Sanford Graham Simmons, also known as Sandy Simmons Jr. and Sanford Graham Simmons Jr., a stockbroker formerly associated with Patrick Capital Markets LLC has been permanently barred by Financial Industry Regulatory Authority (FINRA). On October 17, 2024, FINRA imposed the bar after Simmons refused to provide on-the-record testimony as part of an ongoing investigation initiated…
Kittiany Davis Barrios, a former stockbroker with PFS Investments Inc. in Cranbury, New Jersey, was barred by Financial Industry Regulatory Authority (FINRA) on October 17, 2024. The bar resulted from Davis Barrios’s refusal to provide documents, information, and on-the-record testimony during a FINRA investigation, violating FINRA Rules 8210 and 2010. Letter of Acceptance, Waiver, and…
Colton Wade Jacob, a former stockbroker based in Austin, Texas, was subject to a regulatory action by Financial Industry Regulatory Authority (FINRA) on October 21, 2024, for engaging in outside business activities without providing written notice to his member firms, Raymond James Financial Services Inc. and Steward Partners Investment Solutions LLC. This conduct violated FINRA…
Sherwin Edison Sargeant, also known as Sherwin Sargeant, a former stockbroker with Planmember Securities Corporation in Orlando, Florida, has been barred by Financial Industry Regulatory Authority (FINRA), effective November 5, 2024. Letter of Acceptance, Waiver, and Consent (AWC) No. 2023079285701. FINRA launched an investigation into Sargeant regarding undisclosed outside business activities, including potential involvement with…
Anida Venniro (also known as Enida Kerciku and Enida Venniro), of Farmington Hills, Michigan, a stockbroker formerly registered with LPL Financial LLC, has been fined $5,000.00 and suspended for one month from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Venniro engaged in an outside business activity without providing prior…
Sharif Azmi Sharif of Elmhurst, Illinois, a stockbroker previously registered with LPL Financial LLC, has been fined $5,000.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Sharif failed to adequately disclose his involvement with an outside company and participated in customers’ private investment in…
Thomas Reyes Jr., of La Vista, Nebraska, a stockbroker registered with Raymond James Financial Services Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Reyes refused to appear for testimony during an investigation into his potential outside business activities. Letter of Acceptance, Waiver, and Consent No….
Bryan Robert Noonan, of Scottsdale, Arizona, a stockbroker registered with Raymond James Financial Services Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Noonan refused to cooperate in a FINRA investigation into his potential private securities transactions. Letter of Acceptance, Waiver, and Consent No. 2024081517201 (June…
Azmi Patrick Sharif, of Elmhurst, Illinois, a stockbroker registered with LPL Financial LLC, has been fined $5,000.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Sharif took part in private securities transactions. Letter of Acceptance, Waiver, and Consent No. 2022076175702 (June 26, 2024). On…
Kurt Allen Berry, of Elizabethton, Tennessee, a stockbroker previously registered with Vanderbilt Securities LLC, has been fined $5,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Berry took part in private securities transactions while associated with Regula Financial Group LLC and Vanderbilt Securities LLC….
Nicole Lynn Bolton (also known as Nicole Lynn Pageler), of Boise, Idaho, a stockbroker registered with Northwestern Mutual Investment Services LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Bolton failed to comply with FINRA’s request during an investigation. Letter of Acceptance, Waiver, and Consent No….
Joseph Samuel Vanelli III, of Ambler, Pennsylvania, a stockbroker registered with Vanderbilt Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Vanelli failed to comply with a FINRA investigation into his potential outside business activities during the time that he was associated with Vanderbilt Securities….
Larry Joseph Michaels, of Orange, California, a stockbroker registered with Crown Capital Securities LP, has been fined $10,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Michaels engaged in discretionary or unauthorized trading, which must be in writing and approved by the member, and…
Brian Keith Jones of Pilot Grove, Iowa, a stockbroker registered with Cambridge Investment Research Inc., has been fined $5,000.00 and suspended for 45 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Jones was “selling away.” Letter of Acceptance, Waiver, and Consent, No. 2023078431201 (March 27, 2024). According to…
John Jude Butler of Ocala, Florida, a stockbroker previously registered with Pruco 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 because Butler engaged in outside business activities and failed to report related compensation from a Prudential customer. Letter of…
John Sebastion Cangialosi Jr., of New York, NY, a stockbroker registered with SW Financial, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Cangialosi failed to cooperate with an investigation into his potential outside business activities. Letter of Acceptance, Waiver, and Consent No. 2022075928701 (March 6, 2024)….
Reuben Lamont Brown, of Southlake, Texas, a stockbroker registered with Edward Jones, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Brown failed to testify in a FINRA investigation into allegations of his potential selling away or engaging in private securities transactions during the time that he…
Lori Fleischhacker Copeland, of Charlotte, North Carolina, a stockbroker registered with LPL Financial LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Copeland did not cooperate with a FINRA investigation into allegations of her alleged outside business activities. Letter of Acceptance, Waiver, and Consent No. No….
Grant Douglas Johnson of Boca Raton, Florida, a stockbroker registered with Noble Capital Markets Inc., has been fined $15,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Johnson participated in private securities transactions. Letter of Acceptance, Waiver, and Consent No. 2022076763001 (February 8, 2024)….
Hector Jesus Hernandez, of Shavano Park, Texas, a stockbroker registered with Money Concepts Capital Corp, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he failed to cooperate with FINRA’s investigation into his potential failure to disclose an “outside business activity” while associated with Money Concepts Capital…
Jeffrey Wayne Davidson of Austin, Texas, a stockbroker registered with Equitable Advisors LLC, has been fined $15,000.00 and suspended for 21 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Davidson engaged in private securities transactions or selling away. Letter of Acceptance, Waiver, and Consent No. 2022073948401 (February 16,…
Estevao Dias Semedo of Brockton, Massachusetts, a stockbroker registered with PFS Investments Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Semedo did not comply with an investigation into his potential outside business activities. Letter of Acceptance, Waiver, and Consent No. 2023078507801 (December 4, 2023). FINRA’s…
Daniel Abraham Santos a stockbroker formerly registered with PFS Investments Inc. in Lancaster, Pennsylvania, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Santos failed to respond to the regulator’s requests for information regarding his outside business activities. FINRA Case No. 20220739513011 (August 25, 2023). According to…
John Aloysius Dougherty of Blue Bell, Pennsylvania, a stockbroker registered with LPL Financial LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Dougherty failed to provide information and documents requested in connection with FINRA’s investigation into his potential private securities transactions and outside business activities. Letter…
Lucas R. Hales of Austin, Texas, a stockbroker registered with Virtu Americas LLC, has been fined $10,000.00 and suspended for 12 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Hales engaged in selling away or private securities transactions totaling $3,000,000.00 without notifying his firm. Letter of Acceptance, Waiver,…
Cladius Olaniran Tokunboh, of Lewisville, Texas, a stockbroker previously registered with TIAA-CREF Individual and Institutional Services LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Tokunboh failed to provide testimony when the regulator investigated his potential outside business activities. Letter of Acceptance, Waiver, and Consent No….
Alexandria Bovee (also known as Alexandria Montgomery), of Sumter, South Carolina, a stockbroker formerly registered with Edward Jones, has been barred by Financial Industry Regulatory Authority (FINRA) from associating with any FINRA member in any capacity because Bovee refused to testify in an investigation into whether she violated federal securities laws or FINRA rules in…
Eric Vance Kubiak of Cheektowaga, New York, a stockbroker previously registered with Ameriprise Financial Services LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Kubiak refused to provide information and documents in an investigation concerning his potential outside business activities. Letter of Acceptance, Waiver, and Consent…
Jonathan Arthur Mayer (also known as Jonathan Mayer), of Westport, Connecticut, a stockbroker formerly registered with Crito Capital LLC, has been fined $5,000.00 and suspended for three months by Financial Industry Regulatory Authority (FINRA) because Mayer engaged in undisclosed outside business activities. Letter of Acceptance, Waiver, and Consent No. 2020068717401 (January 5, 2024). According to…
Lincoln Lucas Mason, of Arnolds Park, Iowa, a stockbroker formerly registered with Edward Jones, has been fined $5,000.00 and suspended for 90 days by Financial Industry Regulatory Authority (FINRA) from associating with any FINRA member in any capacity because Mason engaged in an undisclosed outside business activity and thereafter supposedly made false statements regarding it….
Louis Peter Goff, of Salt Lake City, Utah, a stockbroker formerly registered with Wells Fargo Clearing Services LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he refused to cooperate in the regulator’s investigation into allegations of potential fraud. Letter of Acceptance, Waiver, and Consent No….
Mitchell S. Morrison (also known as Mitch Morrison), of Newport Beach, California, a stockbroker formerly registered with WestPark Capital Inc., has been fined $5,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Morrison engaged in private securities transactions or “selling away.” Letter of Acceptance,…
Rajen Duggal, of San Francisco, California, a stockbroker registered with Paulson Investment Company LLC, has been fined $5,000.00 and suspended for 30 days from associating with any Financial Industry Regulatory Authority (FINRA) member because Duggal engaged in an undisclosed outside business activity. Letter of Acceptance, Waiver, and Consent No. 2023078112801 (January 17, 2024). FINRA’s regulatory…
Sara Yasmin Qazi of Beverly Hills, California, a stockbroker registered with Raymond James Associates Inc., has been fined $15,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Qazi engaged in private securities transactions or “selling away” and violated communication standards with the public. Letter…
Todd Michael Lesk of Coral Springs, Florida, a stockbroker previously registered with Cambridge Investment Research Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Lesk refused to cooperate with a FINRA investigation concerning his potential outside business activities. Letter of Acceptance, Waiver, and Consent No. 2023079873001…
Ruben Javier Frezzotti also known as R. Frezzotti, of Coral Gables, Florida, a stockbroker registered with Raymond James Associates Inc., was discharged by the securities broker dealer on September 21, 2023, for failing to comply with policies of the securities broker dealer concerning “outside business activities.” Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that…
Scott Michael Bremus, of Dacula, Georgia, a stockbroker formerly registered with LPL Financial LLC, has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Bremus engaged in private securities transactions. Letter of Acceptance, Waiver, and Consent No. 2021073072701 (October 6, 2023). According to the AWC,…
Gianluca De Berardinis, also known as Gianluca Deberardinis, of New York, New York, a stockbroker previously registered with Morgan Stanley, was the subject of a customer initiated investment related complaint filed on August 18, 2023. In this complaint, the customer requested $200,000.00 in damages based upon allegations that De Berardinis engaged in selling away or…
Jason Kimber, of Logan, Utah, a stockbroker associated with J.W. Cole Financial Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $15,000,000.00 in damages. The allegations center around Kimber’s involvement in alleged fraudulent activities that were conducted away from J.W. Cole…
Justin Thomas Maher, of New Haven, Connecticut, a stockbroker registered with Northwestern Mutual Investment Services LLC, has been fined $10,000.00 and suspended for twelve months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Maher engaged in undisclosed outside business activities related to crypto assets, and participated in private securities…
Mario Divita of Flushing, New York, a stockbroker associated with Traderfield Securities Inc., has been fined $75,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity because Divita failed to adequately supervise registered representatives’ proposed outside business activities. Letter of Acceptance, Waiver, and Consent No….
Leslie Don Jackson (also known as Les Jackson), of Dallas, Texas, a stockbroker associated with Momentum Independent Network Inc., has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Jackson engaged in unapproved private securities transactions during the time that he was associated with Momentum Independent Network…
Scott Dale Syde (also known as Scott Dale Syde), of Bloomington, Minnesota, a stockbroker registered with Independent Financial Group LLC, was the subject of a customer initiated investment related civil action that was settled for $150,000.00 in damages based upon allegations that Syde, now deceased, managed a private investment account for the customer during the…
Jeffrey David Stanga of Mission Viejo, California, a stockbroker registered with FMN Capital Corporation, has been fined $10,000.00 and suspended for 12 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Stanga engaged in private securities transactions and engaged in an undisclosed outside business activity. Letter of Acceptance, Waiver,…
Darien Euclid Bonney of Scottsdale, Arizona, a stockbroker registered with MML Investors Services LLC, is the subject of a customer initiated investment related civil action in which the customer requested compensation based upon allegations that Bonney made misrepresentations of material fact and made unsuitable recommendations of promissory notes in Spyglass during the time that Bonney was…
Gregory Edward Collins (also known as Greg Collins), of East Greenbush, New York, a stockbroker registered with LPL Financial LLC, has been fined $12,500.00 and suspended for six months by FINRA because Collins engaged in private securities transactions and outside business activities during the time that he was associated with LPL Financial. Letter of Acceptance,…
Jeremiah Roman of Coral Springs, Florida, a stockbroker registered with PFS Investments Inc., has been fined $5,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Roman engaged in private securities transactions or selling away during the time that he was associated with PFS Investments…
Lynn Witherspoon Bryant (also known as Deborah Lynn Bryant), of Hurst, Texas, a stockbroker registered with LPL Financial LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Bryant failed to testify during the time that FINRA investigated the stockbroker for possible violations of FINRA rules during…
David Richard Geake, of Northbrook, Illinois, a stockbroker registered with Ausdal Financial Partners Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Geake engaged in private securities transactions. Letter of Acceptance, Waiver, and Consent No. 2021072679901 (July 10, 2023). In September 2018, Ausdal Financial Partners disclosed…
Brad Michael Jacobson of Linwood, New Jersey, a stockbroker registered with Wells Fargo Clearing Services LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Jacobson failed to provide information and documents to FINRA during the time that it investigated possible violations of FINRA rules. Letter of…
Darien Euclid Bonney of Scottsdale, Arizona, a stockbroker registered with MML Investors Services LLC, was the subject of a customer initiated investment related civil action in which the customer requested compensation based upon allegations that Bonney made misrepresentations of material fact and made unsuitable recommendations of private securities, including Spyglass and MERCO during the time that…
Helen Grace Caldwell of Chicago, Illinois, a stockbroker formerly registered with Wells Fargo Clearing Services LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that she failed to cooperate with FINRA’s investigation into her potential outside business activities. Letter of Acceptance, Waiver,…
Jason Kemble Adams of Atlanta, Georgia, a stockbroker registered with JP Morgan 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 because Adams engaged in an undisclosed outside business activity. Letter of Acceptance, Waiver, and Consent No. 2023078823301 (June 20,…
Maurice Lawrence Naylon III of Buffalo, New York, a stockbroker registered with Lincoln Financial Advisors Corporation, has been fined $5,000.00 and suspended for 45 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Naylon engaged in an undisclosed outside business activity. Letter of Acceptance, Waiver, and Consent No. 2021071098801…
Rogerio T. Almeida (also known as Rogerio De Almeida Filho), of Orange City, Florida, a stockbroker registered with Edward Jones, has been fined $5,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Almeida engaged in an undisclosed outside business activity. Letter of Acceptance, Waiver,…
Sevag Raffi Haddadian, of Brea, California, a stockbroker registered with Wells Fargo Clearing Services LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Haddadian failed to respond to FINRA’s request for information. Letter No. 2022073907601 (January 23, 2023). FINRA’s bar followed its Suspension Notice and Suspension…
Surage Kamal Roshan Perera, of Melville, New York, a stockbroker registered with Aegis Capital Corp. is the subject of an enforcement action initiated by the United States Securities & Exchange Commission in which the regulator is seeking sanctions against Perera based upon allegations that Perera committed fraud and misappropriated funds. SEC v. Surage Kamal Roshan…
William Walter Leboeuf (also known as Bill Le Boeuf), of Beavercreek, Ohio, a stockbroker registered with Cetera Adviser Networks LLC, has been suspended by the state of Ohio because Leboeuf engaged in an undisclosed outside business activity and engaged in private securities transactions. Order No. 22-007 (May 18, 2022). This is not the first time…
Joseph Michael Todd of Panama City, Florida, formerly associated with Centaurus Financial, Inc., partially settled charges that through Todd Financial Services, defrauded at least twenty of his brokerage customers of at least $3 million, most of whom were senior citizens, retirees, or individuals with disabilities. Securities and Exchange Commission v. Joseph Michael Todd, et al.,…
Andrew Benjamin Edenbaum, of Aventura, Florida, a stockbroker formerly registered with Oppenheimer & Co., has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Edenbaum failed to comply with an arbitration award obtained against by Oppenheimer & Co. FINRA Arbitration No. 20-00055 (June 21, 2022). However, only two…
Azmi P. Sharif of Elmhurst, Illinois, a stockbroker registered with LPL Financial LLC, has been discharged by the securities broker dealer on December 20, 2022, based upon allegations that Sharif engaged in an undisclosed outside business activity. The securities broker dealer stated that Sharif inadequately disclosed his business activities and had taken part in undisclosed…
Wray Rodgers of Memphis, Tennessee, a stockbroker registered with Vining Sparks IBG LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Rodgers failed to testify when FINRA investigated the stockbroker for possible violations of FINRA rules. Letter of Acceptance, Waiver, and Consent No. 2023078315401 (June 7,…
Jeffrey Max Cohen of Henderson, Nevada, a stockbroker registered with Moloney Securities Co. Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Cohen failed to provide information and documents to FINRA when it investigated possible violations of FINRA rules. Letter of Acceptance, Waiver, and Consent No….
Sean Pong (also known as Syany Pong), of Los Alamitos, California, a stockbroker registered with US Bancorp Investments Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Pong failed to testify when FINRA investigated the stockbroker for possible violations of FINRA rules. Letter of Acceptance, Waiver,…
Park Avenue Securities, a securities broker dealer headquartered in New York, New York, has been censured and fined $30,000.00 because it failed to supervise a representative who engaged in outside business activities and private securities transactions. Letter of Acceptance, Waiver, and Consent No. 2020066651002 (May 31, 2023). According to the AWC, between December of 2014…
Christopher John Carpenter (also known as Chris Carpenter), of Charlotte, North Carolina, a stockbroker registered with LPL Financial LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Carpenter failed to provide information and documents to FINRA when it investigated possible violations of FINRA rules. Letter of…
Kevin Cory of New York, New York, a stockbroker registered with RF Lafferty Co. Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Cory made misrepresentations and omissions of material fact. Letter of Acceptance, Waiver, and Consent No. 2022073802901 (May 26, 2023). According to the AWC,…
Delio Eduardo Londono (also known as Del Londono), of La Crescenta, California, a stockbroker registered with Sagepoint Financial Inc., was the subject of a customer initiated investment related complaint filed on December 14, 2021, in which the customer requested $300,000.00 in damages based upon allegations that Londono engaged in unauthorized trading, made misrepresentations of material…
Marcus Kovac Moon, of Miramar, Florida, a stockbroker registered with NYLife Securities LLC, has been charged by Securities and Exchange Commission (SEC) in a Complaint alleging that Moon made improper recommendations and engaged in securities business without the proper registration. SEC v. Marcus K. Moon, Complaint No. 0:23-cv-60715 (April 17, 2023). The Complaint filed by…
Clinton F. Byrd, of Tallahassee, Florida, a stockbroker registered with Cantella Co. Inc., has been discharged by the securities broker dealer on May 28, 2021, based upon allegations that Byrd failed to disclose certain outside business activities. On January 9, 2023, Byrd was suspended by FINRA for the undisclosed sale of promissory notes. Department of…
Kevin Andrew Hobbs of Lake Worth, Florida, a stockbroker registered with PFS Investments Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Hobbs provided inaccurate information to FINRA during the time that it investigated possible violations of FINRA rules. Letter of Acceptance, Waiver, and Consent No….
Samuel Nicholas Heavrin of Denver, Colorado, a stockbroker registered with J.P. Morgan Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Heavrin failed to respond to FINRA’s request for information in connection with its investigation of whether he engaged in unapproved outside business activities. Case…
Desiderio Eloy Torrez, of San Diego, California, a stockbroker registered with PFS Investments Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Torrez failed to provide information and documents to FINRA when it investigated possible violations of FINRA rules. Letter of Acceptance, Waiver, and Consent No….
