Customer Loans

Archive | Customer Loans

FINRA Bars APW Capital Stockbroker In Loan Investigation

October 08, 2021  |   Posted by :   |   Customer Loans, Investment and Regulatory News   |   Comments Off on FINRA Bars APW Capital Stockbroker In Loan Investigation

Paul Wesley Furusho of San Francisco California a stockbroker formerly registered with APW Capital Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Furusho did not testify in a FINRA investigation relating to his potential loan arrangement with an APW Capital customer and […]

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LPL Financial Stockbroker Accused Of Unsuitable Investment Recommendations

October 08, 2021  |   Posted by :   |   Customer Loans, Investment and Regulatory News, Misappropriation of Funds, Unsuitable Investment Recommendations   |   Comments Off on LPL Financial Stockbroker Accused Of Unsuitable Investment Recommendations

Christopher Bryan Black (also known as Chris Bryan Black) of Statesboro Georgia a stockbroker formerly registered with LPL Financial LLC is the subject of a customer initiated investment related written complaint on May 21, 2021, where the customer sought $84,166.22 in damages based upon accusations that Black provided unsuitable recommendations to them concerning municipal bonds […]

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Wells Fargo Stockbroker Barred By FINRA In Loan Investigation

October 08, 2021  |   Posted by :   |   Customer Loans, Investment and Regulatory News   |   Comments Off on Wells Fargo Stockbroker Barred By FINRA In Loan Investigation

Courtney Michelle Kaplan (also known as Courtney Michelle Carlsen, Courtney Michelle Ingram, and Courtney Ingram Yarmesch) of Tampa Florida a stockbroker formerly registered with Wells Fargo Clearing Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that she failed to comply with a FINRA […]

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FINRA Files Complaint Against Edward Jones Stockbroker

September 16, 2021  |   Posted by :   |   Customer Loans, Investment and Regulatory News   |   Comments Off on FINRA Files Complaint Against Edward Jones Stockbroker

Alan Robert Price of Frankfort Indiana a stockbroker formerly registered with Edward Jones has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement with engaging in unauthorized activities including borrowing from customers while he was registered with Edward Jones. Department of Enforcement v. Alan Price Disciplinary Proceeding No. 2020066136801 (Aug. 30, 2021). According […]

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FINRA Files Complaint Against Mora WM Stockbroker

September 03, 2021  |   Posted by :   |   Customer Loans, Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on FINRA Files Complaint Against Mora WM Stockbroker

Jorge Antonio Netto of Coral Gables Florida a stockbroker currently registered with Boreal Capital Securities LLC (formerly known as Mora WM Securities Inc.) has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement with engaging in outside business activities that were not authorized and which involved a customer of the securities broker dealer […]

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FINRA Bars Raymond James Stockbroker In Investigation

September 01, 2021  |   Posted by :   |   Customer Loans, Investment and Regulatory News   |   Comments Off on FINRA Bars Raymond James Stockbroker In Investigation

Jeffrey Travis Drost of Victoria Texas a stockbroker formerly registered with Raymond James Financial Services Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Drost failed to cooperate with FINRA during the period that he was under investigation for potentially borrowing from customers […]

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FINRA Bars National Securities Stockbroker In Investigation

August 26, 2021  |   Posted by :   |   Customer Loans, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on FINRA Bars National Securities Stockbroker In Investigation

William Wright Jr. of New York New York a stockbroker formerly registered with National Securities Corporation has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings of Wright failing to cooperate during the period that he was investigated for “borrowing” customer funds. Letter of Acceptance Waiver […]

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FINRA Bars Allstate Stockbroker In Investigation

August 15, 2021  |   Posted by :   |   Customer Loans, Investment and Regulatory News   |   Comments Off on FINRA Bars Allstate Stockbroker In Investigation

David Allen Maute of Springfield Ohio a stockbroker formerly registered with Allstate Financial Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that Maute did not provide a response to FINRA’s requests for his documents and information in an investigation about his possible […]

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Wells Fargo Stockbroker Sanctioned For Customer Loan

May 31, 2021  |   Posted by :   |   Customer Loans, Investment and Regulatory News   |   Comments Off on Wells Fargo Stockbroker Sanctioned For Customer Loan

Hung Sam (also known as Sam T. Hung and as Hung Tuan Sam) a stockbroker formerly registered with Wells Fargo Clearing Services LLC has been fined $5,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Sam borrowed funds from a customer […]

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LPL Stockbroker Sanctioned By FINRA For Customer Loan

May 15, 2021  |   Posted by :   |   Churning, Customer Loans, Investment and Regulatory News   |   Comments Off on LPL Stockbroker Sanctioned By FINRA For Customer Loan

Elias Moses Hakimian (also known as Elias Moses Lopez-Hakimian) of Seal Beach California a stockbroker formerly registered with LPL Financial LLC has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he borrowed an LPL Financial customer’s funds in […]

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FINRA Sanctions MML Stockbroker For Customer Loan

