Customer Loans

Archive | Customer Loans

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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FINRA Sanctions UBS Stockbroker For Borrowing Money From Customers

October 08, 2020  |   Posted by :   |   Customer Loans, Securities Arbitration Claims   |   Comments Off on FINRA Sanctions UBS Stockbroker For Borrowing Money From Customers

Jay Howard Bluestine of New York New York a stockbroker formerly registered with UBS Financial Services Inc. and Raymond James Financial Services Inc. has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Bluestine entered into unapproved customer loan arrangements during the […]

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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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Raymond James Stockbroker Sanctioned For Customer Loans

June 24, 2020  |   Posted by :   |   Customer Loans   |   Comments Off on Raymond James Stockbroker Sanctioned For Customer Loans

William Forrest Winchester III (also known as Bill Woods) a stockbroker formerly associated with Raymond James Financial Services has been referenced in a Tennessee Securities Division Consent Order in which Winchester was fined $45,000.00 and subject to heightened supervision requirements supported by findings that Winchester engaged in unethical and dishonest practices by obtaining loans from […]

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FINRA Sanctions LPL Stockbroker For Obstructing Investigation

June 24, 2020  |   Posted by :   |   Customer Loans   |   Comments Off on FINRA Sanctions LPL Stockbroker For Obstructing Investigation

Scott Mason of Lakewood Colorado a stockbroker formerly employed by LPL Financial LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that Mason failed to cooperate with the regulator’s request for his information. Case No. 2018058924501 (Apr. 20, 2020). Mason will be automatically barred […]

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Garden State Securities Stockbroker Investigated For Borrowing Money

June 23, 2020  |   Posted by :   |   Customer Loans, Investment and Regulatory News   |   Comments Off on Garden State Securities Stockbroker Investigated For Borrowing Money

Ronald G. Richer of New York New York a stockbroker formerly employed by Garden State Securities Inc. has been identified in a Financial Industry Regulatory Authority (FINRA) investigation in which a preliminary determination was made for Department of Enforcement to pursue an enforcement action against Richer based on accusations that he provided false documentation to […]

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PFS Investments Stockbroker Barred For Lying About Customer Loan

May 12, 2020  |   Posted by :   |   Customer Loans   |   Comments Off on PFS Investments Stockbroker Barred For Lying About Customer Loan

Robert Renteria (also known as Roberto Herrera) of El Paso Texas a stockbroker formerly registered with PFS Investments Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Renteria lied to FINRA about borrowing from a customer of PFS Investments. Letter of Acceptance Waiver […]

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ON Equity Stockbroker Barred For Customer Loan

April 23, 2020  |   Posted by :   |   Customer Loans, Investment and Regulatory News   |   Comments Off on ON Equity Stockbroker Barred For Customer Loan

Lawrence E. Hagedorn of Andover Kansas a stockbroker registered with ON Equity Sales Company and ON Investment Management has been barred by the Office of the Kansas Securities Commissioner from working as a stockbroker or investment adviser representative and has been fined $50,000.00 and ordered to pay $102,500.00 in restitution based upon allegations that the […]

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Western International Terminates Stockbroker For Customer Borrowing

April 23, 2020  |   Posted by :   |   Customer Loans   |   Comments Off on Western International Terminates Stockbroker For Customer Borrowing

Stuart Myles Godin (also known as Stu Godin) of Los Angeles California a stockbroker employed by Western International Securities Inc. has been discharged on April 6, 2020 based upon allegations that Godin borrowed funds from a Western International Securities customer. Godin is the subject of seven customer initiated investment related disputes pertaining to allegations of […]

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FINRA Sanctions LPL Stockbroker Over Promissory Notes

April 08, 2020  |   Posted by :   |   Customer Loans   |   Comments Off on FINRA Sanctions LPL Stockbroker Over Promissory Notes

Mark Thomas Lamkin of Louisville Kentucky a stockbroker formerly registered with LPL Financial LLC has been fined $7,500.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he borrowed funds from a customer of LPL Financial without authorization and had […]

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FINRA Bonks Feltl Stockbroker For Customer Loan

Terrence Edward Bonk of Inver Grove Heights Minnesota a stockbroker formerly registered with Feltl Company has been fined $10,000.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that (1) Bonk borrowed money from a customer of Feltl Company without the securities broker […]

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CFD Stockbroker Barred For Ignoring FINRA In Customer Loan Investigation

Ziv Ohel (also known as Zir Ohel) of Long Grove Illinois a stockbroker formerly associated with CFD Investments Inc. has been barred by Financial Industry Regulatory Authority (FINRA) from associating with any FINRA member in any capacity supported by allegations that the stockbroker neglected to respond to FINRA’s request for information. FINRA Case No. 2016051838401 […]

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First Western Stockbroker Sanctioned For Customer Loan

Kerry Dean Wills of Manhattan Beach California a stockbroker currently associated with First Western Securities Inc. has been fined $10,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Wills borrowed from an elderly customer without authorization. Letter of Acceptance Waiver and […]

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FINRA Sanctions Santander Stockbroker For Customer Loan

Julian E. Munoz (also known as Julian Munoz Martinez) of Dorchester Massachusetts a stockbroker formerly registered with Santander Securities 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 based upon findings that the stockbroker entered into a loan arrangement with a […]

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Wells Fargo Stockbroker Sanctioned For Customer Loan

January 10, 2020  |   Posted by :   |   Customer Loans, Investment and Regulatory News   |   0 Comments

Glen Joseph Webster of Atlanta Georgia a stockbroker formerly registered with Wells Fargo Clearing Services LLC has been suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon Webster’s consent to findings that he engaged in a prohibited borrowing arrangement with a customer of Wells Fargo. […]

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Pruco Stockbroker Barred In Investigation

Joseph Viet Duy Phan of Irvine California a stockbroker formerly registered with Pruco Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Phan failed to comply with FINRA when he was investigated for (1) borrowing customers’ funds without authorization from […]

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Waddell Reed Stockbroker Sanctioned For Customer Loan

November 24, 2019  |   Posted by :   |   Customer Loans, Investment and Regulatory News   |   0 Comments

Cody Hawkins Fitzgerald (also known as Cody Doyle Hawkins) of Maitland Florida a stockbroker formerly registered with Waddell Reed has been fined $5,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he borrowed a customer’s funds in contravention of the policies […]

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FINRA Bars Lance Armstrong In Investigation

Lance Roman Armstrong of Columbia New Jersey 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 based upon consenting to findings that Armstrong neglected to comply with a FINRA investigation into allegations of his outside business activities and […]

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JP Morgan Discharges Stockbroker For Customer Loan

November 01, 2019  |   Posted by :   |   Customer Loans, Investment and Regulatory News   |   0 Comments

Hayato Tamura (also known as Yato Tamura) of Orange California a stockbroker registered with J.P. Morgan Securities LLC has been discharged by the securities broker dealer on March 29, 2019 based upon accusations that (1) Tamura facilitated or otherwise recommended an unapproved loan arrangement between a customer of J.P. Morgan Securities LLC and a third […]

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FINRA Sanctions J.P. Morgan Stockbroker For Customer Loan

October 14, 2019  |   Posted by :   |   Customer Loans, Investment and Regulatory News   |   0 Comments

Shirley Anne Weston (also known as Shirley Craft and as Shirley Schaeffer) of J.P. Morgan Securities LLC has been fined $7,500.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Weston impermissibly borrowed money from a customer while she was employed with […]

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