Archie Abel Blood Jr. (also known as Bud Blood), of Holland, Michigan, a stockbroker registered with Cambridge Investment Research Inc., has been fined $5,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Blood engaged in private securities transactions. Letter of Acceptance, Waiver, and Consent…
Jason Edward Seurer of Maple Plain, Minnesota, a stockbroker registered with Landolt Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $100,000.00 in damages based upon allegations that Seurer made unsuitable investment recommendations of GWG L-bonds when Seurer was associated with Landolt Securities Inc. Financial…
Hugh Ordway Barndollar III (also known as Hobby Barndollar), of Land O’ Lakes, Florida, a stockbroker registered with Crown Capital Securities L.P., has been fined $10,000.0 and suspended for two years from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Barndollar engaged in private securities transactions or selling away. Letter…
Sean Daniel McDevitt of Chappaqua, New York, a stockbroker registered with Campfire Capital, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $500,000.00 in damages based upon allegations that McDevitt solicited an outside investment arrangement in which funds were potentially misappropriated. Financial Industry Regulatory Authority (FINRA)…
Scott Wayne Reed of Scottsdale, AZ, a stockbroker registered with Wells Fargo Clearing Services LLC, has been fined $50,000.00 and barred as a stockbroker by the state of Arizona because Reed failed to make regulatory disclosures and he engaged in private securities transactions. Letter of Acceptance, Waiver, and Consent No. S-21132A-20-0370 (March 24, 2022). Reed…
Daniel Pita of Southwest Ranches, FL, a stockbroker registered with NYLife Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member because Pita failed to provide information and documents to FINRA when it investigated possible violations of FINRA rules. Department of Enforcement v. Daniel Pita, Default Decision, Disciplinary Proceeding No….
Gary Lyle Pevey of Sacramento, CA, a stockbroker registered with Mutual Securities Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $26,206.00 in damages based upon allegations that Pevey committed fraud in connection with the sale of real estate securities during the time that Pevey was…
Fredrick Martin Randhahn (also known as Fred Randhahn and Frederick Martin Randhahn), of Ogden, Utah, a stockbroker registered with Sigma Financial Corporation, has been barred as a stockbroker by Utah Division of Securities based upon allegations that Randhahn violated state securities laws. In the Matter of Fred M. Randhahn, Notice of Agency Action, Docket No….
Joel Darren Plasco of New York, New York, a stockbroker registered with Dalmore Group LLC, has been fined $10,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Plasco engaged in private securities transactions or selling away. Letter of Acceptance, Waiver, and Consent No. 2020068211001…
Keith Todd Ashley of Ann Arbor, Michigan, a stockbroker registered with Parkland Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Ashley failed to provide information and documents to FINRA during the time that it investigated possible violations of FINRA rules. Department of Enforcement v….
Hans Patrick Kulicke Eveillard of Sarasota, Florida, a stockbroker registered with Alight Financial Solutions LLC and Northwestern Mutual Investment Services, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Eveillard failed to testify during the time that FINRA investigated the stockbroker for possible violations of FINRA rules….
Brent Jason Greninger, of Weston, Florida, a stockbroker registered with Raymond James Associates Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $150,000.00 in compensatory damages based upon allegations that Greninger made unsuitable recommendations of “private investments” when Greninger was associated with…
Troy Robert Baily of Omaha, Nebraska, a stockbroker formerly registered with Sagepoint Financial Inc., was the subject of a customer initiated investment related complaint that was settled on March 3, 2021 for $80,000.00 in damages based upon allegations that Baily engaged in fraud in connection with the recommendation and sale of Future Income Payments LLC…
Bradley Allen Goodbred of Roselle, Illinois, a stockbroker formerly registered with LPL Financial LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $1,225,000.00 in damages based upon allegations that Goodbred caused her to execute a document appointing representative as her power of…
Cynthia Komarek (also known as Cynthia Ann Brown), of Barrington, Illinois, a stockbroker registered with Sagepoint Financial Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Komarek failed to provide information and documents to FINRA when it investigated Komarek’s referral of customers to an unapproved investment…
Nickolay V. Kukekov of New York, New York, a stockbroker registered with Paulson Investment Company LLC has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity for thirty days based upon allegations that Kukekov engaged in an undisclosed outside business activity. FINRA Enforcement (AWC) No. 2021071205501…
Suresh V. Kumar of New York, New York, a stockbroker registered with T3 Trading Group LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Kumar engaged in private securities transactions. FINRA Enforcement (AWC) Case No. 2020066434701 (May 23, 2022). According to the Order, during the time…
Robert A. Lax of Paramus, New Jersey, a stockbroker registered with Park Avenue Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Lax failed to provide information and documents to FINRA in connection with the investigation of Lax’s outside business activities. FINRA Enforcement (AWC) No….
Benjamin Benoit Lowder Jr. (also known as Ben Lowder), of Charlotte, North Carolina, a stockbroker registered with MSI Financial Services Inc., is the subject of a customer initiated investment related civil action that was settled for $200,000.00 in damages based upon allegations that Lowder engaged in selling away and fraud in connection with the sale…
Louis Maurice Olave of Burlington, Vermont, a stockbroker registered with Questar Capital Corporation has been fined $5,000.00 and suspended for three months by Vermont Department of Financial Regulation based upon allegations that Olave engaged in private securities transactions or “selling away.” Case No. 21-007-S (Apr. 30, 2021). This is not the first time that Olave has been…
Nathan Marek Plumb of Madison, Wisconsin, a stockbroker registered with Lincoln Financial Advisors Corporation has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity for four months based upon allegations that Plumb engaged in an undisclosed outside business activity. Case No. 2020068210301 (Sept. 30, 2022). According…
Chris S. Stocks of Paradise Valley, Arizona, a stockbroker registered with Morgan Stanley DW Inc., has been discharged as a stockbroker on November 11, 2021, based upon allegations that Stocks engaged in outside activities pertaining to a hotel investment involving customers of the securities broker dealer. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that…
Daniel Pita of Southwest Ranches, Florida, a stockbroker formerly registered with NYLife Securities LLC, is the subject of an enforcement action initiated by Financial Industry Regulatory Authority (FINRA) in which the regulator is seeking sanctions against Pita based upon allegations that Pita failed to cooperate in a FINRA investigation. FINRA Case No. 2021071965401 (Aug. 18,…
Scott S. Niekamp of Chesterfield, Missouri, a stockbroker currently registered with Northwestern Mutual Investment Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $5,000,000.00 in damages based upon allegations that Niekamp misled the customer, made false representations, failed to disclose important information about investments,…
Dominic John Scalzi of New York, New York, a stockbroker formerly registered with Deutsche Bank Securities, has been barred by Financial Industry Regulatory Authority (FINRA) from associating with any FINRA member in any capacity based upon allegations that he failed to cooperate with FINRA’s request for information about his outside business activities. FINRA Case No….
David Martin Martirosian of New York, New York, a stockbroker formerly registered with Joseph Stone Capital LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Martirosian failed to cooperate with FINRA in an investigation relating to excessive and unsuitable trading and selling away while registered with…
Michael G. Ferrera of Beverly Hills, California, a stockbroker formerly registered with SagePoint Financial Inc., has been fined $15,000.00 and suspended for two years from associating with any FINRA member in any capacity based upon allegations that Ferrera engaged in an outside business activity. Letter of Acceptance Waiver and Consent No. 2019063639201 (Sept. 1, 2022)….
Corrie Ann Mitchell (also known as Corrie Ann Box) of San Antonio, Texas, a stockbroker formerly registered with Cambridge Investment Research, has been barred from associating with any FINRA member in any capacity based upon allegations that Mitchell failed to cooperate in a FINRA investigation. Letter of Acceptance Waiver and Consent No. 2022075235602 (Aug. 17,…
Nicholas Richard Palumbo (also known as Nick Palumbo) of Armonk, New York, a stockbroker formerly registered with Park Avenue Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he failed to cooperate with FINRA’s investigation into his alleged selling away activities. Letter of Acceptance Waiver…
Daniel T. Minich of Bradford, Pennsylvania, a stockbroker formerly registered with Ameriprise Financial Services LLC, has been fined $5,000.00 and suspended for four months from associating with any FINRA member in any capacity based upon allegations that Minich engaged in private securities transactions or “selling away.” Order Accepting Offer of Settlement No. 2020066999801 (June 6,…
Annetta Marie Box (also known as Annetta Marie Taylor) of Dallas, Texas, a stockbroker formerly registered with Cambridge Investment Research Inc. has been barred from associating with any FINRA member in any capacity based upon allegations that Box failed to cooperate in a FINRA investigation. Letter of Acceptance Waiver and Consent No. 2022075235601 (Aug. 11,…
Francis Joseph Velten Jr. of New Port Richey, Florida, a stockbroker formerly registered with Ameriprise Financial Services LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he failed to cooperate in a FINRA investigation. Case No. 2020066032801 (July 19, 2022). According to the Default Decision, Velten…
Richard Aloysius Hogan of San Francisco, California, a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated, has been fines and suspended by FINRA for the unapproved sale or referral of a customer to a hedge fund. Letter of Acceptance Waiver and Consent No. 2019064715701. According to the AWC, from October 2017 to August…
Gregory Scott Hanshew (also known as Greg Scott Hanshew) of Littleton, Colorado, a stockbroker formerly registered with Infinity Financial Services, has been barred from associating with any FINRA member in any capacity based upon allegations that Hanshew failed to cooperate with a FINRA investigation. Default Decision No. 2021071060902 (Aug. 22, 2022). According to the Default…
Bryon Edwin Martinsen of Kings Park, New York, a stockbroker currently registered with Centaurus Financial Inc., has been fined $10,000 and suspended for 15 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because of Martinsen’s private securities transactions during the time that he was associated with Centaurus Finacnial Inc….
Michael Burton Ohlemacher of Maumee, Ohio, a stockbroker formerly registered with WS Brokerage Services Inc., has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Ohlemacher engaged in outside business activities during the time that he was associated with WS Brokerage Services….
Gerald Roger Dewes of East Amherst, New York, a stockbroker formerly registered with Cadaret Grant Co. Inc., was referenced in a customer initiated investment related complaint which was settled for $58,000.00 in damages on September 3, 2021, based upon allegations that Dewes breached a fiduciary duty and defrauded the customer in connection with Dewes’ recommendations…
Timothy Charles Williams of Tucson, Arizona, a stockbroker formerly registered with Edward Jones, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity for allegedly failing to comply with a FINRA inquiry. Case No. 2020067985001 (November 15, 2021). According to FINRA Public Disclosure, FINRA sought information from Williams in…
Daniel L. Bicket (also known as Dan Bicket) of Reinbeck, Iowa, a stockbroker formerly registered with Northwestern Mutual Investment Services, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he refused to cooperate with FINRA investigators regarding his indexed annuity sales and outside business activities. Letter of…
Patrick Reid Murray of Sandusky, Ohio, a stockbroker formerly registered with UBS Financial Services, has been fined $5,000.00 and suspended for one month from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he engaged in outside business activities while registered with UBS Financial Services. Letter of Acceptance, Waiver, and Consent…
Jeremy W. Fortner of Beverly Hills, California, a stockbroker formerly registered with Wells Fargo Advisors LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because Fortner failed to respond to FINRA’s request for information. Case No. 2021072176101 (March 3, 2022). FINRA Public Disclosure shows that on December…
Brian F. Donnelly of Iselin, New Jersey, a stockbroker formerly registered with First Allied Securities Inc., has been suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Donnelly engaged in private securities transactions when he was associated with First Allied Securities. Letter of…
John Albert Westbrook of McDonough, Georgia, a stockbroker formerly registered with Center Street Securities, is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $80,000.00 in damages based upon accusations of negligence and unsuitable transactions relating to Future Income Payments LLC while Westbrook was associated with Center Street Securities….
Sanjay Bhargava of Independence, Ohio, a stockbroker formerly registered with Securities America Inc., 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 Bhargava took part in private securities transactions during the time that he was employed by Securities…
Bennett Robert Zamani of Paramus, New Jersey, a stockbroker formerly registered with Morgan Stanley, has been fined $27,500.00 and suspended for 14 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Zamani engaged in outside business activities and had provided prospective investors with unbalanced and unfair…
Brian Radoo of North Woodmere, New York, a stockbroker formerly registered with Next Financial Group Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $76,000.00 in damages based upon accusations that the customer was provided bad advice by Radoo regarding purchases of non-traded real estate investment…
Jesus Jose Alvidrez of Brea, California, a stockbroker formerly registered with Transamerica Financial Advisors Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Alvidrez failed to comply with a FINRA investigation concerning alleged outside business activities while registered with Transamerica Financial Advisors. Letter…
Edgar A. Kleydman of Brooklyn, New York, a stockbroker formerly registered with Equitable Advisors LLC (formerly known as AXA), is named in a customer initiated investment related FINRA securities arbitration claim where the customer received an award of $10,325.32 in damages supported by findings of Kleydman’s sales practice violations. The Statement of Claim alleges negligence,…
Edric Michael McSween of Naples, Florida, a stockbroker formerly registered with Ameriprise Financial Services, LLC, 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 while under investigation for potentially engaging in unauthorized outside business activities and unauthorized…
Daniel Todd Levine of Greenwood Village, Colorado, a stockbroker formerly registered with Morgan Stanley, is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $8,500.00 in damages based upon allegations of unsuitable trading and private securities transactions by Levine while he was employed by Morgan Stanley. Financial Industry…
Bruce Cameron Amman of Golden, Colorado, a stockbroker formerly registered with LPL Financial LLC, 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 Amman engaged in private securities transactions during the time that he was employed by LPL Financial. Letter of…
Doan Cong Nguyen of Vancouver, British Columbia, a stockbroker formerly registered with Raymond James (USA) Ltd., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he did not comply with FINRA while under investigation for an undisclosed outside business activity while registered with Raymond…
Jonathan Adam Stuffer (also known as Jon Stuffer) of Staten Island, New York, a stockbroker formerly registered with JP Morgan Securities LLC, 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 FINRA during the time that it investigated his…
George Louis McCaffrey of Englewood, Colorado, a stockbroker formerly registered with NTB Financial Corporation (formerly known as Neidiger Tucker Bruner Inc.), is referenced in a customer initiated investment related civil action on September 16, 2021, in which the customer sought $1,702,000.00 in damages based upon accusations of false representations by McCaffrey concerning a promissory note…
Jonathan Michael Turner of Hershey, Pennsylvania, a stockbroker formerly registered with Ameriprise Financial Services, has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings of Turner’s participation in private securities transactions when he was registered with Ameriprise Financial Services. Letter of Acceptance, Waiver,…
Stephen Spencer Gladstone of New York, New York, a stockbroker formerly registered with Liberty Associates Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity, supported by findings that Gladstone failed to cooperate with FINRA when he was under investigation for a private securities transaction. Letter of Acceptance,…
David Robert McDonnell (also known as Dave McDonnell) of Laguna Beach, California, a stockbroker formerly registered with TCFG Wealth Management LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he failed to comply with FINRA’s investigation centered on allegations of McDonnell’s potential private…
Michael Joseph Giannetti of McKinney, Texas, a stockbroker formerly registered with MML Investors Services LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he did not comply with the request FINRA made during its investigation into his potential outside business activities while registered…
Scott Wayne Reed of Scottsdale, Arizona, a stockbroker formerly registered with First Financial Equity Corporation, is referenced in a customer initiated investment related written complaint on September 15, 2021, where the customer sought compensatory damages based upon accusations of the customer being recommended unapproved outside investments by Reed when he was associated with Wells Fargo…
Bentley Edward Blackmon of Little Rock, Arkansas, a stockbroker formerly registered with securities broker dealer, Stephens, 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 Blackmon engaged in private securities transactions while he was associated with Stephens. Letter…
Donovan Thomas Kelly of Billings, Montana, a stockbroker currently registered with Independent Financial Group, has been fined $10,000.00 and suspended for seven months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Kelly engaged in private securities transactions when he was registered with Independent Financial Group. Letter…
Paul Ronald Koch of Wayzata, Minnesota, a stockbroker formerly registered with RBC Capital Markets LLC, 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 while he was under investigation for allegedly making unsuitable investment recommendations and diverting funds…
Andrew Benjamin Edenbaum of Aventura Florida, a stockbroker formerly registered with National Securities Corporation, has been fined $10,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Edenbaum participated in private securities transactions while he was registered with National Securities Corporation. Letter…
Michael Walter Mandel of Upper Saddle River, New Jersey, a stockbroker formerly registered with LPL Financial LLC, has been fined $5,000.00 and suspended for seven months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he engaged in private securities transactions while he was associated with Royal…
Carl Wade Thomason, of Overland Park, Kansas, a stockbroker formerly registered with OFG Financial Services Inc., 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 a FINRA investigation concerning accusations of his outside business activities. Letter of Acceptance, Waiver,…
Robert Jonathan Spencer, of Cheektowaga, New York, a stockbroker formerly registered with Cetera Advisor Networks LLC, 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 a FINRA investigation regarding allegations of his private securities transactions when he was employed…
Tarek Mohsen Mohamed, of Clearwater, Florida, a stockbroker formerly registered with Bankers Life Securities, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on FINRA Office of Hearing Officers’ Order Accepting Offer of Settlement containing findings that Mohamed failed to cooperate in a FINRA investigation relating to…
Michael Murray Knittel (also known as Michael M. Lopez-Knittel), of El Dorado Hills, California, a stockbroker formerly registered with Fortune Financial Services Inc., has been fined $10,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings of Knittel’s selling away or engaing in…
Francis Cid (also known as Frank Cid), of Little Neck, New York, a stockbroker formerly registered with CBC Securities Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he failed to cooperate with FINRA’s investigation into accusations of Cid’s private securities transactions when…
Steven Douglas Schisler, of Grass Valley, California, a stockbroker formerly registered with IFS Securities, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Order Accepting Offer of Settlement. Disciplinary Proceeding No. 2018058718601 (January 31, 2022). FINRA found that Schisler engaged in nine separate sales practice…
Nicholas Richard Palumbo (also known as Nick Palumbo), of Armonk, New York, a stockbroker formerly registered with Park Avenue Securities LLC, is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $220,000.00 in damages supported by accusations of omissions and misrepresentations by Palumbo relating to a variable annuity that…
Christopher T. Joseph, of Toledo, Ohio, a stockbroker formerly registered with Royal Alliance Associates 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 founded on findings that he engaged in private securities transactions and outside business activities when he was employed…
Sean Donovan Casterline (also known as Sean Donavan Casterline), of Maitland, Florida, a stockbroker formerly registered with Delta Securities Company, has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he engaged in unauthorized private securities transactions while he was employed by…
Tarek Mohsen Mohamed, of Clearwater, Florida, a stockbroker formerly registered with Bankers Life Securities Inc., has been charged by Financial Industry Regulatory Authority with failing to cooperate with a FINRA investigation concerning accusations of Mohamed’s involvement in an undisclosed outside business activity while registered with Bankers Life Securities. Department of Enforcement v. Tarek Mohsen Mohamed…
Brandon Carl Rudolph, of Las Vegas, Nevada, a stockbroker formerly registered with Chelsea Financial Services, is the subject of a customer initiated investment related written complaint on November 1, 2021, in which the customer requested $96,500.00 in damages supported by allegations of Rudolph engaging in private securities transactions including a promissory note sale when he…
Merrill Lynch Pierce Fenner Smith Inc., a securities broker dealer headquartered in New York, New York, has been censured and fined $1,200,000.00 by Financial Industry Regulatory Authority (FINRA), founded on findings that it failed to comply with FINRA during two misconduct investigations. Letter of Acceptance, Waiver, and Consent No. 2018058015702 (December 20, 2021). According to…
Johan Manuel Pereira, of Beverly, Massachusetts, a stockbroker formerly registered with Wells Fargo Clearing Services LLC, has been fined $10,000.00 and suspended for seven months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that he engaged in undisclosed outside business activities relating to Bitcoin. Letter of Acceptance,…
Gaetano Salvatore Ciambriello, of New York, New York, a stockbroker formerly registered with Citigroup Global Markets Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Ciambriello failed to cooperate with a FINRA investigation regarding allegations that he engaged in undisclosed outside business activities…
Kevin Mark Nevin, of Edina, Minnesota, a stockbroker formerly registered with Dempsey Lord Smith LLC and Sandlapper Securities LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that he failed to comply with FINRA’s requests for information in 2021 regarding the non-payment of a…
Aaron Douglas Maurer (also known as Doug Maurer), of White Plains, New York, a stockbroker formerly registered with Ascendant Alternative Strategies LLC, has been fined $10,000.00 and suspended for two years from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he engaged in unapproved private securities transactions…
Kevin John Kane, of York, PA, a stockbroker formerly registered with Waddell Reed, was discharged on February 23, 2021, based upon accusations of Kane violating Waddell Reed’s policies by engaging in undisclosed outside business activities and unauthorized communications to investors. Kane has been identified in four customer initiated investment related disputes concerning allegations of his…
Rodney Deleths Washington (also known as RD Washington), of New Albany, Ohio, a stockbroker formerly registered with UBS Financial Services Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he failed to cooperate with a FINRA investigation concerning accusations of his outside business…
William Walter LeBoeuf (also known as Bill LeBoeuf), of Beavercreek, Ohio, a stockbroker formerly registered with Cetera Advisor Networks LLC and Merrill Lynch Pierce Fenner Smith Inc., has been fined $12,500.00 and suspended for twelve months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he engaged…
Larry Allen Bowman (also known as Larry Bowman), of Malvern, Pennsylvania, a stockbroker formerly registered with Heritage Financial Systems Inc., has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he engaged in undisclosed outside business activities when he was employed by…
Robert Frederick Genito, of Bonita Springs, Florida, a stockbroker formerly registered with PFS Investments Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $90,000.00 in damages based upon allegations of Genito failing to pay on a promissory note that he issued to the customer relating to…
Rhett Douglas Bedwell, of Rogers, Arizona, a stockbroker formerly registered with LPL Financial LLC, is the subject of a customer initiated investment related complaint which was settled for $19,848.26 in damages on September 23, 2021, based upon allegations of the misuse of the customer’s funds during the time that he was registered with LPL Financial…
Caroline Mohan (also known as Caroline Reyes), of West Palm Beach, Florida, a stockbroker formerly registered with LPL Financial LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that she failed to cooperate with a FINRA investigation into allegations of her private securities transactions…
Murray Todd Petersen (also known as Todd Petersen), of Roseville, California, a stockbroker formerly registered with SCF Securities Inc. and WFG Investments Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he engaged in outside business activities and private securities transactions. Letter of…
Tyrone Maurice Smiles, of Newark, New Jersey, a stockbroker formerly registered with Prudential Investment Management Services LLC (PIMS), has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he engaged in outside business activities while registered with Prudential Investment Management Services and provided misleading and…
Daniel Todd Levine, of Greenwood Village, Colorado, a stockbroker formerly registered with Morgan Stanley, is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought compensatory damages based upon allegations that they were placed into unsuitable “private placements” during the time that Levine was registered with Morgan Stanley Smith…
John Lee Scott, of Phoenix, Arizona, a stockbroker formerly registered with LPL Financial LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he failed to comply with the regulator during the time that he was under investigation for engaging in outside business activities…
Michael Earl Reither, of Saint Louis, Missouri, a stockbroker formerly registered with First Allied Securities Inc., has been fined $10,000.00 and barred by the State of Missouri from being a stockbroker or an investment adviser representative according to an Order containing findings that Reither borrowed from a customer without authorization from First Allied Securities and…
Brian Stanley Pearce of Winter Haven Florida a stockbroker formerly registered with FSC Securities Corporation has been fined $5,000.00 and suspended for seven months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Pearce engaged in private securities transactions without getting approval from FSC Securities Corporation. Letter…
Judith Ann Bufis (also known as Judith Ann Burmistrenko) of East Brunswick New Jersey, a stockbroker formerly registered with Invest Financial Corporation and Kovack Securities Inc., was issued an Order by New Jersey Bureau Securities revoking her registration as a stockbroker. In the Matter of Judith Bufis Summary Revocation Order (August 25, 2020). New Jersey…
Abdul Matin Rahmani of Mineola New York a stockbroker formerly registered with Joseph Stone Capital LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon a FINRA Office of Hearing Officer’s Order Accepting Offer of Settlement containing findings that Rahmani engaged in outside business activities which…
Arthur Stewart Hoffman (also known as Art Hoffman) of Glendale Arizona a stockbroker formerly registered with Ameriprise Financial Services is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $358,183.00 in damages founded upon accusations of them being placed into Zima Digital Assets because of Hoffman’s unsuitable investment…
Murray Todd Petersen (also known as Todd Petersen) of Roseville California a stockbroker formerly registered with SCF Securities Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $77,500.00 in damages supported by accusations of breach of fiduciary duty and fraud as it pertained to an outside…
William A. Fochi Jr. (also known as Bill Fochi Jr.) of Glastonbury Connecticut a stockbroker formerly registered with Northwestern Mutual Investment Services LLC has been fined $10,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that he engaged in outside business activities…
Edgar A. Kleydman of Brooklyn New York a stockbroker formerly registered with AXA Advisors LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he did not cooperate with FINRA during its investigation into his alleged private securities transactions while registered with AXA Advisors….
