockcross Financial Services, Cunningham was recently sanctioned by Massachusetts securities regulators over alleged short-term UIT trading, according to information drawn from Financial Industry Regulatory Authority records.
The 2018 action by the Massachusetts Securities Division alleged that Peter Cunningham made fraudulent misrepresentations of material facts and engaged in short-term trading of unit investment trust products. He was censured, ordered to cease-and-desist, and required to take forty hours of securities industry education courses within 12 months of September 3, 2019.
A 2012 complaint alleged that as a representative of Stockcross Financial Services, Peter Cunningham executed unsuitable transactions in her account for a period of ten years and omitted material facts regarding investments. The firm settled the complaint for $150,000.
A 2012 complaint alleged that as a representative of Stockcross Financial Services, Peter Cunningham acted negligently, recommended unsuitable investments, and misrepresented or omitted material facts regarding mutual funds, unit investment trusts, and structured products. The complaint reached a settlement of $90,000.
A 2005 complaint alleged that as a representative of TD Waterhouse Investor Services, he acted negligently and committed fraud. The complaint reached a settlement of $65,103.
A 2000 complaint alleged that as a representative of TD Waterhouse Investor Services, he recommended unsuitable investments. The complaint resulted in an award to the customer of $40,000.
Peter Cunningham is currently registered with Stockcross Financial in Beverly Hills, California, where he has been registered since 2002. His employment history includes Muriel Siebert & Company in Beverly Hills, California; TD Waterhouse Investor Services in Omaha, Nebraska; and Kennedy Cabot & Company in Beverly Hills, California. He currently holds 25 state licenses and has passed three securities industry qualification examinations.