Articles Tagged with mutual funds

The securities fraud attorneys at Malecki Law are interested in hearing from investors who have complaints against stockbroker Walter Marino.  Mr. Marino is currently employed and registered with Lincoln Investment, a broker-dealer, working out of the Dix Hills, New York office, according to his publicly available BrokerCheck, as maintained by the Financial Industry Regulatory Authority (FINRA).

Per his BrokerCheck report, Mr. Marino was previously employed by Legend Securities from 2002 to August 2015, when he was discharged after the “Firm discovered what [Mr. Marino] represented as a non-replacement [variable annuity] sale was in fact a replacement.”  Prior to his employment and subsequent termination from Legend Securities, Mr. Marino left Brill Securities in 2001 by “voluntary resignation” amid allegations of unauthorized trading activity and disregarding a customer’s investments, according to BrokerCheck.

Currently, according to BrokerCheck records, it appears Mr. Marino is a registered broker in Connecticut, New Jersey, New York and South Carolina.

The securities fraud attorneys at Malecki Law are interested in hearing from investors who have complaints against stockbroker Rudolf Malebranche.  Mr. Malebranche was employed and registered with Santander Securities LLC.  He was previously registered with J.P. Morgan Securities LLC, Chase Investment Securities Corp., Wachovia Securities, Morgan Stanley DW, Inc., Prudential Securities, Inc. and Whale Securities Co., L.P., according to his publicly available BrokerCheck, as maintained by the Financial Industry Regulatory Authority (FINRA).

According to his BrokerCheck report, a Letter of Acceptance, Waiver and Consent (AWC) was accepted by FINRA stating that Mr. Malebranche was fined $5,000 and suspended from associating with any broker-dealer for three months as a result of submitting a switch form, which authorized the sale of two mutual funds, after himself filling in the customer’s initials on the form without the authorization from the client.  As a result of this conduct, Mr. Malebranche was also discharged from employment with J.P. Morgan Securities LLC, according to industry records.

Mr. Malebranche also was the subject of a customer complaint alleging unsuitability in connection with the sale of a fixed annuity, resulting in $15,892.28 repaid to the customer (more than the $15,650 requested), according to the BrokerCheck report.