Marceliano Macias of Hollywood Florida a stockbroker formerly registered with Transamerica Financial Advisors Inc. has been fined $7,500.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded upon findings that he engaged in undisclosed outside business activities during the time that he was associated with…
Lee Bryan Taylor of Skippack Pennsylvania a stockbroker formerly registered with Purshe Kaplan Sterling Investments (PKS) has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Taylor failed to cooperate with FINRA’s investigation concerning his possible private securities transactions while associated with Purshe Kaplan Sterling…
William Joseph Kielczewski (also known as Bill Kielczewski) of Toledo Ohio a stockbroker formerly registered with The Huntington Investment Company has been fined $50,000.00 and suspended for 18 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on a FINRA National Adjudicatory Council Decision containing findings that Kielczewski engaged…
Deborah Lynn Herrmann (also known as Debbie Lynn Gniech) of Wheaton Illinois a stockbroker formerly registered with Transamerica Financial Advisors Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that she did not fully comply with FINRA’s investigation into her potential nondisclosure of a…
John Matthew Izzo of Williamsville New York a stockbroker formerly registered with Allstate Financial Services 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 on findings that Izzo engaged in outside business activities without permission and had falsified information in compliance…
Athanasios Tomaras (also known as Thanasi Tomaras) of Oldsmar Florida a stockbroker currently registered with RF Lafferty Co. Inc. has been fined $5,000.00 and suspended for 45 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that Tomaras failed to identify outside business activities for RF Lafferty…
Kerry Lee Hoffman of Mundelein Illinois a stockbroker formerly registered with LPL Financial LLC has been barred by Securities and Exchange Commission (SEC) from being a stockbroker or investment adviser representative and barred from associating with securities firms across the country according to an Order based on allegations of Hoffman violating securities laws relating to…
Garrett Scott Neubart of New York New York a stockbroker formerly registered with Deutsche Bank Securities Inc. has been suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Neubart took part in outside business activities that were not disclosed or otherwise approved by…
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…
Andes Capital Group LLC a securities broker dealer headquartered in Chicago Illinois has been censured and fined $15,000.00 by Financial Industry Regulatory Authority (FINRA) supported by findings that Andes Capital Group failed to supervise its stockbroker’s private securities transactions. Letter of Acceptance Waiver and Consent No. 2019064979901 (Aug. 25, 2021). According to the AWC, in…
David Richard Geake of Northbrook Illinois a stockbroker currently registered with American Trust Investment Services is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages supported by accusations that Geake breached a fiduciary duty and placed the customer into securities that were not suitable for them…
Dale Allen Ramsperger of Scottsdale Arizona a stockbroker formerly registered with Securities America Inc. has been suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Ramsperger took part in private securities transactions that were not authorized by Securities America Inc. Letter of Acceptance…
Nancy Ann Munro Gaumer (also known as Nancy Ann Munrogaumer) of Media Pennsylvania a stockbroker registered with Signator Investors Inc. and BestVest Investments Ltd. has been fined $7,500.00 and suspended for 45 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Gaumer failed to report that…
Thomas Ward Stratton of Melbourne Florida a stockbroker formerly registered with World Choice Securities Inc. has been barred from associating with any FINRA member in any capacity supported by findings that Stratton failed to comply with the regulator during the period that he was under an investigation relating to his sale of promissory notes and…
Paul Wescoe Smith of Wayne Pennsylvania a stockbroker formerly registered with Bolton Global Capital is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $85,000.00 in damages founded on accusations of the customer’s assets being misappropriated in regard to a fraudulent enterprise known as Haverford Group. Financial Industry…
John Mark Ross of Missoula Montana a stockbroker formerly registered with US Bancorp Investments Inc. is the subject of a customer initiated investment related written complaint which was resolved for $127,210.30 in damages on January 9, 2019 founded on allegations of unauthorized trading by Ross while he was associated with Wells Fargo Advisors. According to…
David James Williams of Rochester New York a stockbroker formerly registered with Allstate Financial Services has been fined $7,500.00 and suspended for 3.5 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Williams engaged in outside business activities while he was associated with Allstate Financial Services….
Gerald Lee Brodsky of New York New York a stockbroker formerly registered with Dinosaur Financial Group LLC is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $800,000.00 in damages based on accusations that the customer was placed into Concord Group Holdings through a private placement offering and that…
Frank Vincent Sapareto of Derry New Hampshire a stockbroker formerly registered with Advisory Group Equity Services Ltd. has been barred by Financial Industry Regulatory Authority (FINRA) from associating with any FINRA member in any capacity according to a FINRA Office of Hearing Officers Default Decision containing findings that Sapareto engaged in an undisclosed outside business…
Adam S. Feierstein of Redondo Beach California a stockbroker formerly registered with Woodbury Financial Services Inc. is the subject of a customer initiated investment related complaint in which the customer requested more than $5,000.00 in damages supported by accusations of misrepresentations as it pertained to a variable annuity purchased by them when Feierstein was associated…
Craig Alan Sutherland of Columbus Ohio a stockbroker formerly registered with Money Concepts Capital Corp was fined by Ohio Department of Insurance supported by findings that Sutherland failed to report that another regulator took disciplinary action against him. Case No. 30849 (Nov. 10, 2020). Sutherland has been sanctioned twice before. On July 17, 2017, he…
Dana Bruce Vietor of Dallas Texas a stockbroker formerly registered with CFD Investments Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $108,667.00 in damages based upon allegations of fraud and a breach of contract between the customer and the securities broker dealer in regard to…
Jason C. LaBelle of Pittsfield Massachusetts a stockbroker formerly registered with LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that he failed to comply with FINRA when he was under investigation for violating the terms of a 2020 disciplinary action against…
Jonathan Douglas Freeze (also known as Jon Freeze) a former stockbroker of Fortune Financial Services Inc. and representative of Alternative Energy Holdings Inc. has been charged by Securities and Exchange Commission (SEC) with defrauding twenty-five customers through fraudulent promissory notes transactions. Securities and Exchange Commission v. Jonathan D. Freeze et al. Case No. 2:21-cv-720 (June…
James Francis O’Reilly of Port Jefferson New York a stockbroker formerly registered with TOR Brokerage LLC and Eastgate Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that he refused to testify about accusations of his possible outside business activities and private securities…
Perry De Leeuw (also known as Perry Lynn De Leeun and as Perry Lynn Deleeuw) of Duluth Georgia a stockbroker formerly registered with PFS Investments Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $152,715.00 in damages based on accusations of the customer incurring damages after providing…
Adam Petersen Summers of Crown Point Indiana a stockbroker formerly registered with Wells Fargo Clearing Services LLC has been referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested compensatory damages founded on allegations that Summers made unsuitable recommendations for the customer’s account at ETrade. Financial Industry Regulatory Authority (FINRA)…
Christian Murray Evans of Dallas Texas a stockbroker formerly registered with Morgan Stanley has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Evans did not get permission from Morgan Stanley regarding an outside business activity. Letter of Acceptance…
Clyde Warren Ford of Fresno California a stockbroker formerly registered with Kestra Investment Services LLC has been referenced in a customer initiated investment related civil action in which the customer obtained a judgement of $410,000.00 in damages based upon accusations of fraud relating to their purchase of Panthera. Civil Action No. 19CECG03981 (Oct. 8, 2020)….
Lawrence Moskowitz of Melville New York a stockbroker formerly registered with NYLife Securities 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 based upon findings that he engaged in outside business activities while associated with NYLife Securities. Letter of Acceptance Waiver…
George Louis McCaffrey III of Englewood Colorado a stockbroker formerly registered with NTB Financial Corporation has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings of him selling away and giving false information to FINRA during a period that he was investigated for engaging in private…
Robert Lynn Mitchell of Frisco Texas a stockbroker formerly registered with Morgan Stanley Wealth Management has been discharged from employment on February 3, 2021 supported by allegations of the stockbroker being involving in undisclosed outside business activities during the time that he was associated with Morgan Stanley Wealth Management. Mitchell has been identified in four…
Scott S. Niekamp of Chesterfield Missouri a stockbroker currently registered with Northwestern Mutual Investment Services LLC has been fined $10,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he failed to disclose outside business activities to Northwestern Mutual and had entered…
Carlos Arturo Hurtado (also known as Carl Arthurs and as Carlos Arthurs) of New York New York a stockbroker formerly registered with Spartan Capital Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he failed to cooperate with a FINRA investigation into…
Nicholas Richard Palumbo of Armonk New York a stockbroker formerly registered with Park Avenue Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that he did not provide any documents or information to FINRA when it investigated him for potentially selling away from…
Louis Paul Kreisberg of Brentwood Tennessee a stockbroker formerly registered with Wavecrest Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he neglected to comply with requests that FINRA made of him during the period that he was under investigation for potential…
Abdul Matin Rahmani of Mineola New York a stockbroker formerly registered with Joseph Stone Capital LLC has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement with engaging in outside business activities when he was associated with Joseph Stone, and with failing to be cooperative with FINRA during the time that he was…
Gilbert W. Cox of Concord New Hampshire a stockbroker formerly registered with Citizens Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Cox hindered a FINRA investigation into accusations of his outside business activities. Letter of Acceptance Waiver and Consent No. 2020066700601…
John Edgar Simmons Jr. of Gulf Breeze Florida a stockbroker formerly registered with LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Simmons failed to cooperate with FINRA’s investigation which focused on whether he engaged in unapproved private securities transactions. Letter…
Jason Howell Poff of Houston Texas 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 based upon findings that Poff engaged in outside business activities that were neither disclosed to nor approved by LPL…
Sharon Melinda Kwan (also known as Sharon Chen, Sharon Quan, My Mon Quan and as Mei Man Quan) of Arcadia California a stockbroker currently registered with Royal Alliance Associates is the subject of a customer initiated investment related written complaint on May 5, 2020 where the customer sought compensatory damages based upon accusations of misrepresentation…
Alex Gerardo Herrera of Coral Gables Florida a stockbroker formerly registered with UBS Financial Services has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that he failed to comply with an arbitration award or otherwise inform FINRA about his compliance. FINRA Arbitration No. 20-00245 (Aug….
Chander Ketu Goel of New York New York a stockbroker formerly registered with MML Investors Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Goel failed to provide information and documents to FINRA when it investigated him for potentially engaging in outside business…
Michael Joseph Dellaporta Jr (also known as Mike Dellaporta) a stockbroker formerly registered with Fusion Analytics Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he refused to hand over documents and information to FINRA when it investigated whether he engaged in…
Masood Husain Azad (also known as Mike Azad) of League City Texas a stockbroker formerly registered with First Allied Securities Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages based upon allegations of negligence and breach of contract relating to investments in Direct…
Ronald Patrick Cameron of Fayetteville Arkansas a stockbroker registered with International Assets Advisory and LPL Financial LLC has been fined $5,000.00 and suspended for five weeks from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he engaged in outside business activities. Letter of Acceptance Waiver and Consent…
Frederick Joseph Rock (also known as Frederick Joseah Rock) a stockbroker formerly registered with Pruco Securities LLC has been fined $5,000.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Rock engaged in private securities transactions involving customers of Pruco Securities. Letter…
Louis Maurice Olave of Burlington Vermont a stockbroker formerly registered with Questar Capital Corporation 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 he had been selling away. Letter of Acceptance Waiver and Consent No. 2020065678101 (Apr. 7,…
Gregory Walter McCloskey (also known as Gregory Walter Meier) of Newport Beach California a stockbroker formerly registered with WestPark Capital Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a FINRA Office of Hearing Officer’s Order that contains findings of McCloskey engaging in private securities…
David Brian Zuber (also known as David Brown Zuber) of LaVista Nebraska a stockbroker formerly registered with Securities America Inc. 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 a FINRA investigation concerning private securities transactions and outside business…
Joia Evans (also known as Joia Leanne Thomas and as Joia Leanne Webb) of Atlanta Georgia a stockbroker formerly registered with TIAA-CREF Individual and Institutional Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that she refused to participate in a FINRA investigation…
Steven Douglas Schisler of Grass Valley California a stockbroker formerly registered with IFS Securities has been charged by Financial Industry Regulatory Authority (FINRA) with engaging in private securities transactions, making unsuitable recommendations and failing to cooperate with FINRA during the period that he was under investigation. Department of Enforcement v. Steven Douglas Schisler Disciplinary Proceeding…
David Martin Martirosian of New York New York a stockbroker formerly registered with Joseph Stone Capital LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Martirosian failed to cooperate with FINRA when he was investigated for effecting unsuitable and excessive trades in customer…
Gordon Leonard Bryan of Terre Haute Indiana 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 on findings that he engaged in undisclosed outside business activities involving customers of the securities…
Candice Elaine Montie (also known as Candice Elaine Siekierski) of Fenton Michigan a stockbroker currently registered with Moloney Securities Co. Inc. 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 Montie engaged in private securities transactions during the…
Sumitro Pal of Bethesda Maryland a stockbroker formerly registered with Morgan Stanley is the subject of a customer initiated investment related civil action brought in a Maryland District Court where the customer sought $75,000.00 in damages founded on allegations relating to Pal’s private securities transactions while registered with Morgan Stanley Smith Barney. Civil Action No….
