Churning

Investor Alert By Mika Meyers, PLC: FINRA Files Complaint Against Kelly Clayton Althar, Former Securities Agent of Financial West Group

Investor Alert By Mika Meyers, PLC: FINRA Files Complaint Against Kelly Clayton Althar, Former Securities Agent of Financial West Group

On January 6, 2017, the Financial Industry Regulatory Authority filed a Complaint against broker Kelly Clayton Althar, a former registered representative of Financial West Group (“FWG”). The Complaint alleges that between April 2011 and March 2014, Althar made unsuitable investment recommendations and engaged in excessive trading (often referred to as…

Investor Alert: Jeffrey A. Hill and Dougherty & Company

Investor Alert: Jeffrey A. Hill and Dougherty & Company

Broker Jeffrey A. Hill, who was formerly registered with brokerage firms Wells Fargo Advisors and Dougherty & Company in Bemidji, Minnesota, has been suspended from the securities industry for 15 months following allegations that he exercised discretionary trading authority in customer accounts without the customers’ authorization in order to implement…

Michigan Securities Attorneys, Mika Meyers, PLC, File $2 Million Churning Claim Against Anthony Mastroianni, JP Turner, and Alexander Capital

Michigan Securities Attorneys, Mika Meyers, PLC, File $2 Million Churning Claim Against Anthony Mastroianni, JP Turner, and Alexander Capital

Mika Meyers has filed a $2 million FINRA arbitration claim on behalf of a retired investor from the Metro Detroit area against stock broker Anthony Mastroianni, Jr. and the brokerage firms that employed him from 2010 to 2013. The Statement of Claim alleges that Mastroianni “cold called” the retired investor from his office in New…

FINRA Panel in Detroit, Michigan Awards $300,000 in Churning Case Against Oppenheimer & Co.

FINRA Panel in Detroit, Michigan Awards $300,000 in Churning Case Against Oppenheimer & Co.

On March 6, 2015, a panel of FINRA arbitrators in Detroit, Michigan awarded $300,000 in compensatory damages, attorneys’ fees, and costs to Rose LaBolle (“Claimant”) in connection with claims filed against Oppenheimer & Co., Inc. (“Respondent”). According to the publically-available Award (FINRA Case No. 13-02460), the Claimant asserted the following causes…