Christopher Mack Watkins of Farmington, Utah, the President of Watkins Financial Services Inc. (WFS), has been fined $15,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Watkins charged unfair commissions to customers. Letter of Acceptance, Waiver, and Consent, No. 2021069366201 (March 28, 2024). According…
James Brett Stuart of Castle Rock, Colorado, a stockbroker previously registered with Richfield Orion International Inc., was barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he failed to create and implement a supervisory system designed to comply with securities laws and FINRA rules; he failed to supervise stockbrokers’…
James Brett Stuart, of Castle Rock, Colorado, a stockbroker and securities principal registered with Richfield Orion International Inc., is the subject of an enforcement action initiated by the Financial Industry Regulatory Authority (FINRA) in which the regulator is seeking sanctions against Stuart based upon allegations that Stuart failed to supervise certain representatives to ensure suitability…
Troy Allen Orlando of New York, New York, a stockbroker registered with Spartan Capital Securities LLC, has been fined and suspended for 20 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Orlando engaged in excessive and unsuitable trading in customer accounts. Letter of Acceptance, Waiver, and Consent No….
John Kevin Egan of Glendora, California, a stockbroker registered with Western International Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $60,000.00 in damages based upon allegations that Egan engaged in violations of federal securities laws, made unsuitable recommendations, and made misrepresentations and omissions of…
David Wayne Karin, of Westlake Village, California, a stockbroker registered with Western International Securities Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $1,220,000.00 in damages based upon allegations that Karin made misrepresentations of material fact and made unsuitable recommendations in GWG Class L corporate…
Robert James Rumley III, of Atlanta, Georgia, a stockbroker formerly registered with Morgan Stanley is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages based upon allegations that Rumley did not manage the customer’s accounts in her best interests during the time that Rumley was…
Joseph Patrick Katzaroff, of Irvine, California, a stockbroker registered with UBS Financial Services Inc., is the subject of a customer initiated investment related complaint filed on June 1, 2023, in which the customer requested $1,000,000.00 in damages based upon allegations that Katzaroff made unsuitable recommendations. The complaint alleges that Katzaroff failed to consider the trustee’s…