Albert Lewis DeGaetano of Independence Ohio a stockbroker formerly registered with Cabot Lodge Securities LLC has been discharged on November 15, 2019 based upon allegations of him violating the firm’s directives as it related to private securities transactions. Cabot Lodge Securities also alleged that DeGaetano’s correspondence with the public violated firm policy. This is not…
Frank Vincent Sapareto of Westport Connecticut a stockbroker formerly registered with Advisory Group Equity Services Ltd. is referenced in a Financial industry Regulatory Authority (FINRA) investigation in which the regulator determined that Sapareto should face disciplinary action for allegedly failing to be truthful during an investigation into his outside business activities. FINRA Investigation No. 20180603797…
Jon Richard Pariser of Pacific Grove California a stockbroker formerly registered with Independent Financial Group is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $1,202,739.63 in damages based upon accusations of Pariser having involved himself with people who persuaded the customer to invest in fraudulent promissory notes. Financial…
Tonya Nicole Smoake of Franklin Lakes New Jersey a stockbroker formerly registered with Purshe Kaplan Sterling Investments has been fined $5,000.00 and suspended for one year from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that she engaged in private securities transactions during the period that she was…
Rhett Douglas Bedwell of Rogers Arizona a stockbroker formerly registered with LPL Financial LLC 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 when he was being investigated for using forged documentation to transition a customer’s assets…
Richard Scott Shelley (also known as Richard Scott Shelly) a stockbroker formerly registered with Packerland Brokerage Services Inc. has been fined $5,000.00 and suspended for one month from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he engaged in private securities transactions during the time that he…
Ryan Owen Tarjanyi of Kettering Ohio a stockbroker formerly registered with Bankers Life Securities has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he did not provide information to FINRA during the period that he was investigated for forgery and for falsifying documents relating…
Mayur T. Dalal of New Hyde Park New York a stockbroker formerly registered with Kestra Investment Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he neglected to provide recorded testimony to the regulator while under investigation for potentially engaging in private securities…
George Marshall Warner of Staten Island New York a stockbroker formerly registered with Chelsea Financial Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he neglected to cooperate with a FINRA investigation into accusations of him selling away from Chelsea Financial Services. Letter…
Jeffrey David Stanga of Mission Viejo California a stockbroker currently registered with FMN Capital Corporation has been fined $10,000.00 and suspended for twelve months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he failed to make known to FMN Capital Corporation that he engaged in outside…
Bradley Allen Goodbred of Roselle Illinois a stockbroker formerly registered with LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he neglected to comply with a FINRA investigation into accusations of his outside business activities during the time that he was…
James Blake Daughtry of Dothan Alabama a stockbroker formerly registered with Kestra Investment Services LLC is referenced in a customer initiated investment related civil action where the customer sought $231,752.00 in damages supported by accusations that they had been steered by Daughtry towards establishing investment accounts with an investment adviser who Securities Exchange Commission (SEC)…
Stewart Irwin Schram of Northbrook Illinois a stockbroker formerly registered with Kingsbury Capital Inc. has been fined $7,500.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Schram engaged in outside business activities and private securities transactions during the time that he…
Scott Wayne Reed of Scottsdale Arizona a stockbroker formerly registered with Wells Fargo Clearing Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings of Reed taking part in $3,500,000.00 worth of private securities transactions during the time that he was associated with Wells…
Sean Daniel McDevitt of Houston Texas a stockbroker formerly registered with Woodrock Securities LP 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 McDevitt engaged in outside business activities while registered with Woodrock. Letter of Acceptance Waiver and…
Tyler Dean Delahunt of Atlanta Georgia a stockbroker formerly registered with Merrill Lynch has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he failed to provide documents and information to FINRA when it investigated him for outside business activities and private securities transactions. Letter…
Jasmit Singh of New York New York a stockbroker formerly registered with JP Morgan Securities LLC has been fined $10,000.00 and suspended for seven months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he engaged in outside business activities and private securities transactions without disclosing this…
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…
CHARLOTTE, NC – The Guiliano Law Group, P.C. has filed a Statement of Claim against Northwestern Mutual Investment Services LLC on behalf of investors before the Financial Industry Regulatory Authority or FINRA seeking damages for fraud, the breach of fiduciary duty, the failure to supervise, negligence and in violation of the federal securities laws and…
Jonathan H. Dudley of Atlanta Georgia a stockbroker formerly registered with Centaurus Financial has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Dudley failed to comply with FINRA while he was under investigation for potentially misusing a customer’s funds. Letter of Acceptance Waiver and…
Robert Leslie Mandau (also known as Bob Leslie Mandau) of Willoughby Hills Ohio a stockbroker formerly registered with Thrivent Investment Management Inc. 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 Mandau engaged in outside business activities without…
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…
Robert Frederick Genito of Bonita Springs Florida a stockbroker formerly registered with PFS Investments Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $100,000.00 in damages supported by allegations that the customer had been issued a promissory note through Genito and that the stockbroker defaulted on…
Jason Howell Poff of Houston Texas a former stockbroker and investment adviser representative of LPL Financial LLC has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement with engaging in outside business activities that were not approved by the securities broker dealer. Department of Enforcement v. Jason Howell Poff Disciplinary Proceeding No. 2018058501502…
Rawad Roy Alame (also known as Roy Rawad Alame) of Raleigh North Carolina a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated 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 of Alame selling away when he…
Cetera Advisor Networks LLC, Cetera Advisors LLC and Cetera Financial Specialists LLC have been censured and collectively fined $1,000,000.00 by Financial Industry Regulatory Authority (FINRA) founded on findings of the securities firms’ failure to supervise their stockbrokers’ private securities transactions and failure to preserve records relating to those outside transactions. Letter of Acceptance Waiver and…
Michael Anthony Tavel of Indianapolis Indiana a stockbroker formerly registered with LPL Financial LLC has been fined $20,000.00 and suspended for 18 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings of Tavel selling away from LPL Financial and making unsuitable investment recommendations while registered with the…
Frank Howard Zito of Ridgeland Mississippi a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith has been fined $10,000.00 and suspended for 16 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Zito engaged in private securities transactions and outside business activities while registered with…
Andre Pierre Senegal of Tinley Park Illinois a stockbroker formerly registered with NYLife Securities LLC is the subject of a customer initiated investment related written complaint on November 11, 2020 where the customer requested $15,000.00 in damages based upon accusations that the customer did not receive any information relating to money that they provided to…
Brian Radoo of North Woodmere New York a stockbroker formerly registered with Next Financial Group has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Radoo failed to comply with FINRA when he was under investigation for possibly engaging in outside business activities. Letter of…
John William Hoekman of New York New York a stockbroker formerly registered with Wells Fargo Advisors LLC is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought between $100,000.00 and $500,000.00 in compensatory or punitive damages based upon accusations of unsuitable over-the-counter equities being recommended for the customer’s investment…
Michael Edward Magill of Portland Maine a stockbroker formerly registered with Foreside Fund Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Magill effected private securities transactions. Letter of Acceptance Waiver and Consent No. 2019064830701 (Dec. 7, 2020). According to the AWC,…
Jay R. Weiser of Collinsville Illinois a stockbroker formerly registered with DesPain Financial Corporation is the subject of a customer initiated investment related arbitration claim in which the customer requested $100,001.00 in damages supported by accusations that the customer’s retirement assets were mismanaged as it pertained to a promissory note transaction executed by Weiser during…
Raymond Alexander Thomas of Network 1 Financial Securities has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a Decision and Order of Offer of Settlement containing findings that Thomas engaged in undisclosed outside business activities while registered with Network 1 Financial Securities. Department of Enforcement v….
Norman Stanley Batansky of Jupiter Florida a stockbroker formerly employed by LPL Financial LLC has been fined $7,500.00 and suspended for one month from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Batansky engaged in private securities transactions and concealed his securities-related correspondence. Letter of Acceptance Waiver and…
Lewis Nelson Lester Senior (also known as Lew Lester) of Bridgewater New Jersey a stockbroker formerly registered with Olden Lane Securities LLC has been fined $5,000.00 and suspended for one year from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Lester had been selling away from Olden…
David Allen Walters (also known as Dave Walters) of Laguna Beach California a stockbroker formerly registered with Advisory Group Equity Services (AGES) has been fined $5,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Walters engaged in private securities transactions while…
Robert Joseph Kerrigan Senior of Scottsdale Arizona a stockbroker formerly employed by First Financial Equity Corporation is referenced in a customer initiated investment related arbitration claim which was settled for $40,000.00 in damages supported by accusations that a fiduciary duty that was owed to the customer had been breached and that First Financial Equity Corporation…
John Albert Westbrook (also known as Al Westbrook) of McDonough Georgia a stockbroker formerly registered with Center Street Securities Inc. has been fined $5,000.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that he engaged in unauthorized private securities transactions while registered…
Gordon Tong Quan of Pasadena California a stockbroker formerly registered with Cetera Advisors Networks LLC has been referenced in a customer initiated investment related arbitration claim which was settled for $25,000.00 in damages based upon allegations that investment recommendations made to the Cetera Advisor Networks customer by Quan had failed to be suitable and had…
David Todd Phillips (also known as Todd Phillips) of Gilbert Arizona a stockbroker formerly registered with Moloney Securities Co. and ProEquities Inc. has been fined $5,000.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that he engaged in private securities transactions involving…
Matthew Thomas Jennings of Johnston Iowa a stockbroker formerly registered with Edward Jones has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he did not comply with a FINRA investigation into allegations of him offering investments to customers outside the auspices of Edward Jones….
Adam S. Feierstein of Redondo Beach California a stockbroker formerly registered with ProEquities Inc. has been discharged by the securities broker dealer on October 28, 2020 founded on allegations that Feierstein engaged in unauthorized private security transactions and had concealed his communications about securities business from ProEquities. Financial Industry Regulatory Authority (FINRA) Public Disclosure also…
James Ortega of Pompano Beach Florida a stockbroker formerly registered with Allstate Financial Services has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Ortega engaged in outside business activities. Letter of Acceptance Waiver and Consent No. 2019061168602 (Oct. 5, 2020). According…
Neemit Mukesh Shah of Glen Allen Virginia a stockbroker formerly employed by NYLife Securities LLC 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 Shah engaged in private securities transactions during the period that he was associated with…
Stephen Leroy Whittaker of Surprise Arizona a stockbroker formerly registered with First Financial Equity Corporation 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 he engaged in outside business activities. Letter of Acceptance Waiver and Consent No. 2019062207301…
Dwight Lee Dykstra of Maitland Florida a stockbroker formerly employed by Vision Brokerage Services LLC has been fined $10,000.00 and suspended for one year from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Dykstra sold away from Vision Brokerage Services. Letter of Acceptance Waiver and Consent No….
Ken Alan Balser of Colorado Springs Colorado a stockbroker formerly registered with Cetera Advisors LLC has been referenced in a customer initiated investment related arbitration claim which was settled for $35,695.00 in damages based upon accusations of Balser breaching a fiduciary duty do the customer and having defrauded the customer while employed by Cetera Advisors…
Lonna Rae Dehn Ristvedt (also known as Lonna R. Dehn and as Lonna Rae Spitzer) of Fargo North Dakota a stockbroker formerly registered with National Planning Corporation has been fined $5,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that Ristvedt engaged…
Anthony Vultaggio Jr. of East Meadow New York a stockbroker formerly registered with American Capital Partners LLC is the subject of a customer initiated investment related arbitration claim where the customer sought $1,000,000.00 in damages based upon allegations that the customer had been placed into an inappropriate private placement by Vultaggio during the time that…
Pratul Victor Agnihotri (also known as Pratol Victor Agnihotri) of Melville New York a stockbroker formerly registered with Aegis Capital Corp. and Spartan Capital Securities LLC has been fined $7,500.00 and suspended for twelve months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Agnihotri engaged in…
Troy Robert Baily of Omaha Nebraska a stockbroker formerly registered with SagePoint Financial has been fined $5,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Baily took part in private sales of Future Income Payments (FIP) while registered with SagePoint Financial….
Tony A. Kassaei of Irvine California a stockbroker formerly registered with JP Turner Company has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Kassaei took part in private securities transactions involving real estate securities during the time that he was employed by JP Turner….
Joseph Hersey Pratt (also known as Joseph Butcher and as J.H. Pratt) of Conshohocken Pennsylvania a stockbroker formerly employed by Stifel Nicolaus is the subject of a customer initiated investment related arbitration claim where the customer sought $232,000.00 in damages founded upon allegations of the violation of Section 517 of the Florida Securities and Investor…
Clifton Hideki Roberts (also known as Cliff H. Roberts and as Clifton Sato Roberts) of Houston Texas a stockbroker formerly registered with LPL Financial LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Roberts engaged in undisclosed outside business activities while associated with…
Abdul Matin Rahmani (also known as Abdul Rahmani) of Melville New York a stockbroker formerly registered with SW Financial is the subject of an August 5, 2020 FINRA investigation in which he may face a disciplinary action from FINRA Department of Enforcement based upon accusations of him engaging in undisclosed outside business activities and failing…
Charles Don Burchard (also known as Chuck Burchard) of Conroe Texas 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 supported by findings that Burchard failed to comply with FINRA personnel who were investigating accusations of his potential undisclosed…
Jose A. Yniguez (also known as Jose S. Yniguez) of Oxnard California a stockbroker formerly registered with Transamerica Financial Advisors has been fined $12,500.00 and suspended for 14 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Yniguez engaged in undisclosed private securities transactions and outside…
Jesse Todd Kovacs of Forked River New Jersey a stockbroker formerly employed by ON Equity Sales Company has been suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Kovacs took part in private securities transactions without permission from ONESCO. Letter of Acceptance Waiver…
Rani Soto of Newark New Jersey a stockbroker formerly registered with Prudential Investment Management Services has been charged by Financial industry Regulatory Authority Department of Enforcement with engaging in outside business activities that were not disclosed to the securities broker dealer and for failing to timely cooperate with FINRA during the course of its investigation…
James Michael Rapisarda of Scottsdale Arizona a stockbroker formerly registered with LPL Financial LLC has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that Rapisarda engaged in prohibited securities transactions during the period in which he was associated with LPL Financial. Letter…
Roger Lee Owens of Elkton Maryland a stockbroker formerly employed by Cetera Advisors LLC is referenced in a customer initiated investment related arbitration claim where the customer requested $100,000.00 in damages founded on accusations that a fiduciary duty which had been owed to the customer by the stockbroker was violated and that the customer had…
Peter Vincent Ianace of Plano Texas a stockbroker formerly registered with Wells Fargo Clearing Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that he failed to cooperate with a FINRA investigation into allegations of him engaging in undisclosed outside business activities during…
John Rosas Jaramillo of Westlake Village California a stockbroker formerly employed by Western International Securities Inc. has been fined $5,000.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Jaramillo engaged in private securities transactions involving the sale of securities in Woodbridge…
Minish Joe Hede of New York New York a stockbroker formerly employed by Paulson Investment Company is named in a Complaint brought by Securities Exchange Commission (SEC) who alleges that Hede was selling away from his securities broker dealer employer and had sold promissory notes as an unregistered broker. United States Securities and Exchange Commission…
Chams Khwaja (also known as Sean Khwaja) of Melville New York a stockbroker formerly registered with Worden Capital Management LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a Default Decision containing findings that Khwaja declined to cooperate with FINRA’s investigation into allegations of his…
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…
Christopher A. Reid of Marlton New Jersey a stockbroker formerly employed by Morgan Stanley 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 Reid engaged in private securities transactions while registered with Morgan Stanley. Letter of Acceptance Waiver…
Kevin Donald Wanner of Bismarck North Dakota a stockbroker formerly employed by Questar Capital Corporation has been barred by Securities and Exchange Commission (SEC) from being a stockbroker or investment advisor representative or otherwise associating with a securities broker dealer or investment advisor representative according to an Order pertaining to findings of Wanner defrauding investors….
John Wade Loofbourrow of New York New York the President and Chief Executive Officer of John W. Loofbourrow Associates (JWLA) has been fined $7,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity based upon findings that Loofbourrow neglected to supervise outside business activities. Letter of Acceptance Waiver…
Michael Richard Mackay of Cincinnati Ohio a stockbroker formerly associated with Transamerica Financial Advisors has been referenced in a customer initiated investment related arbitration claim in which the customer requested $100,000.00 in damages supported by allegations that the customer had been placed into real estate security and insurance products as well as a charitable annuity…
Steven Glen Friedman of McLean Virginia a stockbroker formerly employed by Ameriprise Financial Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that he failed to furnish information to FINRA in response to its inquiry into his activities. Case No. 2018058107301 (July 1, 2019)….
Micah Wesley Patterson (also known as Wes Patterson) of Layton Utah a stockbroker formerly registered with Hornor Townsend Kent LLC 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 Patterson engaged in an unapproved private securities transaction during the time that…
Darrin Barton Farrow of Rocky River Ohio a stockbroker formerly registered with Royal Alliance Associates is the subject of a customer initiated investment related written complaint on February 19, 2020 where the customer sought $350,000.00 in damages based upon accusations that the customer was placed into an unapproved investment by Farrow during the time that…
Ryan Matthew Davis of Mahwah New Jersey a stockbroker formerly employed by Wells Fargo Clearing Services LLC has been fined $15,000.00 and suspended for eighteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Davis engaged in undisclosed outside business activities and private securities transactions and…
Henry Arthur Taylor III (also known as Trey Taylor) of Springdale Arizona a stockbroker formerly registered with Cetera Advisors Networks 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 findings that Taylor sold away from the securities broker dealer….
Gregory Alan Ricker of Boca Raton Florida a stockbroker formerly associated with Westpark Capital 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 he engaged in private securities transactions without the securities broker dealer’s approval. Letter of…
William Andrew Hightower (also known as Bill Hightower) of Houston Texas a stockbroker formerly employed by Legacy Asset Securities Inc. has been barred from being a stockbroker or an investment adviser representative or otherwise associating with any securities broker dealers or investment advisories according to an SEC Order based on Hightower pleading guilty to fraud….
Kevin Fredrick Williams of San Diego California a stockbroker formerly registered with Wells Fargo Clearing Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he neglected to cooperate with FINRA’s request for his information. Case No. 2019062134601 (May 26, 2020). According to…
John George Kallis of Louisville Kentucky a stockbroker formerly employed by LPL Financial LLC has been fined $5,000.00 and suspended for forty-five days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Kallis engaged in undisclosed private securities transactions while employed by LPL Financial. Letter of Acceptance…
Fredrick Martin Randhahn (also known as Frederick Martin Randhahn) of Ogden Utah a stockbroker formerly registered with Sigma Financial Corporation is the subject of a customer initiated investment related arbitration claim where the customer sought $100,000.00 in damages based upon accusations that the customer was placed into risky and fraudulent Woodbridge Mortgage Investment products during…
Gregory Walter McCloskey (also known as Gregory Walter Meier) of Newport Beach California a stockbroker formerly registered with Westpark Capital Inc. is the subject of a Financial Industry Regulatory Authority (FINRA) investigation concerning McCloskey’s possible engagement in private securities transactions and his possible obstruction of the regulator’s investigation into accusations of his misconduct. FINRA Case…
Keith Trevor Rich of Marietta Georgia a stockbroker formerly employed by PFS Investments Inc. and JP Morgan Securities LLC has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that Rich engaged in an undisclosed outside business activity while employed by PFS Investments…
Gary Lyle Pevey of Sacramento California a stockbroker formerly associated with Mutual Securities Inc. has been referenced in a customer initiated investment related arbitration claim in which the customer requested $100,001.00 in damages supported by allegations that the customer had been defrauded by making a real estate security purchase in September of 2016 during the…
Dean Elmo Mings of Springfield Ohio a stockbroker formerly registered with Tavenner Company is the subject of a customer initiated investment related arbitration claim where the customer sought $600,000.00 in damages based upon accusations that unsuitable annuities and stocks were recommended to the customer by Mings. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-02807 (Sept….
