CLAIMANT ALLEGES NEGLIGENCE AND BREACH OF FIDUCIARY DUTY.

$100,000.00

$90,000.00

CLAIMANT ALLEGES THE ACCOUNT WAS INVESTED IN UNSUITABLY RISKY ETF'S, NEGLIGENCE AND BREACH OF FIDUCIARY DUTY.

$160,000.00

$77,500.00

CLIENT ASSERTS THAT REGISTERED REPRESENTATIVE MADE UNSUITABLE INVESTMENT RECOMMENDATIONS AND CHARGED EXCESSIVE COMMISSIONS IN SERVICING THE CLIENT'S ACCOUNT.

$700,000.00

$925,000.00

FINRA

Respondent Neas failed to respond to FINRA request for information.

Letter

Bar (Permanent)

All Capacities

Indefinite

1/8/2018

Pursuant to FINRA Rule 9552(h) and in accordance with FINRA's Notice of Suspension and Suspension from Association letters dated October 4, 2017, and October 30, 2017, respectively, on January 8, 2018, Neas is barred from association with any FINRA member in any capacity. Respondent failed to request termination of his suspension within three months of the date of the Notice of Suspension; therefore, he is automatically barred from association with any FINRA member in any capacity.

$155,388.00

Tax

$1,083,356.73

Civil

CUSTOMER ALLEGES THAT DURING THE PERIOD OF NOVEMBER 30, 2010, HIS ACCOUNT HAS LOST VALUE; FURTHER THE CUSTOMER EXPRESSED CONCERN WITH THE AMOUNT OF COMMISSIONS CHARGED IN HIS ACCOUNT DURING THE PRIOR MONTH.

$240,000.00

THE CUSTOMER ALLEGES UNSUITABLE INVESTMENT RECOMMENDATIONS, MISREPRESENTATION AND OMMISSIONS OF MATERIAL FACTS, UNAUTHORIZED TRADING AND EXCESSIVE TRADING FROM APRIL 2006 TO JULY 2008.

$538,845.50

$75,000.00

$3,617.53

Civil

$32,123.38

Civil

THE CUSTOMER ALLEGES MISREPRESENTATION AND UNSUITABLE INVESTMENT RECOMMENDATIONS.

$3,000,000.00

$80,000.00

ORAL COMPLAINT. CLIENT ALLEGES THAT THE FINANCIAL ADVISOR MADE UNAUTHORIZED OPTIONS TRADES.

$128,000.00

MERRILL LYNCH,PIERCE,FENNER, & SMITH, INCORPORATED

Discharged

MR. NEAS'S EMPLOYMENT WAS TERMINATED ON JULY 9,2008 AFTER THE FIRM CONCLUDED THAT HE EXERCISED DISCRETION IN CLIENT ACCOUNTS WITHOUT WRITTEN AUTHORIZATION. MR NEAS DENIES THAT HE EXERCISED DISCRETION.

ORAL COMPLAINT - CUSTOMERS ALLEGE DISCRETIONARY TRADING IN THEIR ACCOUNT. ALLEGED DAMAGES UNSPECIFIED.

$300,000.00

CLIENT ALLEGES THAT THE FINANCIAL ADVISOR MADE AN UNAUTHORIZED TRADE.

$300,000.00

$165,000.00

CLIENT VERBALLY ALLEGEST THAT HIS FINANCIAL ADVISORS " USED INAPPROPRIATE INVESTMENTS, UNAUTHORIZED TRADING AND MISREPRESENTATION OT CAUSE HIM AND HIS WIFE TO SUFFER LOSSES OF ABOUT $320000.00" THE ALLEGED ACTIVITY TOOK PLACE BETWEEN MARCH 2003 AND SEPTEMBER 2005.

$320,000.00

$140,000.00

CUSTOMER ALLEGES UNAUTHORIZED TRADES AND UNAUTHORIZED JOURNALING OF MUTUAL FUNDS.

$5,000.00