CMD Investigating Claims Against Foothill Securities, Inc. for Unsuitable, Over-Concentration of Customer Accounts in REITs

Securities law firm Carmel, Milazzo & DiChiara LLP (CMD) is investigating claims against Foothill Securities, Inc. for failure to supervise and for  over-concentrating and recommending unsuitable REITs in customer accounts. FINRA’s findings stated that Foothill Securities, Inc. maintained written guidelines for limiting customers’ investments in non-exchange-traded REITs and other non-liquid investments that stated that no […]

CMD Investigating First Financial Equity Corporation For Recommending Unsuitable ETFs and Excessive Commissions

Securities law firm Carmel, Milazzo & DiChiara LLP (CMD) is investigating claims against First Financial Equity Corporation For recommending unsuitable ETFs (Exchange Traded Funds), charging excessive commissions and for failure to supervise. As reported by FINRA, First Financial Equity Corporation had inadequate procedures with respect to the reasonable-basis suitability requirements, in that it had inadequate processes […]

CMD Investigating K.C. Ward Financial and Craig David Dima for Unauthorized Trading

Securities law firm Carmel, Milazzo & DiChiara LLP (CMD) is investigating claims against K.C. Ward Financial and Craig David Dima for unauthorized trading and failure to supervise. As reported by FINRA, Craig David Dima, a former K.C. Ward Financial registered rep, allegedly sold off almost all the holdings of one of his 73-year-old retired clients […]

CMD Investigating Claims Against Legend Securities, Inc., Hank (Henry) Werner and Michael Stanton for Excessive Trading, Churning and Failure to Supervise

Securities law firm Carmel, Milazzo & DiChiara LLP (CMD) is investigating claims against Legend Securities, Inc., Henry Werner and Michael Stanton for excessive trading, churning and failure to supervise. FINRA has filed a complaint against Legend Securities, Inc., Michael Salvatore Stanton and Henry (Hank) Werner alleging that Mr. Werner churned and excessively traded each of a customer’s […]

CMD Investigating Claims Against Broker John Kakonikos for Churning, Excessive Trading, Unsuitable Recommendations and Unauthorized Trading

Securities law firm Carmel, Milazzo & DiChiara LLP (CMD) is investigating claims against stock broker John Kakonikos for churning, excessive trading, unauthorized trading and unsuitable recommendations. According to Mr. Kakonikos’ FINRA BrokerCheck, he has been the subject of at least five (5) customer complaints while registered with Southeast Investments and Caldwell International Securities. According to FINRA, Mr. Kakonikos engaged […]

CMD Investigating Claims Against Stuart Graham Dickinson and WFG Investments, Inc. for Fraud, Failure to Supervise and Unsuitable Investments into Limited Partnerships

Securities law firm Carmel, Milazzo & DiChiara LLP (CMD) is investigating claims against Stuart Graham Dickinson and WFG Investments, Inc. for fraud, failure to supervise and unsuitable investments into limited partnerships.  According to Mr. Dickinson’s FINRA BrokerCheck, he has been the subject of at least two (2) customer complaints and two (2) regulatory investigations. According to […]

CMD Investigating Claims Against John E. Burns for Unsuitable Recommendation and Unauthorized Trading

Securities law firm Carmel, Milazzo & DiChiara LLP (CMD) is investigating claims against stock broker John E. Burns for unsuitable recommendation and unauthorized trading.   According to Mr. Burns’ FINRA BrokerCheck, he has been the subject of at least six (6) customer complaints. According to FINRA, John Burns, while registered with SagePoint Financial and Ameriprise Financial, engaged […]

CMD Investigating Claims Against First American Securities, Inc. for Unsuitable Recommendations of Private Placements

Securities law firm Carmel, Milazzo & DiChiara LLP (CMD) is investigating claims against First American Securities, Inc. for recommending unsuitable private placements, failure to supervise, inadequate due diligence, and investor offering documents (PPM) that contained misleading and unwarranted statements, omissions of material information and material misrepresentations. According to FINRA, First American Securities, Inc. was censured, fined $150,000, […]

CMD Investigating Claims Against Dougherty & Company LLC for Failure to Supervise, Unsuitability and Unauthorized Trading

Securities law firm Carmel, Milazzo & DiChiara LLP (CMD) is investigating claims against Dougherty & Company LLC for failure to supervise, unsuitability and unauthorized trading. According to FINRA, Dougherty & Company LLC was censured, fined $140,000 and required to pay $78,910 in restitution to a customer. According to FINRA, for more than four years, Dougherty & Company […]

CMD Investigating Claims Against VFG Securities and Jason Bryce Vanclef for Over-Concentration in Illiquid Alternative Investments

Securities law firm Carmel, Milazzo & DiChiara LLP (CMD) is investigating claims against VFG Securities and securities broker Jason Bryce Vanclef for over-concentration and failure to supervise in in connection with the recommendation and sale of illiquid alternative investments, such as non-traded direct participation programs (DPPs) and non-traded real estate investment trusts (REITs).  According to […]