April 18, 2021  |   Posted by :   |   Customer Loans, Investment and Regulatory News   |   Comments Off on FINRA Sanctions MML Stockbroker For Customer Loan

Keith Holcomb of Pawtucket Rhode Island a stockbroker formerly registered with MML Investors Services LLC has been fined $7,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Holcomb borrowed customer funds in violation of MML company policy. Letter of Acceptance Waiver and Consent No. […]

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FINRA Charges Edward Jones Stockbroker In Investigation

April 18, 2021  |   Posted by :   |   Customer Loans, Investment and Regulatory News   |   Comments Off on FINRA Charges Edward Jones Stockbroker In Investigation

Alan Robert Price of Frankfort Indiana a stockbroker formerly registered with Edward Jones has been charged by Financial Industry Regulatory Authority (“FINRA”) Department of Enforcement with failing to cooperate with FINRA’s requests during the period that he was under investigation for borrowing funds form a customer. Department of Enforcement v. Alan Price Disciplinary Proceeding No. […]

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FINRA Sanctions Northwestern Stockbroker For Customer Loan

February 16, 2021  |   Posted by :   |   Customer Loans, Investment and Regulatory News   |   Comments Off on FINRA Sanctions Northwestern Stockbroker For Customer Loan

Manish Hemant Shah of Princeton New Jersey a stockbroker formerly registered with Northwestern Mutual Investment Services LLC has been fined $15,000.00 and suspended for 20 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he borrowed money from a Northwestern customer and had concealed his activities […]

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FINRA Sanctions AXA Stockbroker For Misrepresentation

February 16, 2021  |   Posted by :   |   Customer Loans, Investment and Regulatory News, Promissory Notes, Selling Away and Outside Activities, Variable Annuites   |   Comments Off on FINRA Sanctions AXA Stockbroker For Misrepresentation

Lisa Ann Brumm (also known as Lisa Ann Moon) of Portland Oregon a stockbroker formerly registered with AXA Advisors LLC has been fined $7,500.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that she provided unsuitable recommendations to customers and made misrepresentations […]

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FINRA Bars Another Newbridge Stockbroker In Investigation

February 01, 2021  |   Posted by :   |   Boilerroom Sales, Customer Loans, Investment and Regulatory News, Non-traded REITs   |   Comments Off on FINRA Bars Another Newbridge Stockbroker In Investigation

Dustin Paul Shafer of Springfield Illinois a stockbroker formerly registered with Newbridge Securities Corporation has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he failed to cooperate with FINRA during the period that he was investigated for borrowing from Newbridge customers. Letter of Acceptance […]

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FINRA Bars LPL Stockbroker In Investigation

February 01, 2021  |   Posted by :   |   Customer Loans, Investment and Regulatory News   |   Comments Off on FINRA Bars LPL Stockbroker In Investigation

Christopher Bryan Black of Statesboro Georgia a stockbroker formerly registered with LPL Financial has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he did not comply with FINRA Department of Enforcement during its investigation into loans that Black possibly received from a customer of […]

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New Jersey Revokes Columbia Stockbroker’s License

February 01, 2021  |   Posted by :   |   Customer Loans, Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on New Jersey Revokes Columbia Stockbroker’s License

Lance Roman Armstrong of Columbia New Jersey a stockbroker formerly registered with Raymond James Financial Services has been issued an Order by New Jersey Bureau of Securities on September 17, 2020 in which Armstrong’s stockbroker registration in New Jersey has been revoked founded on allegations that he neglected to obtain authorization from Raymond James to […]

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FINRA Bars TCFG Stockbroker For Customer Loan

January 19, 2021  |   Posted by :   |   Customer Loans, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on FINRA Bars TCFG Stockbroker For Customer Loan

Charles Acheson Laverty of Newport Beach California a stockbroker formerly registered with TCFG Wealth Management LLC has been issued a Decision by Financial Industry Regulatory Authority (FINRA) National Adjudicatory Council which affirmed that Laverty is barred from associating with any FINRA member in any capacity based on findings of Laverty borrowing from customers and providing […]

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LPL Stockbroker Sanctioned For Customer Loan

December 01, 2020  |   Posted by :   |   Customer Loans, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on LPL Stockbroker Sanctioned For Customer Loan

Timothy Aaron Engelmann of Albuquerque New Mexico a stockbroker formerly registered with LPL Financial LLC has been fined $5,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Engelmann borrowed funds from customers without authorization. Letter of Acceptance Waiver and Consent No. […]

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Raymond James Stockbroker Sanctioned For Taking Funds From Elderly Customer

November 30, 2020  |   Posted by :   |   Customer Loans, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Raymond James Stockbroker Sanctioned For Taking Funds From Elderly Customer

Michael Alan Biedny of Clarence New York a stockbroker formerly registered with Raymond James Financial Services has been fined $5,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Biedny concealed from Raymond James that he took $118,000 from a senior customer. […]

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AXA Stockbroker Sanctioned For Taking Funds From Customers