Timothy Bernard Cooney of Warren Rhode Island a stockbroker formerly associated with Allstate Financial Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he failed to cooperate with FINRA’s investigation into allegations of his undisclosed outside business activities while registered with the securities…
Joe McCollum Allbright of Odessa Texas a stockbroker formerly employed by Farmers Financial Solutions 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 on findings that (1) Allbright was selling Future Income Payments LLC investments away from Farmers Financial Solutions and…
Dee Dee Brooks (also known as Doris Brooks and as Doris Takooshian) of Huntington Beach California a stockbroker formerly associated with Signator Investors Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that she engaged in unapproved private securities transactions involving Future Income Payments…
Robert Nicholas Korzik (also known as Bob Korzik) of Little Falls New Jersey a stockbroker formerly registered with Ameriprise Financial Services Inc. has been fined $8,500.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in private securities…
Kevin Mark Nevin of Edina Minnesota a stockbroker formerly associated with Sandlapper Securities LLC has been referenced in a customer initiated investment related arbitration claim in which the customer requested $400,000.00 in damages supported by allegations that the customer had been placed into direct participation program interests or limited partnership interests that failed to be…
Michelle Lynn Gill (also known as Michelle Lynn Carne, Michelle Lynn Koenig and as Michelle Lynn Pyykola) of East Lansing Michigan a stockbroker formerly registered with Paradigm Equities has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he had been…
Arthur Stewart Hoffman (also known as Art S. Hoffman) of Glendale Arizona a stockbroker formerly registered with Ameriprise Financial Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he failed to cooperate with a FINRA investigation into allegations of him engaging in…
Scott Wayne Reed of Scottsdale Arizona a stockbroker formerly employed by Wells Fargo Clearing Services LLC has been terminated on April 7, 2020 founded on accusations of him advising customers of Wells Fargo Advisors to purchase investments that were neither offered nor approved by the securities broker dealer. According to Wells Fargo, customers’ investment transactions…
Irene Padrick Engard (also known as Irene Pa Smith) of Federal Way Washington a stockbroker formerly employed by PFS Investments Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on her consent to findings that she failed to cooperate with FINRA personnel while she was under…
William Joseph Kielczewski (also known as Bill Kielczewski) of Toledo Ohio a stockbroker formerly registered with The Huntington Investment Company has been fined $50,000.00 and suspended for eighteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Extended Hearing Panel Decision containing findings that Kielczewski had been…
Jason Nicholas Dukas of Clearwater Florida a stockbroker formerly registered with Wells Fargo Clearing Services has been fined $15,000.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in unapproved private securities transactions during the time that he…
Peter David Holler of Bristol Tennessee a stockbroker employed by Securities Service Network LLC is the subject of a customer initiated investment related written complaint on February 27, 2020 in which the customer requested $855,000.00 in damages based upon allegations that the customer had been placed into unregistered Woodbridge securities by Holler during the time…
James Garland Kennedy Jr. (also known as Jim Kennedy) of Madison Mississippi a stockbroker formerly registered with Woodbury 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 he failed to comply with FINRA personnel when he was being investigated…
Paul David Weiss of Miami Florida a stockbroker formerly registered with Mora WM Securities 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 (1) Weiss engaged in two outside business activities which were not reported to the securities broker dealer…
George Louis McCaffrey III of Englewood Colorado a stockbroker formerly associated with NTB Financial Corporation has been referenced in a customer initiated investment related complaint on May 14, 2019 in which the customer requested $290,000.00 in damages supported by allegations of the customer being inappropriately advised by McCaffrey to use individual retirement account funds to…
Jeffrey Hall Heely of Beverly Hills California a stockbroker formerly registered with NMS Capital Advisors LLC 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 he engaged in undisclosed outside business activities. Letter of Acceptance Waiver and Consent No. 2019063224501 (Apr….
Jonathan Scot Zwickel of Houston Texas a stockbroker formerly registered with Clinger Co. Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Zwickel failed to cooperate with FINRA during the course of an investigation into allegations of the stockbroker’s undisclosed outside business activities….
Chams Khwaja (also known as Sean Khwaja) of Melville New York a stockbroker formerly registered with Worden Capital Management LLC has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that he failed to comply with a FINRA investigation into allegations of his unapproved outside business activities. Department of Enforcement v. Chams…
Jay Allan Ambroson of Garden City New York a former president and director of Gould Ambroson Associates Ltd. is the subject of a customer initiated investment related arbitration claim which was settled for $107,991.00 in damages based upon allegations including fraud and the violation of California Securities Act by Ambroson as it pertained to private…
Lisa Acca of Bay Ridge New York a stockbroker formerly employed by Arive Capital Markets has been barred by Financial Industry Regulatory Authority (FINRA) from associating with any FINRA member in any capacity founded on accusations of the stockbroker neglecting to testify for FINRA and failing to provide information or documentation to the regulator while…
Piero Benjamin Dilorenzo of Melville New York a stockbroker formerly registered with NYLife Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate with FINRA personnel during the period in which he was under investigation for engaging…
Kwasi Mensah Aggor of Providence Rhode Island a stockbroker formerly registered with TD Ameritrade Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he neglected to cooperate with FINRA’s investigation into allegations of him selling away from TD Ameritrade. Letter of…
Alexander Jon James of Palm Beach Gardens Florida a stockbroker formerly registered with Voya Financial Advisors has been fined $10,000.00 and suspended for one year from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in undisclosed outside business activities and private securities transactions…
Alan Harold New of Fort Wayne Indiana a stockbroker formerly registered with NYLife Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that New neglected to provide information and documentation to the regulator during an investigation into allegations of New’s sale…
Bryce Patrick Jenney of Nashville Tennessee a stockbroker formerly registered with Raymond James Associates has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a Default Decision issued by FINRA Office of Hearing Officers containing findings that Jenney failed to comply with FINRA’s requests during the period…
Kenneth Alan Balser of Colorado Springs Colorado a stockbroker formerly employed by Cetera Advisors LLC has been identified in a customer initiated investment related arbitration claim where the customer sought $103,664.82 in damages founded on accusations that (1) the stockbroker’s negligence resulted in the customer’s losses (2) a fiduciary duty was breached by Balser (3)…
Dana Bruce Vietor of Dallas Texas a stockbroker formerly registered with CFD Investments Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Vietor sold unregistered securities away from his securities broker dealer employers including CFD Investments as well as Cape Securities and Oakbridge…
Norman Gary Price of Gig Harbor Washington a stockbroker formerly associated with RP Capital LLC, Genesis Capital LLC and Aequitas Commercial Finance LLC has been fined $75,000.00 and barred by Securities and Exchange Commission (SEC) from being a stockbroker or investment adviser representative or otherwise associating with any securities broker dealer or investment adviser according…
Brian Joseph Lockett of Lynnwood Washington a stockbroker formerly employed by Geneos Wealth Management Inc. has been fined $5,000.00 and suspended for forty-five days from associating with any FINRA member in any capacity founded on Lockett taking part in unpermitted private securities transactions during the time that he was associated with Geneos Wealth Management. Letter…
Gerald Roger Dewes of East Amherst New York a stockbroker formerly registered with Cadaret Grant Co. Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings of Dewes’ failure to comply with the regulator during an investigation into his possible outside business activities and private…
Steven Harris of Burr Ridge Illinois a stockbroker formerly registered with Transamerica Financial Advisors Inc. is the subject of a Financial industry Regulatory Authority (FINRA) Complaint alleging that (1) Harris engaged in outside business activities and (2) Harris falsified documents and testimony while he was investigated by FINRA personnel for his outside activities. Department of…
Frederic Thomas O’Hara (also known as Ted O’Hara) of Burnt Hills New York a stockbroker formerly registered with SagePoint Financial Inc. 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) O’Hara engaged in undisclosed outside business activities…
Andrew Montgomery Costa of Fort Lauderdale Florida a stockbroker currently registered with Madison Avenue Securities LLC has been identified in a customer initiated investment related arbitration claim in which the customer requested $90,000.00 in damages based upon allegations of the customer sustaining losses from Madison Avenue Securities’ failure to supervise the sale of Woodbridge Notes…..
Scott Patrick Kozak of Highlands Ranch Colorado a stockbroker formerly registered with Cetera Advisors LLC has been fined $10,000.00 and suspended for two years from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in undisclosed private securities transactions and outside business activities. Letter…
Tamara Rae Steele (also known as Tammie Steele) of Pendleton Indiana a stockbroker formerly registered with APW Capital Inc. (now known as Comprehensive Asset Management and Servicing Inc.) has been referenced in a customer initiated investment related arbitration claim in which the customer requested $353,500.00 in damages supported by allegations that the customer was sold…
James Gregory McKinney (also known as Greg McKinney) of Tulsa Oklahoma a stockbroker formerly registered with Cetera Advisors LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a Default Decision containing findings that the stockbroker neglected to testify or produce documentation for FINRA personnel while…
Imran N. Razvi (also known as Raz Razvi) of Frederick Maryland a stockbroker formerly registered with Lincoln Financial Securities Corporation has been fined $5,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Razvi engaged in outside business activities which involved the…
Raymond Alexander Thomas (also known as Ray Thomas) of Brooklyn New York a stockbroker formerly registered with Network 1 Financial Securities Inc. is the subject of a Financial Industry Regulatory Authority (FINRA) Department of Enforcement Complaint alleging that he engaged in unauthorized outside business activities and that he lied to FINRA personnel to conceal his…
Martin David Batstone (also known as Marty David Batstone) of San Diego California a stockbroker formerly registered with Independent Financial Group LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon a FINRA Office of Hearing Officers Order Accepting Offer of Settlement containing findings that Batstone…
James F. Anderson of Dakota Dunes South Dakota a stockbroker formerly associated with Ameritas Investment Corp. has been referenced in a customer initiated investment related arbitration claim in which the customer requested $2,423,000.00 in damages supported by allegations that (1) the customer had been inappropriately sold promissory notes as they were neither registered nor exempt…
Mark Lewton Hopkins of Grand Blanc Michigan a stockbroker formerly registered with American Portfolios Financial Services Inc. is the subject of an enforcement action initiated by Michigan Corporations Securities and Commercial Licensing Bureau in which the regulator is seeking sanctions against Hopkins based upon allegations that he violated Michigan Securities Act by omitting to a…
Daniel Joseph Arcuri Jr. of Greensburg Pennsylvania a stockbroker formerly registered with Thrivent Investment Management Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a FINRA Office of Hearing Officers Decision containing findings that he neglected to respond to a FINRA Department of Enforcement Complaint…
Antonio Gutierrez Puente (also known as Tony Puente) of Miami Florida a stockbroker formerly employed by Valic Financial Advisors Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that Puente failed to comply with FINRA’s requests during the time that the stockbroker was under…
Paul William Murans (also known as Peace Murans) of Indianapolis Indiana a stockbroker formerly employed by UBS Financial Services Inc. has been referenced in a customer initiated investment related arbitration claim which has been resolved for $300,000.00 in damages founded on accusations that (1) securities transactions had been executed without the securities broker dealer’s permission…
Zachary Scott Wagner of Gilbert Arizona a stockbroker formerly registered with OneAmerica Securities Inc. and Merrill Lynch has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Wagner failed to comply with a FINRA investigation into allegations of his (1) engagement in outside business activities…
Donna Lynn Barnard (also known as Donna Lynn Stargell and as Donna Lynn Brooks) of Kilgore Texas a stockbroker registered with HD Vest Investment Services and Signal Securities Inc. is the subject of a customer initiated investment related arbitration claim which was settled for $50,000.00 in damages based upon allegations that Woodbridge Mortgage Fund promissory…
Kari Marlin Bracy (also known as Kari Marlin Farwell) of Jacksonville Beach Florida a stockbroker formerly registered with NYLife Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that she failed to comply with FINRA personnel when it investigated her for…
Paul William Petrillo of Volo Illinois a stockbroker formerly registered with Thrivent Investment Management has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that (1) Petrillo effected securities transactions without having disclosed them to the securities broker dealer and procured authorization and (2) Petrillo lied…
Jason C. Labelle of Pittsfield Massachusetts a stockbroker formerly registered with LPL Financial LLC has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that the stockbroker engaged in an outside business activity without disclosing it to LPL Financial. Letter of…
Christopher Todd Wendel of Celina Ohio a stockbroker formerly employed by SA Stone Wealth Management Inc. has been ordered to cease and desist from violating securities laws or regulations by Ohio Division of Securities supported by allegations that (1) the stockbroker offered or sold securities without having been registered as a stockbroker in the State…
Stephen Corley Carver of Peoria Illinois a stockbroker formerly registered with LifeMark Securities Corp. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Carver failed to cooperate with FINRA personnel during the time that he was investigated for a customer initiated investment…
Ramon Esparza of Edinburg Texas a stockbroker employed by Mutual of Omaha Investor Services Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate with FINRA personnel during the period in which he was investigated for engaging in…
Ramon Esparza of Edinburg Texas a stockbroker employed by Mutual of Omaha Investor Services Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate with FINRA personnel during the period in which he was investigated for partaking in…
Anthony Vultaggio Jr. of East Meadow New York a stockbroker formerly employed by American Capital Partners LLC is the subject of a customer initiated investment related arbitration claim in which the customer sought $700,000.00 in damages based upon accusations that the customer had been sold a bad private placement offering through Vultaggio during the time…
Frank Howard Zito of Ridgeland Mississippi a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated has been sanctioned by the Office of the Mississippi Secretary of State Securities Division according to a Consent Order containing findings that (1) Zito engaged in private securities transactions during the time that he was associated with Merrill…
William Wesley Marshall of Plano Texas a stockbroker formerly registered with Ameriprise Financial Services is referenced in a customer initiated investment related arbitration claim which was resolved for $399,000.00 in damages supported by allegations that the customer was advised by Marshall to purchase fraudulent Colorado Rare Earths and BioChemics Inc. stocks that caused the customer…
Michael Radford Severance of Edina Minnesota a stockbroker formerly employed by LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Severance failed to cooperate with a FINRA investigation into accusations of him engaging in undisclosed outside business activities. Letter of Acceptance…
Robert Henderson of Miami Lakes Florida a stockbroker formerly registered with IFS Securities has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint which alleged that Henderson engaged in unpermitted outside business activities during the period in which he was associated with IFS Securities. Department of Enforcement v. Robert Henderson Disciplinary Proceeding No….
Bryce Patrick Jenney of Nashville Tennessee a stockbroker formerly registered with Raymond James Associates Inc. has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that (1) Jenney neglected to furnish documentation and information to FINRA when he was under investigation and (2) Jenney failed to testify in response to allegations of…
Kerry Lee Hoffman of Mundelein Illinois a stockbroker formerly registered with LPL Financial LLC has been charged by Securities and Exchange Commission (SEC) in a Complaint which alleged that Hoffman engaged in securities fraud through his offer and sale of unregistered GT Media Inc. securities. United States Securities and Exchange Commission v. Kerry L. Hoffman…
Robert P. Allen of Augusta Georgia a stockbroker formerly registered with Country Capital Management Company 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 engaged in unapproved outside business activities. Letter of Acceptance Waiver and Consent No….
Steven Harris of Burr Ridge Illinois a stockbroker formerly registered with Transamerica Financial Advisors Inc. is referenced in a Financial industry Regulatory Authority (FINRA) investigation in which the regulator advised its Department of Enforcement to pursue disciplinary action against Harris for failing to cooperate with FINRA during an inquiry into accusations of his outside business…
Robert Frederick Genito of Bonita Springs Florida 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 of the stockbroker failing to provide recorded testimony during FINRA’s investigation into allegations into his (1) outside business activities which failed…
Gary Wayne Hammond of Charlotte North Carolina a stockbroker formerly registered with MSI Financial Services (MetLife Securities) is the subject of a customer initiated investment related civil action brought in the North Carolina Superior Court in which the customer sought more than $25,000.00 in damages based upon allegations that (1) the customer had been provided…
Joel Vincent Flaningan of Fort Wayne Indiana a stockbroker formerly employed by NYLife Securities LLC is the subject of a customer initiated investment related civil action brought in the Superior Court of Indiana in which the customer requested $29,000.00 in damages based upon accusations that (1) unfounded statements had been made by the stockbroker concerning…
Alexander George Lycouris of Fort Lauderdale Florida a stockbroker formerly employed by MML Investors Services LLC has been suspended for seven months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that (1) Lycouris engaged in an outside business activity without having disclosed that information to MML when…
David Quentin Kendrick of Shreveport Louisiana a stockbroker formerly registered with NYLife Securities LLC has been fined $30,000.00 and suspended for eighteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that (1) Kendrick took part in outside business activities without having informed his securities broker dealer…
Matthew Leon White of Little Rock Arkanas a stockbroker formerly registered with MML Investors Services LLC (also known as MassMutual) has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that White neglected to comply with FINRA’s instructions during the period in which he was being…
Wessam Baiz (also known as Wes Baiz) of Perrysburg Ohio a stockbroker formerly employed by Huntington Investment Company has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Baiz failed to cooperate with an investigation into accusations of (1) Baiz’s undisclosed outside business activities and…
Issac Preston Onu (also known as Ajah Onu) of Atlanta Georgia a stockbroker formerly registered with NYLife Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that Onu neglected to provide a response to FINRA personnel after information had been formally requested of…
Christopher Kozak of Highland Ranch Colorado a stockbroker formerly registered with Cetera Advisors LLC has been fined $10,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he took part in outside business activities without providing required notice to Cetera…
Jerry P. Michna of Louisville Ohio a stockbroker formerly registered with Questar Capital Corporation is referenced in a customer initiated investment related arbitration claim in which the customer sought $270,000.00 in damages supported by accusations of unsuitable energy sector stock and over-the-counter equities being sold to the customer by Michna during the period in which…
David Alan Tucker of Daytona Beach Florida a stockbroker formerly registered with Center Street Securities Inc. has been charged by Florida Office of Financial Regulation in an Administrative Complaint containing allegations that (1) Tucker engaged in outside business activities which were not disclosed to Center Street Securities and (2) Tucker sold exchange traded funds or…
Jerry Davis Raines of Kilgore Texas a stockbroker formerly registered with HD Vest Investment Services is referenced in a customer initiated investment related arbitration claim where the customer requested $2,250,000.00 in damages based upon accusations of Raines misrepresenting risks which pertained to Woodbridge Group of Companies investments sold to the customer during the time that…
Gary Lyle Pevey of Sacramento California a stockbroker formerly registered with Mutual Securities Inc. is referenced in a customer initiated investment related written complaint on April 29, 2019 where the customer requested $134,009.35 in damages founded on accusations that (1) the customer had been sold speculative and fraudulent investments which led the customer to experience…
Fredrick Martin Randhahn (also known as Frederick Randhahn and as Fred Randhahn) of Ogden Utah a stockbroker formerly employed by Sigma Financial Corporation has been fined $5,000.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Randhahn engaged in undisclosed and unapproved…
Michael Jason Collins of Chicago Illinois a stockbroker formerly registered with Robert W. Baird Co. 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 supported by findings that Collins sold away from his securities broker dealer employer. Letter of Acceptance Waiver…
David Lowell Knutson of Southfield Michigan a stockbroker formerly registered with CoreCap Investments Inc. is the subject of a Financial Industry Regulatory Authority (FINRA) investigation into whether Knutson violated federal securities laws or FINRA rules by engaging in outside business activities that failed to be disclosed by him to his securities broker dealer employer and…
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…
John Michael Krohn (also known as John Micheal Krohn) of West Des Moines Iowa a stockbroker formerly registered with Principal Securities Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought $28,000,000.00 in damages based upon accusations that large investments in companies that Krohn owned or controlled had been solicited…
Justine Zhou (also known as Jun Zhou) of Littleton Colorado a stockbroker formerly registered with The Leaders Group Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Zhou engaged in private securities transactions which included the sale of private real estate fund membership…
Michael Richard Mackay of Cincinnati Ohio a stockbroker formerly employed by Transamerica Financial Advisors Inc. is the subject of a customer initiated investment related arbitration claim where the customer requested $620,000.00 in damages founded on allegations that customers had been placed into inappropriate promissory notes which Mackay effected outside the auspices of the securities broker…
Robert David Meyers of Columbus Ohio a stockbroker formerly employed by Wells Fargo Clearing Services LLC has been fined $20,000.00 and suspended for twelve months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Meyers recommended and facilitated securities transactions for customers of Wells Fargo without having…
Aaron Chaim Lupuloff of Atlanta Georgia a stockbroker formerly employed by Stifel Nicolaus Company Incorporated is referenced in a customer initiated investment related arbitration claim where the customer sought $3,200,000.00 in damages supported by accusations that (1) the customer had been placed into corporate bonds through a private placement executed by Lupuloff and (2) fraudulent…
Robert Patrick Pachciarz of Naperville Illinois a stockbroker formerly employed by J.P. Morgan Securities LLC 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 Pachciarz took part in undisclosed private securities transactions involving the sale of a $500,000.00…
Thomas Stappas of Parsippany New Jersey a stockbroker formerly registered with Summit Equities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Stappas failed to comply with FINRA staff during an investigation into accusations of (1) undisclosed private securities transactions being…
Joseph Hersey Pratt II (also known as Joseph Hersey Butcher) of Conshohocken Pennsylvania a stockbroker formerly registered with Wells Fargo has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based in part on findings that Pratt executed private securities transactions during the time that he was employed by…
Brian John Bogart of McClean Virginia a stockbroker formerly registered with Purshe Kaplan Sterling Investments has been terminated from the securities broker dealer on February 4, 2019 during the time that he was under investigation by both Financial Industry Regulatory Authority (FINRA) and Purshe Kaplan Sterling Investments for possibly selling away from the securities broker…
James Marten Lamont of San Francisco California a stockbroker currently employed by Whitehall-Parker Securities Inc. has been fined $10,000.00 and suspended for eighteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Lamont sold promissory notes investments in Woodbridge Group of Companies LLC outside the auspices…
Andre Kapulenui Kaluna of Avondale Arizona a stockbroker formerly registered with LPL Financial LLC has been terminated from the securities broker dealer on February 8, 2019 based upon accusations that Kaluna engaged in outside business activities which had not been disclosed to LPL Financial LLC. FINRA Public Disclosure confirms that Kaluna is referenced in three…
Bobby Wayne Coburn of Fort Meade Florida a stockbroker formerly registered with Securities America Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that (1) Coburn failed to cooperate with a FINRA investigation into allegations of him selling away from Securities America and (2)…
Jesse Gil III of Corpus Christi Texas a stockbroker formerly registered with Allstate Financial Services LLC has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint containing accusations that (1) Gil converted funds belonging to an elderly widow whom Gil advised outside Allstate Financial Services’ auspices (2) Gil failed to…
Craig Anthony Zabala of New York New York a stockbroker formerly employed by John W. Loofbourrow Associates Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Zabala hindered a FINRA investigation into allegations of him engaging in private securities transactions and outside business…
Jeffrey Evan Sigman of Greenwood Village Colorado a stockbroker formerly registered with Neidiger Tucker Bruner Inc. has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Sigman engaged in undisclosed outside business activities while associated with the securities broker dealer. FINRA Arbitration…
Lawrence James Rizer of Boardman Ohio a stockbroker formerly registered with NYLife Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings of his conversion of funds while engaging in an outside business activity. Letter of Acceptance Waiver and Consent No. 2017054157401…
William Andrew Hightower of Houston Texas a stockbroker formerly registered with Legacy Asset Securities Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought unspecified damages supported by accusations that (1) the customer’s account had been liquidated by Hightower without the customer’s authorization and (2) funds were improperly used to…
James Paul Kolf of Madison Wisconsin a stockbroker formerly registered with MetLife Securities Inc. has been barred from being a stockbroker or an investment adviser or associating with securities broker dealers or investment advisories according to an Order Instituting Administrative Proceedings, Making Findings and Imposing Remedial Sanctions issued by Securities Exchange Commission (SEC) based upon…
Gerald Lee Brodsky of New York New York a stockbroker formerly registered with Dinosaur Financial Group L.L.C. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Brodsky failed to cooperate with an investigation concerning his outside business activities. Letter of Acceptance, Waiver and Consent…
Robert Hayes Hoffman of Indianapolis Indiana a stockbroker formerly registered with Woodbury Financial Services has been barred from being a stockbroker in the State of Indiana according to an Indiana Securities Division Order based upon findings of Hoffman being expelled from a self-regulatory organization for misconduct in the securities industry. Case No. 18-0001 SB (Jan….
