Law Office of Christopher J. Gray wishes to alert investors to the possibility that recommendations of Halcon Resources Corporation (Halcon) by broker-dealers may be unsuitable, depending on the individual characteristics of investors and whether the broker had a reasonable basis for the recommendation. Halcon, a Texas based company, is an independent oil and gas company…
Continue reading ›According to the Financial Industry Regulatory Authority (FINRA) former LPL Financial, LLC (LPL Financial) Broker Garrett Aherns (Aherns) has been fined because of allegations he used false and misleading consolidated reports with clients. In addition, Aherns has had at least two (2) customer complaints made against him. The customer complaints reportedly concern allegations that Aherns…
Continue reading ›According to the Financial Industry Regulatory Authority (FINRA), Questar Capital Corporation (Questar Capital) broker Jeffery Mohlman (Mohlman) was barred from the securities industry over failure to respond to regulatory requests concerning his alleged unapproved and undisclosed private securities transactions. FINRA had requested that Mohlman appear for on-the-record testimony, Mohlman’s counsel informed FINRA that Mohlman would…
Continue reading ›Law Office of Christopher J. Gray wishes to alert investors to the possibility that recommendations of Oil Linked Structured Notes (Structured Notes) by broker-dealers may be unsuitable, depending on the individual characteristics of investors and whether the broker had a reasonable basis for the recommendation. A structured note is a debt obligation from an investment…
Continue reading ›According to the Financial Industry Regulatory Authority (FINRA) former J.P. Turner & Company, LLC (J.P. Turner) broker John M. Lopinto (Lopinto) has had at least two (2) customer complaints made against him. Some of the customer complaints reportedly allege negligence, breach of fiduciary duty, misrepresentation, unsuitable and excessive trading, fraud and churning. Lopinto has been…
Continue reading ›Recommendations of Van Eck International Investors Gold Fund (Van Eck Fund) by broker-dealers and investment advisors may be unsuitable, depending on the individual characteristics of investors and whether the broker had a reasonable basis for the recommendation. The Van Eck Fund is a type of mutual fund, meaning the portfolio is funded by investors; the…
Continue reading ›Investors in Atel Capital Equipment Fund IX (Atel) may have valid arbitration claims against stockbrokers or investment advisors if advisors’ recommendations of Atel lacked a reasonable basis. Such recommendations by broker-dealers and advisors may be unsuitable, depending on the individual characteristics of investors and whether the broker had a reasonable basis for the recommendation. Equipment…
Continue reading ›According to the Financial Industry Regulatory Authority (FINRA) Newport Coast Securities, Inc. (Newport Coast) broker Lucian D. Hodgman (Hodgman) is being suspended from the financial industry for alleged misleading advertisement and dishonest statements. Hodgman has also faced customer complaints alleging unauthorized trading, unsuitable investments, churning and excessive trading. Hodgman has been registered with the securities…
Continue reading ›According to the Financial Industry Regulatory Authority (FINRA), Cambria Capital, LLC. (Cambria Capital) broker Robert Potter (Potter) was barred from the securities industry over failure to respond to regulatory requests concerning his alleged comingling of funds. FINRA sent Potter a letter requesting him to send documents and information regarding the comingling allegations by August 17,…
Continue reading ›Law Office of Christopher J. Gray, P.C. wishes to alert investors to the possibility that recommendations of Direxion ETF (Exchange Traded Fund) Funds (Direxion) by broker-dealers may be unsuitable, depending on the individual characteristics of investors and whether the broker had a reasonable basis for the recommendation. An ETF fund is similar a mutual fund…
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