John J. Kolinofsky—Failure to Adequately Supervise Reps

Rochester stockbroker fraud attorneyJohn J. Kolinofsky Allegedly Failed to Supervise Reps Who Purportedly Participated in the Sale of Approximately $1.72 million of Preferred Shares Issued by Biopharm BioChemics Inc.

John J. Kolinofsky allegedly failed to supervise reps who purportedly participated in the sale of approximately $1.72 million of preferred shares issued by biopharm company BioChemics Inc., according to a Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Alan Rosca and Joe Peiffer.

John J. Kolinofsky, between January 6, 2011 and May 2, 2012, was the branch manager and supervisory principal of Ameriprise’s Financial Services Plano, Texas wherein Kolinofsky supervised a rep only known as WM, the AWC notes.

During said relevant period, WM allegedly participated in the sale of approximately $1.72 million of preferred shares issued by the biopharmaceutical company BioChemics Inc. The Peiffer Rosca Wolf securities lawyers are currently investigating John J. Kolinofsky’s alleged failure to supervise registered reps.

John J. Kolinofsky Allegedly Personally Invested $10,000 in BioChemics without First Providing Notice to Ameriprise

John J. Kolinofsky allegedly personally invested $10,000 in BioChemics without first providing notice to Ameriprise, according to a Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Alan Rosca and Joe Peiffer.

Furthermore, Kolinofsky allegedly knew that WM was engaged in outside business activities with BioChemics for which WM had not provided prior written notice to Ameriprise, the AWC notes.

It should be noted that, according to the AWC, Kolinofsky accepted and consented, without admitting or denying the FINRA findings.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged failure to supervise registered reps. They are currently investigating John J. Kolinofsky’s alleged failure to supervise registered reps. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of John J. Kolinofsky’s alleged failure to supervise registered reps may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1174 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.