Joseph Alan Likens of Des Peres Missouri a stockbroker employed by LPL Financial LLC has been barred from being a stockbroker or an investment adviser representative in the State of Missouri according to a Consent Order issued by the State of Missouri Office of Secretary of State containing findings that Likens engaged in unethical and…
Kevin Richard Graetz of Portland Oregon a stockbroker formerly registered with Paulson Investment Company has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that Graetz neglected to respond to FINRA’s information request potentially relating to his disclosures of customer initiated investment related disputes or his…
James Ernest Joly (also known as Jim Joly) of East Greenwich Rhode Island a stockbroker formerly registered with Voya Financial Advisors Inc. has been discharged on July 10, 2018 founded on accusations that (1) Joly preserved Voya Financial Advisors customer account documents that were signed but otherwise blank so that he could effect transactions in…
Partho Sarathi Ghosh of New York New York a stockbroker registered with NYLife Securities LLC has been fined $25,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Extended Hearing Panel Decision containing findings that Ghosh engaged in undisclosed outside business activities. Department…
Bryan Joseph Clark of Atascadero California a stockbroker employed by Madison Avenue Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Clark failed to cooperate with FINRA personnel during an investigation into accusations of (1) Clark engaging in outside business activities that…
Leonard John Kuczynski of Charlotte North Carolina a stockbroker registered with Innovation Partners LLC has been fined $10,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Kuczynski engaged in outside business activities without disclosing them to the securities broker…
Roger Lee Owens of Elkton Maryland a stockbroker employed by Cetera Advisors LLC has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings of Owens engaging in private securities transactions in which he sold Cetera customers promissory notes in Woodbridge Group of Companies…
Timothy John Beall of Eau Claire Michigan a stockbroker registered with National Planning Corporation is the subject of a customer initiated investment related arbitration claim where the customer requested $700,000.00 in damages founded on allegations that (1) Beall executed the customer’s purchase of GrowCo Inc. away from National Planning Corporation without the securities broker dealer’s…
William Roy Kimberlin of Dallas Texas a stockbroker registered with MetLife Securities Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested $15,000.00 in damages based upon accusations that securities laws had been violated by way of false and misleading statements being made to the customer about an…
William August Glaser (also known as Bill August Glaser) of Saint Albans Missouri a stockbroker registered with National Planning Corporation is referenced in a customer initiated investment related arbitration claim which was resolved for $600,000.00 in damages founded on accusations that (1) false or misleading statements had been made to the customer concerning promissory note…
David John Volpe of Scottsdale Arizona a stockbroker registered with First Financial Equity Corporation has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Volpe neglected to cooperate with FINRA personnel when he was being investigated for selling away or otherwise borrowing funds from customers…
Ken Kavanagh (also known as Kenneth Joseph Kavanagh and as Kenneth Kavanaugh) of New York New York a stockbroker registered with Morgan Stanley has been fined $25,000.00 and suspended for eighteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Kavanagh engaged in undisclosed outside business…
Darrell Walter Rideaux of Los Angeles California a stockbroker employed by Morgan Stanley is the subject of a customer initiated investment related arbitration claim which was resolved for $130,000.00 in damages supported by allegations that an unauthorized investment solicited by Rideaux when he was employed by Morgan Stanley caused the customer to incur unwarranted losses….
Jerry Lou Guttman of Phoenix Arizona a stockbroker employed by United Planners’ Financial Services of America is referenced in a customer initiated investment related arbitration claim where the customer sought $1,700,000.00 in damages founded on accusations that (1) false or misleading statements were made to the customer by Guttman in regards to LLC membership interests…
Lisa Acca of Bay Ridge New York a stockbroker registered with Arive Capital Markets has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Acca failed to submit documentation to FINRA and provide testimony in the course of a FINRA investigation into allegations of her…
Michael Thomas Lee of Darien Connecticut a stockbroker formerly registered with Kestra Investment Services LLC has been fined $12,500.00 and suspended for one year from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that (1) Lee participated in the Origin Fund as an outside business activity without disclosing…
Diane Qun Zhu of San Francisco California a stockbroker formerly registered with PFS Investments Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Zhu obstructed a FINRA investigation into allegations of her potential outside activities referenced by PFS Investments Inc. when Zhu had…
James Hal Heafner of Charlotte North Carolina a stockbroker formerly registered with Taylor Capital Management Inc. (now known as TCM Securities Inc.) has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Heafner neglected to cooperate with FINRA during the time in which he was…
Christopher John Calandrino (also known as Chris Calandrino) of Coram New York a stockbroker formerly registered with Cape Securities Inc. has been suspended on March 19, 2018 from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that Calandrino failed to comply with his obligations to pay a customer…
Eric Jason Savell of Roseville California a stockbroker formerly employed by LPL Financial LLC has been fined $10,000.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that (1) Savell engaged in outside business activities without disclosing them to LPL Financial and (2)…
Tina Marie Martinez of Yakima Washington a stockbroker formerly registered with Farmers Financial Solutions LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Martinez failed to cooperate with FINRA personnel during an investigation into her life insurance business. Letter of Acceptance Waiver and…
Brenda Ann Smith (also known as Brenda Smith Peterman) of West Conshohocken Pennsylvania a stockbroker and principal formerly registered with CV Brokerage Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Smith neglected to cooperate with FINRA personnel during an investigation…
Jonathan Douglas Freeze (also known as Jon Freeze) of Canonsburg Pennsylvania a stockbroker formerly registered with Fortune Financial Services Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought $330,000.00 in damages based upon accusations that Freeze solicited and obtained the customer’s funds for purposes of a direct investment in…
Jeffrey Alan Blutstein of Holbrook New York a stockbroker formerly employed by Kestra Investment Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Blutstein neglected to cooperate with a FINRA investigation into accusations of Blutstein engaging in outside business activities that he…
Michael Richard Mackay of Cincinnati Ohio a stockbroker formerly registered with Transamerica Financial Advisors Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Mackay failed to comply with a FINRA investigation concerning allegations of Mackay having referred customers of Transamerica Financial…
Frank John Capuano of Holyoake Massachusetts a stockbroker formerly registered with Royal Alliance Associates Inc. is the subject of a customer initiated investment related arbitration claim which was settled for $100,000.00 in damages supported by accusations that the customer had been placed into unauthorized investments which were part of a Ponzi Scheme. Financial Industry Regulatory…
Carlos Antonio Rodriguez of Plano Texas a stockbroker formerly registered with UBS Financial Services Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought more than $3,600,000.00 in damages founded on allegations that (1) the customer had been placed into oil and gas master limited partnerships and mutual funds…
David Richard Geake of Northbrook Illinois a stockbroker formerly employed by Ausdal Financial Partners has been discharged by the firm on September 14, 2018 supported by allegations that Geake engaged in private securities transactions or selling away without disclosing them to the firm and obtaining the firm’s permission beforehand. Financial Industry Regulatory Authority (FINRA) Public…
Mark Gregory Raezer of Aurora Colorado a stockbroker formerly employed by Taylor Capital Management Inc. has been fined $15,000.00 and suspended for ten months from associating with any FINRA member in any capacity supported by accusations that Raezer engaged in private securities transactions during the time he was employed by the firm. Letter of Acceptance,…
Jeffrey Paul Schwebach of Dell Rapids South Dakota a stockbroker formerly registered with Independent Financial Group LLC has been suspended for eight months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings of Schwebach selling Woodbridge promissory notes away from Independent Financial Group LLC. Letter of…
Zvi Ben-Zvi of New York New York a stockbroker formerly registered with Paulson Investment Company 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 Ben-Zvi engaged in unapproved private securities transactions during the time he was associated with…
Michael Scott Lincoln of San Diego California a stockbroker formerly employed by LPL Financial LLC is referenced in a customer initiated investment related arbitration claim which was settled for $275,000.00 in damages founded on allegations that (1) trades placed in the customer’s investment account were unsuitable for the customer (2) the customer’s investment affairs were…
Thomas Edmund Connors of Toms River New Jersey a stockbroker formerly employed by International Assets Advisory LLC has been discharged by the firm on November 6, 2017 supported by accusations that Connors spoke with customers of the firm during the time that he was suspended by FINRA for engaging in outside business activities. Specifically, Financial…
Darrin Barton Farrow of Rocky River Ohio a stockbroker formerly employed by Royal Alliance Associates Inc. is the subject of a customer initiated investment related arbitration claim in which the customer sought $250,000.00 in damages supported by allegations that the customer was sold unregistered securities during the time Farrow was associated with Royal Alliance Associates…
Kyung Soo Kim of Katy Texas a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Inc. has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Kim engaged in outside business activities without having notified Merrill Lynch during the…
Nina Sue Jessee (also known as Nina Campbell Jessee) of Abington Virginia a stockbroker formerly employed by Cetera Advisors LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Jessee neglected to comply with FINRA during its investigation into accusations of (1)…
John William Hoekman of New York New York a stockbroker formerly employed by Wells Fargo Advisors LLC is referenced in a customer initiated investment related arbitration claim which was settled for $390,000.00 in damages founded on accusations that (1) omissions had been made to the customer during a time that the customer was steered by…
Nicolas Jesus Barrios of Winter Haven Florida a stockbroker and Production Branch Manager formerly employed by UBS 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 Barrios failed to cooperate with FINRA during an investigation into accusations of (1)…
Michael Ross Highfill of Ridgeland Mississippi a stockbroker formerly employed by Merrill Lynch Pierce Fenner Smith Incorporated is referenced in a customer initiated investment related complaint which was resolved on June 22, 2016 for $215,000.00 in damages supported by accusations that (1) Highfill inappropriately steered the customer towards loaning Highfill funds in connection with an…
James F. Anderson of Dakota Dunes South Dakota a stockbroker formerly employed by Ameritas Investment Corp. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon Anderson’s consent to findings that he failed to cooperate with an investigation launched by FINRA in regard to allegations of Anderson…
Alberto Sanchez of Fort Lauderdale Florida a stockbroker formerly registered with Sagepoint Financial Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon Sanchez’s consent to findings that Sanchez obstructed a FINRA investigation into accusations of Sanchez having engaged in outside business activities that were seemingly…
Gregory Alan Levine (also known as Greg Alan Levine) of Fort Lauderdale Florida a stockbroker formerly employed by First Allied Securities has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that Levine neglected to respond to an inquiry that FINRA made regarding his activities possibly…
David Michael Apted of Saint Louis Missouri a stockbroker formerly registered with Forest Securities Inc. has been discharged by the firm on February 28, 2018 based upon its accusations that (1) Apted engaged in an outside business activity without either disclosing it to the firm or obtaining its approval (2) Apted submitted fraudulent documentation to…
Jeffrey Michael Johnson (also known as Jeff Michael Johnson) of Birmingham Michigan a stockbroker formerly registered with Morgan Stanley has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Johnson failed to comply with the terms of a FINRA Arbitration Award. Case No….
Alejandro Ariel Torres of Miami Florida a stockbroker formerly registered with Global Strategic Investments LLC is the subject of a customer initiated investment related arbitration claim which was settled for $32,500.00 in damages founded on accusations that misrepresentations had been made to the customer by Torres in regard to the customer’s investments and (2) investments…
Brian Carey Sak of Deerfield Illinois a stockbroker formerly employed by Morgan Stanley is referenced in a customer initiated investment related arbitration claim which was resolved for $30,000.00 in damages founded on accusations that Sak failed to repay the customer funds that were due according to the terms of promissory notes executed by Sak and…
Michael Lester Carter of Henderson Nevada a stockbroker formerly employed by Foresters Equity 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 accusations that Carter sold away from the securities broker dealer by selling promissory notes to an investor. Letter of…
Mark Lewton Hopkins of Grand Blanc Michigan a stockbroker formerly registered with American Portfolios 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 Hopkins failed to comply with a FINRA investigation into allegations of (1) Hopkins taking possession of…
Philip John Nalesnik of Pottsville Pennsylvania a stockbroker formerly registered with LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Nalesnik hindered a FINRA investigation into accusations of (1) Nalesnik engaging in outside business activities in violation of the…
Joseph Hersey Pratt (also known as Joseph Hershey Butcher and J.H. Pratt) of Conshohocken Pennsylvania a stockbroker currently registered with Stifel Nicolaus Company is referenced in a Financial Industry Regulatory Authority (FINRA) investigation in which FINRA conveyed that its Department of Enforcement should take disciplinary action against Pratt for allegedly (1) engaging in private securities…
William Joseph Kielczewski of Toledo Ohio a stockbroker formerly registered with The Huntington Investment Company has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that (1) Kielczewski partook in private securities transactions without notifying the firm beforehand and (2) Kielczewski falsified information to the firm concerning the private…
Phillip Andrew Johnson of Nashville Tennessee a stockbroker formerly employed by SunTrust Investment Services Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that Johnson refused to respond to a FINRA information request. Case No. 2018056846001 (Sept. 24, 2018). According to FINRA Public Disclosure,…
Rodger Sprouse of Overland Park Kansas a stockbroker currently employed by Titan Securities of Addison Texas (CRD No. 131392) of is the subject of an investment related civil action in the Circuit Court of Jackson County Missouri where the investor sought $210,000.00 in damages based upon accusations that Sprouse sold the investor a structured cash…
Jesse Gil III of Corpus Christi Texas a stockbroker currently registered with Allstate Financial Services LLC is the subject of a Financial Industry Regulatory Authority (FINRA) Wells Notice which indicated that FINRA Department of Enforcement should take disciplinary action against Gil supported by accusations that (1) Gil engaged in outside business activities without disclosing them…
Ken Alan Balser of Colorado Springs Colorado a stockbroker formerly employed by Cetera Advisors LLC is referenced in a Colorado Division of Securities Stipulation and Consent Order which revoked Balser’s sales representative licensure and investment adviser license based upon the Division’s findings that Balser sold investments to customers away from Cetera Advisors LLC. Case No….
Paul Joseph Godlewski of Coatesville Pennsylvania a stockbroker formerly registered with Allstate Financial Services LLC is referenced in a customer initiated investment related arbitration claim which was settled for $28,000.00 in damages supported by allegations that (1) Godlewski solicited a customer’s private placement investment outside the firm’s auspices causing a customer losses and (2) Allstate…
Perry De Leeuw of Duluth Georgia a stockbroker formerly registered with PFS Investments Inc. is the subject of a customer initiated investment related arbitration claim which was resolved for $100,000.00 in damages based upon allegations that the customer sustained losses on money provided to Leeuw for an outside business investment that Leeuw supposedly concealed from…
Michael Milad Tanha (also known as Mikey Tanha) of Beverly Hills California a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated has been fined $15,000.00 and suspended for ten months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Tanha engaged in…
James Edward Bashaw of Houston Texas a stockbroker formerly employed by LPL Financial LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Bashaw engaged in impermissible customer loan arrangements while associated with LPL Financial. Letter of Acceptance Waiver and Consent No….
Corey Lee Mireau of Eden Prairie Minnesota a stockbroker formerly registered with Ameriprise Financial Services Inc. has been fined $15,000.00 and suspended for two years from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Mireau engaged in unapproved outside business activities (2) Mireau executed…
Michael Paul Lessard Jr. of Rock Hill South Carolina a stockbroker formerly employed by Southeast Investments N.C. Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Lessard engaged in unauthorized customer loan agreements while registered with Southeast Investments N.C. Inc. and…
Thomas H. Laws of Silver City New Mexico a stockbroker formerly employed by HD Vest Investment Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Laws failed to provide FINRA with recorded testimony in its investigation into allegations of Laws’ involvement…
Jason Barrett Lane of New York New York a stockbroker formerly registered with Wells Fargo Clearing Services LLC 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 Lane engaged in unapproved outside business activities during the time that he was associated…
Nina Sue Jessee (also known as Nina Campbell Jessee) of Abingdon Virginia a stockbroker formerly employed by Investors Capital Corp. is the subject of a customer initiated investment related written complaint which was resolved for $20,000.00 on February 13, 2019 based upon accusations that the customer was placed in real estate securities which were inappropriate…
Gary Arthur Forrest of Flint Michigan a stockbroker formerly employed by American Portfolio Financial Services has been fined $5,000.00 and suspended for ten months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Forrest engaged in unapproved private securities transactions. Letter of Acceptance Waiver and…
Nicholas Brent Maddox of Laguna Niguel California a stockbroker formerly registered with TCFG Wealth Management LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Maddox failed to cooperate with FINRA’s request for information about his business activities. FINRA Case No. 2017056677901 (Nov. 26,…
Dennis Allen Hayes of Boca Raton Florida a stockbroker formerly employed by Newbridge Securities Corporation has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a FINRA Office of Hearing Officers Order Accepting Offer of Settlement containing findings that (1) Hayes engaged in private securities transactions while…
Joseph Peter Gulbin Jr. of Shelton Connecticut a stockbroker formerly employed by Pruco Securities LLC has been discharged by the firm on November 9, 2018 founded on accusations that (1) Gulbin participated in outside business activities which had not been disclosed to Pruco Securities or approved by the firm and (2) Gulbin furnished insurance policy…
John Dale Ernst of San Diego California a stockbroker formerly employed by Foresters Equity Services Inc. has been fined $5,000.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Ernst engaged in private securities transactions involving the sale of Woodbridge promissory notes….