November 30, 2020  |   Posted by :   |   Customer Loans, Elder Financial Abuse, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on AXA Stockbroker Sanctioned For Taking Funds From Customers

Philip Anthony Simone of Irvine California a stockbroker formerly registered with AXA Advisors LLC has been fined $12,000.00 and suspended for eleven months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Simone borrowed funds from elderly customers and then failed to be forthcoming about it with […]

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PFS Stockbroker Sanctioned By FINRA For Customer Loans

November 04, 2020  |   Posted by :   |   Customer Loans, Securities Arbitration Claims   |   Comments Off on PFS Stockbroker Sanctioned By FINRA For Customer Loans

Michael Kris Pina of Fort Lauderdale Florida a stockbroker formerly employed by PFS Investments Inc. has been fined $10,000.00 and suspended for sixteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Pina borrowed money from customers of the securities broker dealer. Letter of Acceptance Waiver […]

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FINRA Bars Another SW Financial Stockbroker

November 04, 2020  |   Posted by :   |   Boilerroom Sales, Churning, Customer Loans, Securities Arbitration Claims   |   Comments Off on FINRA Bars Another SW Financial Stockbroker

Christopher Anthony Fernan of Melville New York a stockbroker formerly registered with Salomon Whitney Financial (SW Financial) has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that he neglected to testify for FINRA during the period that he was under investigation for a customer complaint. […]

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SEC Bars ONESCO Stockbroker For Personal Use Of Customer Funds

November 04, 2020  |   Posted by :   |   Customer Loans, Securities Arbitration Claims   |   Comments Off on SEC Bars ONESCO Stockbroker For Personal Use Of Customer Funds

Lawrence E. Hagedorn of Andover Kansas a stockbroker formerly registered with ON Equity Sales Company (ONESCO) has been barred by Securities and Exchange Commission (SEC) from being a stockbroker or investment adviser representative based on findings of Hagedorn pleading guilty to state securities laws violations. In the Matter of Lawrence E. Hagedorn Administrative Proceeding File […]

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Capital Investment Group Stockbroker Sanctioned For Borrowing From Elderly

September 30, 2020  |   Posted by :   |   Customer Loans, Elder Financial Abuse   |   Comments Off on Capital Investment Group Stockbroker Sanctioned For Borrowing From Elderly

Ferrell Lee Rollins Jr of Rocky Mount North Carolina a stockbroker formerly employed by Capital Investment Group Inc. has been fined $5,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Rollins borrowed funds from an elderly Capital Investment Group customer. Letter […]

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Garden State Stockbroker Barred In Elder Abuse Investigation

August 27, 2020  |   Posted by :   |   Boilerroom Sales, Customer Loans, Elder Financial Abuse   |   Comments Off on Garden State Stockbroker Barred In Elder Abuse Investigation

Ronald G. Richer of New York New York a stockbroker formerly employed by Garden State Securities is named in a FINRA Department of Enforcement Complaint alleging that Richer had borrowed funds from a customer of the securities broker dealer without its authorization and he then tried to conceal his activities from both Garden State Securities […]

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Merrill Lynch Stockbroker Sanctioned For Unauthorized Activities

August 27, 2020  |   Posted by :   |   Customer Loans, Selling Away and Outside Activities   |   Comments Off on Merrill Lynch Stockbroker Sanctioned For Unauthorized Activities

Omar Waleed Hammad-Randolph of Boca Raton Florida a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated has been fined $10,000.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Hammad-Randolph borrowed from a customer of the securities broker dealer without […]

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NYLife Accused By Investors Of Forging Checks

August 27, 2020  |   Posted by :   |   Customer Loans, Forgery, Misappropriation of Funds, Stockbroker Theft   |   Comments Off on NYLife Accused By Investors Of Forging Checks

Ronald James Knight (also known as Ramone Knight) of Timonium Maryland a stockbroker formerly registered with NYLife Securities is referenced in a customer initiated investment related written complaint which was resolved for $128,351.26 on April 10, 2018 based upon allegations of the stockbroker having failed to repay a NYLife Securities LLC customer after borrowing funds […]

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Fortune Financial Stockbroker Barred For Loan From Elderly Customer

July 20, 2020  |   Posted by :   |   Customer Loans, Elder Financial Abuse   |   Comments Off on Fortune Financial Stockbroker Barred For Loan From Elderly Customer

Jean Connell Hicks of Saint Petersburg Florida a stockbroker formerly registered with Fortune Financial Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Hicks neglected to furnish documentation and information to FINRA personnel when she was under investigation for borrowing from a customer […]

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Edward Jones Stockbroker Barred In Loan Investigation

July 11, 2020  |   Posted by :   |   Customer Loans   |   Comments Off on Edward Jones Stockbroker Barred In Loan Investigation

Anthony Glenn Hall of Dayton Texas a stockbroker formerly employed by Edward Jones has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he failed to comply with the regulator’s investigation into accusations of complaints relating to customer loans. Letter of Acceptance Waiver and Consent […]

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