1. Arif Ahmed — CRD #3099755
- Official FINRA BrokerCheck Report: FINRA BrokerCheck – Arif Ahmed (CRD #3099755)
- Document Status: Customer Arbitration / Statement of Claim Disclosures.
- Key Docket / Filing Details:
- $225,000,000 Dispute: Form U5 termination disclosure filed by J.P. Morgan Securities LLC detailing customer allegations of churning, misrepresentation, and unsuitable recommendations (2020–2023).
- $38,000,000 Dispute: Statement of Claim regarding unsuitable investment fee structures.
(Both full case summaries are available in Section 6: Disclosure Events of his downloadable BrokerCheck PDF report.)
2. Donald P. Robbins — CRD #4230238
- Official FINRA BrokerCheck Report: FINRA BrokerCheck – Donald P. Robbins (CRD #4230238)
- Document Status: Customer Dispute / Arbitration Disclosure.
- Key Docket / Filing Details:
- $17,500,000 Dispute: Statement of Claim filed concerning collateralized securities accounts pledged for life insurance premium financing, resulting in client illiquidity and forced margin liquidations. Available under his BrokerCheck Disclosure summary.
3. Daniel Todd Lerner — CRD #1255769
- Official FINRA BrokerCheck Report: FINRA BrokerCheck – Daniel Todd Lerner (CRD #1255769)
- FINRA Regulatory Disciplinary Action PDF:
- Regulatory Action: FINRA Letter of Acceptance, Waiver, and Consent (AWC).
- Resolution Date: May 20, 2025 (Sanction: 2-month suspension, $5,000 fine).
- Subject Matter: Unsuitable recommendations of illiquid proprietary limited partnerships (Energy 11, L.P. and Energy Resources 12, L.P.) to an elderly investor. Accessible via search on FINRA Disciplinary Actions Online.
- Active Customer Dispute Dockets: Pending customer arbitrations requesting $960,511, $380,000, and $222,091 detailed in his BrokerCheck record.
4. John Palma — CRD #5704983 / CRD #6848651
- Official FINRA BrokerCheck Report: FINRA BrokerCheck – John Palma
- FINRA Regulatory Disciplinary Action PDF:
- AWC Number: AWC No. 2019060753511
- Regulatory Sanction: Permanent Bar in all capacities under FINRA Rules 8210 and 2010 (Effective March 25, 2025).
- Order Document: Published as a formal Letter of Acceptance, Waiver, and Consent PDF searchable under AWC #2019060753511 on FINRA Disciplinary Actions Online.
- Arbitration Award Reference: Related $10.9 million award involving unsuitability and excessive trading during tenure at SW Financial.
5. Thomas P. Magruder — CRD #2642598
- Official FINRA BrokerCheck Report: FINRA BrokerCheck – Thomas P. Magruder (CRD #2642598)
- FINRA Regulatory Disciplinary Action PDF:
- Regulatory Action: Notice of Suspension / Bar under FINRA Rule 8210 and Rule 9552 for failure to provide testimony and documents regarding customer loans and Raymond James termination.
- Search Archive: Fileable order accessible on FINRA Disciplinary Actions Online.
- Customer Dispute Dockets: Active customer arbitrations for unauthorized customer borrowing (FINRA Rule 3240) and discretionary account sales seeking $600,000.
6. William Mitchell Lefkowitz — CRD #1170503
- Official FINRA BrokerCheck Report: FINRA BrokerCheck – William Mitchell Lefkowitz (CRD #1170503)
- Document Status: Firm Disciplinary Termination & Customer Arbitration Claims.
- Key Docket / Filing Details:
- B. Riley Form U5 Termination: Failure to disclose customer complaints and inaccurate compliance attestations.
- Pending Arbitrations: Statements of Claim seeking $1,000,000 (excessive commissions) and $500,000 (trust account churning), detailed in Section 6 of his BrokerCheck PDF report.
7. Kevin Kelly — CRD #4560737
- Official FINRA BrokerCheck Report: FINRA BrokerCheck – Kevin Kelly (CRD #4560737)
- FINRA Regulatory Disciplinary Action PDF:
- Regulatory Action: FINRA Letter of Acceptance, Waiver, and Consent (AWC).
- Sanctions: 9-month regulatory suspension and restitution for quantitative unsuitability and willful violations of SEC Regulation Best Interest (Reg BI) at Spartan Capital Securities. Searchable by name/CRD on FINRA Disciplinary Actions Online.
- Pending Customer Arbitration: Customer Statement of Claim seeking $958,000 for structured notes and speculative equity churning.
8. Ryan David Finch — CRD #6379871
- Official FINRA BrokerCheck Report: FINRA BrokerCheck – Ryan David Finch (CRD #6379871)
- Document Status: Active Customer Dispute Arbitrations.
- Key Docket / Filing Details:
- Six Pending Arbitrations: Statements of Claim filed between 2024 and 2026 alleging breach of fiduciary duty and unsuitability in alternative Delaware Statutory Trusts (DSTs) and illiquid real estate programs (including claims for $676,000 and $141,146). Documented on page disclosures of his BrokerCheck report.
9. Mahmoud Elawadi — CRD #5319152
- Official FINRA BrokerCheck Report: FINRA BrokerCheck – Mahmoud Elawadi (CRD #5319152)
- Document Status: Customer Arbitration Claim (“Selling Away” / Private Securities Transactions).
- Key Docket / Filing Details:
- $1,500,000 Claim: Pending arbitration Statement of Claim filed by investor alleging improper solicitation of capital into undisclosed private entities (MMMH Trading, LLC and Mount Sinai LLC) under FINRA Rules 3270 and 3280. Full disclosure itemized in his official PDF report.
10. David Nathan Cohen — CRD #5083883
- Official FINRA BrokerCheck Report: FINRA BrokerCheck – David Nathan Cohen (CRD #5083883)
- FINRA Regulatory Disciplinary Action PDF:
- FINRA Case Number: Case #2025088109801
- Action Type: Letter of Acceptance, Waiver, and Consent (AWC).
- Sanction: Permanent Bar in all capacities (Final Order dated March 3, 2026).
- Allegations: Refusal to appear for on-the-record testimony in connection with FINRA’s investigation into allegations of converting or misappropriating customer funds.
- Document Retrieval: The full AWC order PDF is available by searching Case
#2025088109801on FINRA Disciplinary Actions Online.
- Active Arbitration Docket: FINRA Arbitration Docket No. 25-02530 (seeking $500,000 for alleged misappropriation of funds).
Recovering Investment Losses Through FINRA Arbitration
Brokerage firms have a non-delegable duty under FINRA Rule 3110 to establish, maintain, and enforce a rigorous supervisory system to protect client accounts. When registered representatives engage in churning, sell unapproved products away from the firm, or recommend complex illiquid securities unsuitable for an investor’s risk profile, the broker-dealer may be held legally liable for the resulting financial harm.
Investors who suffered substantial losses with any of the financial advisors listed above may pursue financial recovery through private FINRA arbitration rather than civil court. The arbitration process offers an efficient path to seek compensation for net out-of-pocket losses, interest, and statutory damages.
Contact Sonn Law Group for a Free, Confidential Case Evaluation
Sonn Law Group represents individual and institutional investors nationwide in FINRA arbitration and securities litigation. Led by Jeffrey Sonn, Esq., our legal team has recovered hundreds of millions of dollars on behalf of defrauded investors across the country.
If you have concerns about your investment accounts or sustained losses due to suspected broker misconduct, contact Sonn Law Group at 1-844-689-5754 or submit an online inquiry through our secure contact form to schedule your complimentary, no-obligation consultation.