Scott Patrick Klor of Fort Mill South Carolina a stockstockbroker formerly registered with LPL Financial LLC has been fined $5,000.00 and suspended for fourteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in securities transactions away from LPL Financial LLC and…
Price A. Breville of Staten Island New York a stockbroker formerly registered with Mutual of Omaha Investor Services Inc. has been discharged on December 5, 2018 founded on allegations that Breville engaged in impermissible business activities concerning a customer’s purchase or sale of an insurance product. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that…
George Mackley Robertson of Darien Connecticut a stockbroker formerly registered with Kestra Investment Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Robertson sold away from Kestra Investment Services (2) Robertson engaged in outside business activities without disclosing them…
Kenneth Marc Hutkin of New York New York a stockbroker formerly employed by Morgan Stanley Wealth Management has been discharged by the firm on September 24, 2018 based upon accusations that (1) Hutkin engaged in outside business activities without having disclosed them to the firm and (2) Hutkin received compensation for activities that had not…
Donovan St. Anthony Hunter of Houston Texas a stockbroker formerly employed by J.P. Morgan Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to comply with FINRA’s investigation into accusations that Hunter engaged in unapproved outside business activities…
Eric Eugene Ott of Cincinnati Ohio a stockbroker formerly registered with MML Investors Services LLC has been fined $15,000.00 and suspended for thirteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Ott executed the unauthorized purchases of life insurance policies held in…
Leon William Vaccarelli of Waterbury Connecticut a stockbroker formerly registered with The Investment Center has been indicted for wire fraud and mail fraud based on allegations that he engaged in a scheme which victimized elderly customers. United States v. Leon Vaccarelli No. 18-cr-g2-SRU (D. Conn May 2, 2018). On May 29, 2019, the Securities and…
Michael John Rappa of San Diego California a broker formerly employed by Foresters Equity Services Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Rappa failed to cooperate with FINRA personnel who had been investigating Rappa’s possible unauthorized private securities transactions….
Thomas Edward Sova of Baton Rouge Louisiana a stockbroker formerly registered with Hornor Townsend Kent Inc. has been fined $5,000.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Sova sold away from the firm by selling Woodbridge Group of…
John Andrew Kasel of Scottsdale Arizona a stockbroker formerly employed by KMS 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 consenting to findings that he engaged in unapproved outside business activities while registered with the firm. Letter of Acceptance…
John A. Crumb of Macedon New York a stockbroker formerly employed by LPL Financial LLC has been fined $12,500.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Crumb engaged in outside business activities that were not disclosed to LPL…
Robert A. Perconte of Port St. Lucie Florida a stockbroker formerly employed by Ameriprise Financial Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that Perconte neglected to respond to FINRA’s request for information which possibly concerned Perconte’s possible outside business activities as referenced…
Guy Stanley Waltman of Princeton New Jersey a stockbroker currently employed by UBS 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 consenting to findings that Waltman failed to disclose his trading of a customer’s accounts at an outside firm….
Kejuan Yang of New York New York a former Northwestern Mutual Investment Services registered representative has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Yang sold away from T3 Trading Group. Letter of Acceptance Waiver and Consent No. 2016050545001…
Dung Thanh Nguyen of Houston Texas a stockbroker formerly registered with MetLife Securities Inc. has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Nguyen engaged in undisclosed outside business activities while employed by the firm. Letter of Acceptance Waiver and Consent No. 2016050536901 (Apr….
Floyd Earl Powell of Albertville Alabama a stockbroker formerly employed by MML Investors Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Powell engaged in private securities transactions while associated with the firm. Letter of Acceptance Waiver and Consent No….
Thomas Anthony Gallo of New York New York a stockbroker formerly registered with Corinthian Partners LLC has been fined $10,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he made misrepresentations concerning promissory notes that had been sold by…
Dexter Leroy Thomas of Dallas Texas a stockbroker formerly employed by United Planners’ Financial Services of America A Limited Partner has been discharged from employment on August 2, 2018 supported by allegations that (1) Thomas maintained a number of private investments and loans with customers of United Planners’ Financial Services of America wherein those investments…
Matthew Leon White of Little Rock Arizona a broker formerly employed by MML Investors Services LLC has been fined $5,000.00 by Arkansas based upon consenting to the Arkansas Securities Department’s findings that White sold away from his firm. Case No. S-18-0105 (Oct. 17, 2018). According to the Order, prior to White having become registered with…
Gregory Jackson Baxter of Fresno California a stockbroker formerly registered with UBS Financial Services Inc. has been discharged by the firm on November 29, 2017 based upon allegations that he engaged in outside business activities in 2017 after his requests for engaging in those activities had already been denied by the firm. Financial Industry Regulatory…
Vincent Joseph Storms of Saint Petersburg Florida a broker formerly registered with Raymond James Associates Inc. has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that (1) Storms falsified information to FINRA in regard to his handling of outside business activities supervisory procedures and (2) Storms neglected to…
Herbert H. Hafen of New York New York a stockbroker formerly employed by Wells Fargo Clearing Services LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Hafen failed to provide a response to FINRA after an inquiry was made into his activities possibly…
James Hal Heafner (also known as Jim Heafner) of Charlotte North Carolina a stockbroker formerly registered with Taylor Capital Management Inc and former investment adviser representative of Retirement Wealth Advisors is the subject of a customer initiated investment related arbitration claim in which the customer requested $268,015.79 in damages founded on allegations that (1) inappropriate…
Aaron Robert Parthemer of Fort Lauderdale, Florida has been fined $160,000.00 and barred from being a broker or investment adviser or otherwise associating with any brokers or investment advisories according to an Order Making Findings and Imposing Sanctions Pursuant To Securities Exchange Act of 1934 Section 15(b), Investment Advisers Act of 1940 Section 203(f) and…
Jay R. Weiser of Collinsville Illinois a stockbroker formerly employed by DesPain Financial Corporation has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Weiser failed to cooperate with FINRA’s investigation into accusations of hm selling promissory notes and securities interests away from…
Daniel Todd Levine of Greenwood Village Colorado a stockbroker formerly employed by Morgan Stanley has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Levine failed to cooperate with FINRA’s investigation into accusations that (1) Levine engaged in unauthorized trading of customer accounts…
James Wayne Brink of Stockton California a prior broker of NYLife Securities LLC has been discharged by the firm on December 29, 2016 founded on accusations that (1) Brink engaged in outside business activities without having procured the firm’s permission and (2) Brink violated the firm’s policy by engaging in activities when Brink took possession…
Grant P. Talbert of Lexington Kentucky a stockbroker formerly registered with NYLife Securities LLC has been fined $15,000.00 and suspended for sixteen months from being an investment adviser representative, investment adviser, agent or broker-dealer in the State of Kentucky based upon findings that (1) Talbert and an investment adviser entered into a solicitor relationship without…
Steven Eugene Bonner of Campbell California a stockbroker formerly employed by Principal Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Bonner neglected to comply with FINRA’s information requests. Case No. 2017052748201 (July 14, 2017). Evidently, FINRA made attempts at procuring information…
Gary Lyle Pevey of Sacramento California a stockbroker formerly registered with Mutual Services Inc. has been fined $10,000.00 and suspended for twelve months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he sold away from his firm. Letter of Acceptance Waiver and Consent No….
Dennis Allen Hayes of Melville New York a stockbroker formerly registered with Newbridge Securities Corporation has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that (1) Hayes sold away from Newbridge Securities Corporation (2) Hayes failed to document his communications with the firm regarding his activities and (3)…
Laura Anne Parker of Austin Texas a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Inc. has been discharged from the firm on September 23, 2016 supported by accusations that she neglected to inform her firm about an outside business activity that she had engaged in while associated with the firm. Financial Industry Regulatory…
Patrick Thomas Golden of Charlotte North Carolina a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith has been fined $15,000.00 and suspended for twenty months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Golden engaged in private securities (2) Golden engaged in…
Ralph Richard Von Lutzow of Sarasota Florida a stockbroker formerly registered with Oberweis Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Von Lutzow engaged in private securities transactions involving customers of the firm (2) Von Lutzow accepted customer…
Dennis Changseop Lee of Middle Villages New York a stockbroker formerly employed by AXA Advisors LLC has been fined $15,000.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he mismarked customers’ order tickets and failed to disclose his discretionary…
Scott Edward Burns of Monroe Michigan a stockbroker formerly registered with LPL Financial LLC has been discharged on August 14, 2018 based upon the firm’s accusations that Burns committed a violation of LPL Financial LLC’s policy by way of engaging in unapproved outside business activities during the time that he was employed with the firm….
Seth Andrew Nannini of Charlotte North Carolina a stockbroker currently registered with Capital Investment Group has been fined $7,500.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Nannini engaged in https://securitiesarbitrations.com//selling-away/unauthorized private securities transactions. Letter of Acceptance Waiver and…
Nicholas Randolph Radke Jr. of Irvine California a stockbroker formerly employed by American Independent Securities Group LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to provide FINRA with documentation and information in an investigation into accusations of Radke…
Yuhong Zhou of Radnor Pennsylvania a former Transamerica Financial Advisors Inc. broker has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Zhou failed to provide FINRA with information in regard to his business activities. Case No. 2018056902801 (June 11, 2018). FINRA Public Disclosure reveals…
Christopher C. Hellman of Boca Raton Florida a stockbroker formerly employed by Merrill Lynch Pierce Fenner Smith Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Hellman failed to cooperate with FINRA personnel in an investigation into Hellman’s alleged private securities…
Michael Dennis Jackson of University Place Washington a stockbroker formerly registered with Securities America 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 based upon consenting to findings that (1) Jackson engaged in selling away (2) Jackson effected unauthorized trades in…
Mitchell Allen Kurtz of Roslyn Heights New York a stockbroker formerly employed by Henley Company LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he obstructed a FINRA investigation into accusations that Kurtz violated Securities and Exchange Commission (SEC) and FINRA…
Noel Carino of North Kansas City Missouri a stockbroker formerly employed by General Securities Corp has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate with FINRA’s investigation into accusations of (1) Carino engaging in unapproved outside business activities…
Martin Thomas Jones of New York New York a stockbroker formerly employed by Goldman Sachs Co. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Jones failed to provide information to FINRA personnel that was requested of him. Case No. 2015048052901 (Apr. 10, 2017)….
John Robert McGinnis of Escondido California a stockbroker formerly employed by RBC Capital Markets is referenced in a customer initiated investment related arbitration claim which was resolved for $652,000.00 in damages supported by accusations that between 2009 and 2015: (1) McGinnis sold the customer private placement investments outside the auspices of RBC Capital Markets (2)…
Frank Roland Dietrich, of Lake Forrest, California, formerly associated with Quest Capital Strategies, Inc. was barred by the Financial Industry Regulatory Authority in connection with the sale of Woodbridge Group related securities. Letter of Acceptance Waiver & Consent, No. 2018057197801 (November 26, 2018). Dietrich, betwen 2013 and 2017, was found to have solicited fifty eight…
Christopher Anthony Paganelli of Walnut Creek California a stockbroker formerly registered with UBS Financial Services Inc. was discharged by the firm on July 6, 2017 founded on allegations that Paganelli violated the firm’s policy by having engaged in unapproved outside business activities between October 3, 2016 and February 23, 2017. Financial Industry Regulatory Authority (FINRA)…
David Carl Ferwerda of Grand Rapids Michigan a stockbroker formerly registered with Signator Investors Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to comply with FINRA in an investigation concerning his alleged unapproved private securities transactions. Letter of…
Judith Ann Bufis of East Brunswick New Jersey a stockbroker formerly registered with Kovack Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that she failed to cooperate in a FINRA investigation into accusations against Bufis of selling away. Letter of…
Gary Alan Meier of Vancouver Massachusetts a stockbroker and investment advisor representative formerly employed by Pacific West Securities Inc. and Pacific West Financial Consultants Inc. is referenced in a Consent Order issued by the Washington State Department of Financial Institutions Securities Division in which Meier has been fined and suspended from engaging in investment advisory…
Robert Jay Myers of Greenwood Village Colorado a stockbroker formerly employed by MML Investors Services LLC has been fined $20,000.00 and suspended for one year from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in undisclosed outside business activities. Letter of Acceptance Waiver…
Kenneth Paul Collins Jr of Tucson Arizona a stockbroker formerly registered with Union Capital Company has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that Collins failed to provide FINRA with a response to its request for Collins’ information. Case No. 2016052044201 (June 20, 2017)….
Richard Bruce Sladek of Coeur D’Alene Idaho a stockbroker formerly employed by Merrill Lynch Pierce Fenner Smith Inc. has been discharged by the firm on August 16, 2017 founded on accusations that Sladek violated Merrill Lynch’s policies by failing to inform the firm about his outside business activities and having participated in an unauthorized financial…
CIM Securities LLC (also known as Brookline Capital Markets) a brokerage firm headquartered in Centennial Colorado has been censured and fined $15,000.00 by Financial Industry Regulatory Authority (FINRA) based upon the firm’s consent to findings that its failed to supervise three registered representatives’ private securities transactions. Letter of Acceptance Waiver and Consent No. 2017052070001 ….
Jon Richard Pariser of Pacific Grove California a stockbroker formerly registered with Independent Financial Group LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate with FINRA’s investigation into Pariser’s referral of customers to an unregistered individual who…
Tyler V. Schultz of Meridian Idaho a stockbroker formerly registered with MML Investors Services LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that Schultz declined to provide FINRA information about his business activities or sales practices after it had been requested of him…
Sidney Joseph Dufresne Jr. of New Orleans Louisiana a stockbroker formerly registered with Signator Investors Inc. 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 consenting to findings that he engaged in outside business activities. Letter of Acceptance Waiver and…
Callum Joseph Fraser Maclean of Boston Massachusetts a stockbroker employed by Moors Cabot Inc. has been ordered by the Massachusetts Securities Division to be placed on heightened supervision as a condition of registering as a broker-dealer agent of the firm according to a Consent Order containing findings that Maclean engaged in unauthorized outside business activities…
John Halsey Buck III of Boston Massachusetts a stockbroker formerly registered with Morgan Stanley has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Buck obstructed FINRA’s investigation into allegations that he engaged in unauthorized private securities transactions. Letter of Acceptance Waiver and…
Jay R. Weiser of Collinsville Illinois a stockbroker formerly employed by Despain Financial Corporation has been discharged by the firm on June 22, 2018 based upon customers’ allegations that Weiser sold them life insurance products and regulation D investment products that were inappropriate for the customers. Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally confirms…
Bryon Leonel Reyes of Lafayette Louisiana a stockbroker formerly employed by UBS Financial Services Inc. has been discharged by the firm on April 26, 2018 supported by allegations that (1) Reyes failed to inform UBS about his outside business activities and investments after Reyes had already been reprimanded by the firm for his non-disclosures and…
Michael John Rappa of San Diego California a stockbroker formerly registered with Foresters Equity Services Inc. is referenced in a customer initiated investment related arbitration claim where the customer requested $75,000.00 in damages supported by accusations that Rappa poorly advised the customer concerning real estate security transactions executed away from the firm. Financial Industry Regulatory…
Kenneth Edward Greer Jr. of Acton Massachusetts a stockbroker formerly employed by Liberty Tree Advisors LLC has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Greer partook in undisclosed outside business activities. Letter of Acceptance Waiver and Consent No….
Atiq Urrehman Khan (also known as Daniel Khan) of Covina California a stockbroker formerly employed by Transamerica Financial Advisors Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon Khan’s consent to findings that he obstructed a FINRA investigation into allegations of his unapproved solicitation of…
Partho Sarathi Ghosh of New York New York a stockbroker formerly registered with NYLife Securities LLC has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that Ghosh participated in an undisclosed outside business activity involving his marketing of finance solutions to prospective customers. Department of Enforcement v. Partho…
Raymond Keith Malicki of Easton Pennsylvania a stockbroker formerly employed by Morgan Stanley Wealth Management has been terminated from the firm on July 12, 2018 based upon allegations that Malicki executed transactions in a customer’s account held away from the firm. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Malicki is referenced in three…
Philip John Nalesnik of Pottsville Pennsylvania a stockbroker formerly registered with LPL Financial LLC has been discharged by the firm on July 8, 2018 supported by allegations that Nalesnik engaged in outside business activities in violation of LPL Financial’s policy, and failed to be forthcoming to the firm when questioned about his activities. Financial Industry…
George Louis McCaffrey III of Englewood Colorado a stockbroker formerly registered with NTB Financial Corporation has been fined $15,000.00 and suspended for eighteen months from associating with any FINRA member in any capacity based upon consenting to findings that he engaged in private securities transactions. Letter of Acceptance Waiver and Consent No. 2017056104701 (Sept. 10,…
Robert Matthew Krieger of New York New York a stockbroker formerly employed by LPL Financial LLC has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in outside business activities without disclosing them to LPL Financial. Letter of…
Rick Dean Holt (also known as Rickie Dean Rasmussen) a formerly ProEquities Inc. registered representative has been discharged by ProEquities on July 27, 2018 based upon accusations that Holt failed to inform the firm about his outside business activities concerning another broker dealer or investment advisory. Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally reveals…
Gretchen Jenkins of Rochester New York a stockbroker formerly registered with LPL Financial LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that Jenkins failed to provide FINRA personnel with information after an inquiry was made by FINRA into her activities. Case No. 2018057783001…
James Arthur Kujawski of Annapolis Maryland a stockbroker formerly employed by UBS Financial Services Inc. has been fined $10,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in private securities transactions and outside business activities. Letter of…
Brandon M. Williams of Madison Wisconsin a stockbroker formerly registered with BMO Harris Financial Advisors Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he failed to respond to FINRA’s request for Williams’ information. Case No. 2017055123601 (Nov. 22, 2017). On November 22,…
David Woods Unsworth Jr. of San Francisco California a stockbroker formerly employed by National Securities Corporation has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Unsworth engaged in private securities transactions. Letter of Acceptance Waiver and Consent No. 2016050066401…
Christopher Todd Gross of San Diego California a stockbroker formerly registered with Raymond James Associates Inc. has been discharged by the firm on December 14, 2015 founded on accusations that Gross (1) engaged in an outside business activity that was not properly disclosed to the firm and (2) engaged in unauthorized correspondence concerning his outside…
Darnell Kenneth Mote of Jacksonville Florida a stockbroker formerly registered with Wells Fargo Advisors LLC has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in an undisclosed outside business activity while employed by Wells Fargo. Letter of…
Hayes Griffin Miller of Garden City New York a stockbroker formerly registered with Morgan Stanley has been terminated by the firm on September 26, 2017 based upon accusations that Miller accepted a fee payment pertaining to an investment banking transaction that had been executed without the firm’s permission. On October 10, 2017, Miller became employed…
Mark Brian Quimby of Tampa Florida a stockbroker formerly employed by Allstate Financial Services LLC has been fined $10,000.00 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 sold away from the firm. Letter of Acceptance Waiver and Consent…
Melanie Haning of Las Vegas Nevada a stockbroker formerly registered with UBS Financial Services Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that Haning failed to provide information to FINRA after it was formally requested of her. Case No. 2017056399901 (Apr. 12, 2018)….
Caroline Novak of Menlo Park California a stockbroker formerly employed by Merrill Lynch Pierce Fenner Smith Incorporated has been terminated on December 15, 2017 supported by accusations that Novak neglected to inform Merrill Lynch about her engagement in an outside business activity. Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally confirms that on August 31,…
William Jeremiah Thompson of Alpharetta Georgia a stockbroker formerly employed by Investacorp Inc. has been discharged by the firm on September 8, 2015 founded on allegations that Thompson failed to abide by the policies and rules of the firm relating to investments authorized by the firm to be sold. Financial Industry Regulatory Authority (FINRA) Public…
Alex Gerardo Herrera of Coral Gables Florida a stockbroker formerly employed by UBS 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 he failed to cooperate in a FINRA investigation into accusations of his involvement in private securities transactions…
Frank Howard Zito of Ridgeland Mississippi a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Inc. has been discharged by the firm on June 25, 2018 supported by accusations that Zito failed to abide by the firm’s policies concerning outside business activities disclosures and selling away from the firm. Financial Industry Regulatory Authority (FINRA)…
Cory James Chapman (also known as Mickens Chapman) a stockbroker formerly employed by FSC Securities Corporation and The Retirement Group, has been terminated from the Retirement Group on December 14, 2017 supported by allegations that Chapman sold away from the firm. Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally reveals that on April 18, 2016,…
Jon Lewis Sugick of Detroit Michigan a stockbroker formerly registered with NYLife Securities 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 consenting to findings that he engaged in undisclosed outside business activities while associated with NYLife. Letter of…
Abdul Matin Rahmani of Mineola, New York, a stockbroker formerly registered with SW Financial, has been discharged by the firm on December 15, 2017 founded on allegations that he engaged in outside business activities in violation of both the firm’s policy and FINRA Rule 3270. SW Financial alleged that without the firm’s permission, Rahmani enlisted…
Kenny Danny Mezher of San Francisco California a stockbroker formerly registered with Growth Capital 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 consenting to findings that he participated in unauthorized private securities transactions. Letter of Acceptance Waiver and Consent No….
