Complaints Against Portfolio Advisors Alliance, LLC and Broker Howard J. Allen

Securities law firm Carmel, Milazzo & DiChiara LLP (CMD) is investigating complaints against broker-dealer Portfolio Advisors Alliance, LLC and Howard J. Allen (CRD# 2033586). According to the Financial Industry Regulatory Authority (FINRA), New York based brokerage firm Portfolio Advisors Alliance, LLC (CRD# 101680) has been the subject of at least 3 regulatory events, and Portfolio Advisors Alliance and Mr. […]

CMD is Investigating Claims Against Lawson Financial Corporation for Securities Fraud

Securities law firm Carmel, Milazzo & DiChiara LLP (“CMD”) is investigating claims against brokerage firm Lawson Financial Corporation (CRD# 15261)  for securities fraud. In May 2016, FINRA filed a complaint against Lawson Financial Corporation and its CEO Robert Lawson, alleging that they carried out a massive securities fraud in connection with the sale of millions of […]

Complaints Against Securities America, Inc. (CRD# 10205)

Securities law firm Carmel, Milazzo & DiChiara LLP (CMD) is investigating complaints against broker-dealer Securities America, Inc., a a wholly owned subsidiary of Ladenburg Thalmann Financial Services, Inc. According to the Financial Industry Regulatory Authority (FINRA), Nebraska based brokerage firm Securities America, Inc. (CRD# 10205) has been the subject of at least 29 customer complaints and 46 […]

CMD Investigating Claims Against Steven Ellsworth Larson and Oakbridge Financial Services for Fraud

Carmel, Milazzo & DiChiara LLP (CMD) is investigating potential claims against securities broker Steven Ellsworth Larson (CRD# 2422755) and Oakbridge Financial Services for unauthorized trading and failure to supervise. FINRA has filed a complaint alleging that Steven Ellsworth Larson made numerous misstatements or omissions of material facts concerning the present values and safety of “church bonds”—bonds issued […]

CMD Investigating Claims Against TradeSpot Markets Inc. and Mark Bedros Beloyan for Recommending Unsuitable Penny Stocks and Failure to Supervise

Carmel, Milazzo & DiChiara LLP (CMD) is investigating potential claims against securities broker Mark Bedros Beloyan (CRD# 1392748) and TradeSpot Markets Inc. for recommending unsuitable penny stocks and for failure to supervise. FINRA has alleged that TradeSpot Markets Inc.’s registered representatives recommended penny stocks and engaged in penny stock transactions without complying with the requirements enumerated under Section […]

CMD Investigating Claims Against Lance J. Ziesemer and Feltl & Company for Unsuitable Unit Investment Trusts (UITs) and Failure to Supervise

Carmel, Milazzo & DiChiara LLP (CMD) is investigating potential claims against securities broker Lance J. Ziesemer (CRD# 2342087) and Feltl & Company for recommending unsuitable UITs and for failure to supervise. In May, Lance J. Ziesemer submitted an Acceptance, Waiver & Consent (AWC) in which he was assessed a deferred fine of $7,500, suspended from association with any FINRA member […]

CMD Investigating Claims Against David Michael Miller and The Huntington Investment Company for Unsuitable Unit Investment Trusts (UITs) and Failure to Supervise

Carmel, Milazzo & DiChiara LLP (CMD) is investigating potential claims against securities broker David Michael Miller (CRD# 5461431) and The Huntington Investment Company for recommending unsuitable Unit Investment Trusts (UITs) and for failure to supervise. In July, David Michael Miller was barred from association with any FINRA member in any capacity, required to pay a total of […]

CMD Investigating Claims Against Steven Douglas Ridley and International Assets Advisory, LLC for Unauthorized Trading and Failure to Supervise

Carmel, Milazzo & DiChiara LLP (CMD) is investigating potential claims against securities broker Steven Douglas Ridgley (CRD #4263203, Louisville, Kentucky) and International Assets Advisory, LLC for unauthorized trading and failure to supervise. In May, Steven Douglas Ridgley submitted an Acceptance, Waiver & Consent in which he was fined $10,000 and suspended from association with any FINRA member in […]

CMD Investigating Claims Against Broker Kelsey Marie Molyet and J.J.B. Hilliard, W.L. Lyons, LLC for Fraud

Carmel, Milazzo & DiChiara LLP (CMD) is investigating potential claims against securities broker Kelsey Marie Molyet (CRD #5695243, Indianapolis, Indiana) and J.J.B. Hilliard, W.L. Lyons, LLC, for fraud and failure to supervise. In May, Kelsey Marie Molyet submitted an Acceptance, Waiver and Consent in which she was barred from association with any FINRA member in any […]

FINRA Fines Oppenheimer Nearly $3,000,000 on Leveraged ETF Violations

  The Financial Industry Regulatory Authority (FINRA) said Wednesday that it has fined Oppenheimer & Co. Inc. $2.25 million and ordered the firm to pay restitution of more than $716,000 to affected customers for selling leveraged, inverse and inverse-leveraged exchange traded funds (ETFs) to retail customers without reasonable supervision, and for recommending these non-traditional ETFs […]