Steven William Kraut of Saint Anthony Minnesota a stockbroker formerly registered with Independent Financial Group 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 consenting to findings that he engaged in undisclosed outside business activities. Letter of Acceptance Waiver…
Roy Aurelio Gaytan of Thousand Oaks California a former registered representative of Transamerica Financial Advisors has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that he did not comply with FINRA’s information request. Case No. 2017054506901 (Nov. 13, 2017). FINRA Public Disclosure confirms that Gaytan…
Gordon Tong Quan of Pasadena California a stockbroker formerly employed by Cetera Advisor Networks LLC has been discharged by the firm on May 15, 2018 founded on allegations that Quan engaged in outside business activities and unapproved customer loan arrangements; conduct violative of the firm’s policies. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that…
Deanne M. Lampe of Morristown New Jersey a stockbroker formerly registered with Morgan Stanley has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that she failed to reply to FINRA personnel concerning information about her business activities. Case No. 2017053777501 (Jan. 19, 2018). FINRA Public…
Peter Tinchu Po of Cupertino California a stockbroker formerly employed by Voya Financial Advisors Inc. has been discharged by the firm on August 4, 2015 founded on allegations that Po violated the firm’s policies by (1) engaging in undisclosed outside business activities and (2) discussing investments with the investor public without the firm’s permission. Financial…
David Christopher Hydrick of Memphis Tennessee a stockbroker formerly registered with Raymond James Associates Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $400,000.00 in damages based upon accusations of (1) misappropriation (2) unauthorized trading in the customer’s account (3) breach of contractual duties (4) conversion of the…
Zachary Thomas Rawson of Indianapolis Indiana a stockbroker formerly employed by Merrill Lynch Pierce Fenner Smith Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that he declined to cooperate with FINRA’s request for details about his business activities. Case No. 2017055785201 (May 3,…
Investor suits are piling up against Gould, Ambroson & Associates for an investment scheme perpetrated by one of its principals Matthew Evan Eckstein. Between December 2014 and December 2015 while associated with Gould, Ambroson & Associates Eckstein illegally sold over $1.3 million of investments in Conmac Funding Corp. to his customers, including elderly, conservative investors….
Paul William Murans (also known as Peace Murans) a stockbroker formerly employed by UBS Financial Services Inc. has been discharged by the firm on October 10, 2017 founded on accusations that Murans (1) failed to apprise the firm about being subject of a customer compliant (2) executed unapproved life-settlement transactions away from the firm and…
Kenneth Joseph Kavanagh of New York New York a stockbroker formerly employed by Morgan Stanley has been terminated by the firm on April 16, 2018 founded on allegations that Kavanagh engaged in unapproved outside business activities involving customers of the firm. Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally reveals that on May 25, 2016,…
Bradley Joseph Tennison of Mesa Arizona a stockbroker formerly registered with Geneos Wealth Management Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Tennison failed to cooperate with FINRA’s investigation into allegations that he made recommendations for a former customer to…
Abraham Biderman of New York New York a stockbroker formerly registered with Palladium Capital Advisors LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Biderman failed to provide FINRA with information in FINRA’s investigation into accusations of Biderman selling away from…
Clifton Hideki Roberts of Houston Texas a stockbroker formerly registered with LPL Financial LLC has been discharged by the firm on April 25, 2018 based upon accusations that Roberts failed to abide by the firm’s policy concerning outside business activities. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Roberts is referenced in two customer…
John Matthew Kurzhal of Minneapolis Minnesota a stockbroker formerly employed by UBS Financial Services Inc. has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that he neglected to provide FINRA with a response to its request for information concerning Kurzhal’s business activities. Case No. 2018056841201…
James Patrick Acosta of New York New York a stockbroker formerly employed by Citigroup Global Markets Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate with FINRA in an investigation into accusations of Acosta’s outside business activities….
Simon Boowon Song of Los Angeles California a stockbroker formerly employed by AXA Advisors LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Song neglected to provide FINRA with a response to its request for information. FINRA Case No. 2017055196201 (Jan. 8, 2018)….
Frank Charles Wroblewski of Southampton New York a stockbroker formerly employed by Wells Fargo Clearing Services LLC has been discharged on January 22, 2018 founded on allegations that he took part in a private securities transaction; conduct violative of the firm’s policies. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Wroblewski has been identified…
Nicholas Modesto Disesso of Florham Park New Jersey a stockbroker registered with Ameriprise Financial Services Inc. has been discharged from the firm on February 12, 2016 founded on allegations that he violated the firm’s policies concerning (1) outside business activities (2) borrowing from customers and (3) disclosures required by FINRA. Financial Industry Regulatory Authority (FINRA)…
John Dale Ernst of San Diego California a former Foresters Equity Services Inc. registered representative is referenced in a State of Wisconsin investigation on November 30, 2017 concerning Ernst’s activities relating to Woodbridge Group of Companies, LLC. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Ernst was discharged by Foresters Equity Services, Inc. on…
Morey Herbert Goldberg of Wynnewood Pennsylvania a stockbroker formerly employed by M Holdings Securities Inc. has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in undisclosed outside business activities while registered with the firm. Letter of Acceptance…
Kenneth K. Jobson of Saint Petersburg Florida a stockbroker formerly employed by Morgan Stanley 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 consenting to findings that he engaged in undisclosed outside business activities. Letter of Acceptance Waiver and Consent…
Sara Rene Wilhite of Vista California a stockbroker formerly employed by PFS Investments Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that she failed to provide information to FINRA concerning her business activities. Case No. 2017055517301 (Feb. 20, 2018). Wilhite was suspended by…
John Michael Krohn of West Des Moines Iowa a stockbroker formerly employed by Principal Securities Inc. has been fined $10,000.00 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 engaged in private securities transactions and outside business activities. Letter…
Carlos Velazquez of Elgin Illinois a stockbroker formerly employed by Waddell Reed has been fined $10,000.00 and suspended for eight months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in undisclosed outside business activities and falsified documentation to FINRA personnel. Letter of…
Donald Joseph Savino Jr. of Rochester New York a stockbroker registered with LPL Financial LLC has been discharged by the firm on March 30, 2017 supported by accusations that Savino engaged in private securities transactions in violation of the firm’s policy. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that a customer filed an investment…
David Carl Ferwerda of Grand Rapids Michigan a stockbroker formerly employed by Signator Investors Inc. is referenced in a Michigan Department of Licensing and Regulatory Affairs investigation into accusations that Ferwerda sold securities to customers that were neither registered nor exempt from registration in the state. FINRA Public Disclosure reveals that Ferwerda has been discharged…
Darnell Kenneth Mote of Jacksonville Florida a stockbroker formerly employed by Wells Fargo Advisors LLC is the subject of a Financial Industry Regulatory Authority (FINRA) Investigation in which FINRA has recommended that an enforcement action be pursued against Mote based upon allegations that he violated FINRA Rules 2010 and 3270 by engaging in unapproved outside…
James Albert Pettit of Glastonbury Connecticut a stockbroker formerly employed by Janney Montgomery Scott LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that he declined to provide FINRA with information about his business activities. Case No. 2017054428401 (Mar. 5, 2018). FINRA Public Disclosure…
Peter David Holler of Bristol Tennessee a stockbroker formerly employed by Securities Service Network has been fined $10,000.00 and suspended for two years from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he sold away from the firm. Letter of Acceptance Waiver and Consent No….
Harold Francis Couglar of San Diego California a stockbroker formerly registered with Montage Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he (1) failed to report his discretionary trading of customer accounts held away from Montage Securities and (2)…
Michael Milad Tanha of Beverly Hills California a registered representative formerly employed by Boulevard Family Wealth has been terminated on March 7, 2018 based upon allegations that Tanha engaged in outside business activities while associated with the firm. Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally reveals that on May 17, 2017, Tanha was terminated…
Alan Harold New of Fort Wayne Indiana a former NYLife Securities LLC registered representative is referenced in a customer initiated investment related civil action where the customer sought $400,000.00 in damages founded on allegations that omissions were made to the customer concerning the terms and risks pertaining to the Woodbridge Mortgage Investment Fund purchased by…
David William Stewart of Erie Pennsylvania a stockbroker registered with IBN Financial Services Inc. has been discharged by the firm on March 7, 2018 supported by allegations that Stewart engaged in private securities transactions in violation of industry conduct standards and the firm’s selling away policies. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that…
Karl Ronald Foust Jr. of Boca Raton Florida a stockbroker and direct participation programs representative formerly registered with H.D. Investment Services is referenced in a customer initiated investment related arbitration claim in which the customer sought $95,000.00 in damages based upon allegations that the customer’s investment in Wimbledon Health Partners LLC was both misrepresented and…
Joshua David Stamm of Lynchburg Virginia a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated has been fined $5,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he sold away from the firm. Letter of Acceptance Waiver…
Frank Roland Dietrich of Lake Forest California a stockbroker formerly employed by Quest Capital Strategies Inc. has been terminated by the firm on March 31, 2018 supported by accusations that Dietrich engaged in undisclosed outside business activities and effected sales of investment products that were not approved by the firm. Financial Industry Regulatory Authority (FINRA)…
Matthew Charles Woodard of Farmington Connecticut a stockbroker formerly registered with ProEquities Inc. has been fined $20,000.00 and barred by the Connecticut Department of Banking from transacting business in Connecticut as an investment advisor agent or broker-dealer agent according to a Consent Order containing findings that Woodard transacted business with a Connecticut investor while unregistered…
Brandon Carl Rudolph of Las Vegas Nevada a stockbroker formerly registered with Chelsea Financial Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he obstructed a FINRA investigation into Rudolph’s potential engagement in private securities transactions. Letter of Acceptance Waiver and…
James Robert Willing of Boston Massachusetts a stockbroker registered with Morgan Stanley Wealth Management has been discharged by the firm on January 29, 2018 supported by allegations that Willing failed to be forthcoming with the firm regarding his participation in private investment transactions that had been executed away from the firm. Financial Industry Regulatory Authority…
Drew Mansfield Johnson of Coon Rapids Minnesota a stockbroker formerly registered with Girard Securities 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 based upon consenting to findings that he effected securities transactions away from the firm. Letter of Acceptance Waiver…
Stacy Elizabeth Cheney-Jamison of Boca Raton Florida a stockbroker formerly registered with CUNA Brokerage Services Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that she failed to provide documentation and information to FINRA in an investigation into allegations of Cheney-Jamison selling…
James Arthur Kujawski of Annapolis Maryland a stockbroker employed by UBS Financial Services Inc. has been discharged by the firm on February 20, 2018 based upon accusations that Kujawski violated the company’s policy by failing to disclose his outside investments and outside business activities. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Kujawski has…
Robert William Urban of Riverhead New York a stockbroker registered with Morgan Stanley has been terminated by the firm on February 28, 2018 supported by accusations that he failed to accurately and timely disclose his participation in a customer’s real estate transaction. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Urban has been identified…
Richard Kyle Taylor of Duluth Georgia a stockbroker formerly registered with PFS Investments Inc. has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in unapproved outside business activities. Letter of Acceptance Waiver and Consent No. 2016049902901 (Apr….
Harold Lee Connell of Miami Florida a stockbroker formerly employed by CP Capital Securities is the subject of a Financial Industry Regulatory Authority (FINRA) Wells Notice where FINRA recommended that a disciplinary action be pursued against Connell alleging that he committed fraud and effected promissory notes and private placement transactions that were not suitable for…
Vincent Santoro of Lake Mary Florida a stockbroker formerly employed by State Farm VP Management Corp has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to provide recorded testimony before FINRA personnel. Letter of Acceptance Waiver and Consent No. 2018056843801…
Joseph Glenn Pratte of Riverside California a stockbroker formerly registered with Signator Investors Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by consenting to findings that he failed to provide FINRA with information and documentation in the course of an investigation into accusations of his…
James Otis Conaway of Tustin California a stockbroker formerly employed by USA Financial Securities Corporation 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 consenting to findings that he engaged in unapproved outside business activities and failed to be forthcoming…
Joseph Gordon Cloutier Jr of Frisco Texas a stockbroker formerly registered with Wells Fargo Advisors LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he neglected to provide information to FINRA personnel about his business activities. Case No. 2016051652701 (Mar. 6, 2017). FINRA…
Norman Weaver Jr of Seattle Washington a stockbroker formerly registered with UBS Financial Services Inc. has been terminated from employment on September 6, 2016 founded on accusations that he helped facilitate meetings between customers of the firm and a person who was not affiliated with UBS Financial Services Inc. nor associated with any other brokerage…
Christian A. Paul of Dallas Texas a stockbroker formerly registered with Worth Financial Group Inc. has been has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that he failed to cooperate with FINRA’s request for information about his business activities. Case No. 2016051795501 (July 10,…
Stephen Johnathan Hoshimi of Dallas Texas a direct participation programs representative for Crescent Securities Group Inc. has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by consenting to findings that he engaged in outside business activities that were not timely disclosed…
Ahmed Ghassan Gheith of New York New York a stockbroker formerly registered with Paulson Investment Company LLC has been fined $10,000.00 and suspended for twelve months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he sold away from Paulson Investment Company LLC. Letter of…
Michael Evan Eckstein of Garden City New York a stockbroker formerly registered with Gould Ambroson Associates Ltd. has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that Eckstein (1) effected unsuitable transactions (2) made omissions and misrepresentations to customers when making investment recommendations and (3) engaged in a fraudulent investment scheme….
Melvin Saul Jacobs of Houston Texas a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Inc. has been terminated on December 14, 2017 based upon allegations that he sold away from his firm in violation of Merrill Lynch’s policy. Financial Industry Regulatory Authority (FINRA) Public Disclosure also reveals that on February 11, 2009, a…
Matthew Thomas Cochran of Charlotte North Carolina a stockbroker formerly registered with Northwestern Mutual Investment Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he established accounts from customers away from Northwestern Mutual without procuring the firm’s authorization. Letter of…
Steven Tarasius Yellen of El Paso Texas a stockbroker formerly registered with Ameriprise Financial has been terminated on January 12, 2018 based upon allegations that he engaged in options trading and outside business activities in violation of Ameriprise Financial’s policy. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that on November 13, 2015, a customer…
Arthur Robert Meunier (also known as Arthur Robert Breitman) a stockbroker formerly registered with Morgan Stanley has been fined $20,000.00 and suspended for two years from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in undisclosed outside business activities while registered with the…
Kevin James Lee of Lake Oswego Oregon is a stockbroker formerly registered with Martin Nelson and Co. Inc. who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate with FINRA’s investigation into allegations of his undisclosed outside business…
William Patrick Slattery of New York New York is a stockbroker formerly registered with Lampert Capital Markets Inc. who has been fined $12,500.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he took part in outside business activities that…
Richard Hunt Crockett of New York New York is a former chief compliance officer of Osprey Partners LLC who has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to supervise Osprey stockbrokers’ private securities transactions. Letter of…
Lawrence John Fawcett Jr. of Los Angeles California is a stockbroker formerly registered with Westpark Capital Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he obstructed a FINRA investigation into allegations of Fawcett’s unapproved outside business activities. Letter of Acceptance…
Michael Vetere of Tarrytown, New York is a stockbroker formerly registered with Hornor Townsend and Kent Inc. who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he failed to provide FINRA with information that had been requested of him concerning his business activities….
Patrick Hugh Dowd of Jacksonville Florida is a stockbroker formerly registered with Pruco Securities LLC who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that he failed to provide FINRA with information about Dowd’s business activities. FINRA Case No. 2016050861701 (Mar. 27, 2017). FINRA…
Gary John Basralian of Maplewood New Jersey is a stockbroker formerly registered with Royal Alliance Associates, Inc. who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he failed to cooperate in a FINRA investigation into allegations of Basralian having committed securities fraud….
Timothy John Beall of Eau Claire Michigan is a stockbroker formerly registered with National Planning Corporation who 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 consenting to findings that he engaged in private securities transactions and unapproved outside business…
Michael M. Hurtgen of Greenwood Village Colorado is a stockbroker formerly registered with Raymond James Financial Services Inc. who 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 consenting to findings that he sold away from the firm. Letter of…
Randolph Lee Eddlemon of Scottsdale Arizona is a stockbroker formerly employed with Geneos Wealth Management Inc. who has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he failed to provide a response to FINRA’s request for information regarding Eddlemon’s business activities. Case No. 2017055260401…
James C. Tao of Houston Texas is a stockbroker formerly employed with Sunbelt Securities Inc. who has been barred by Securities and Exchange Commission (SEC) from acting as an investment advisor or broker or associating with any investment advisory or brokerage firm in any capacity according to an Order Instituting Administrative Proceedings Making Findings and…
Jasper Eugene Boykin Jr of Atlanta Georgia is a stockbroker formerly employed with MetLife Securities Inc. who has been has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a FINRA Office of Hearing Officers Default Decision containing findings that Boykin obstructed a FINRA investigation into accusations…
Eric John Zebrauskas of Carmel Indiana is a stockbroker formerly registered with Securities Service Network Inc. who has been fined five thousand dollars and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in undisclosed outside business activities. Letter of Acceptance Waiver…
John Scott Elliott of Overland Park Kansas is a stockbroker formerly registered with Ameriprise Financial Services Inc. who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to accusations that Elliott failed to provide information to FINRA regarding his business activities. Letter No. 2016051253201 (Mar. 6 2017)….
Pavel Shklyar of Norwood New Jersey is a stockbroker formerly registered with J.P. Morgan Chase Bank who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he obstructed FINRA’s investigation into accusations of Shklyar’s private securities transactions. Letter of Acceptance Waiver and…
Marla Chidsey Roeser of Potomac Maryland is a stockbroker formerly registered with City National Securities Inc. who has been fined ten thousand dollars and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity based upon consenting to findings that she failed to supervise the private securities transactions and outside…
Kevin Scott Woolf of Winter Haven Florida is a stockbroker formerly registered with Morgan Stanley that has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to testify or provide documentation to FINRA in regard to allegations of his private securities…
Farid Morim of Beverly Hills California is a stockbroker formerly registered with J.P. Morgan Securities LLC that has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Office of Hearing Officers Default Decision containing findings that he failed to provide documentation and information to FINRA in…
Tamara Rae Steele of Pendleton Indiana is a stockbroker formerly registered with Comprehensive Asset Management and Servicing Inc. who has been fired on June 13 2017 based upon accusations that she engaged in private securities transactions that involved several of the firm’s customers even though Steele never gained the firm’s authorization to engage in those…
Donald Kay Gross II of Parsippany New Jersey is a stockbroker formerly registered with Summit Equities Inc. who is the subject of an Order of Summary Suspension issued by California Department of Insurance wherein Gross was suspended for three months from engaging in insurance business in California supported by allegations against Gross of selling away…
Shakela Carter of Fort Lauderdale Florida is a stockbroker formerly registered with Merrill Lynch who has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that she failed to testify in an investigation into accusations of her selling away from the firm. Department of Enforcement v. Shakela Carter Disciplinary Proceeding No. 20160492021-01…
Francis Joseph Gendlek of East Brunswick New Jersey is a stockbroker formerly registered with IFS Securities who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he made fraudulent omissions and misrepresentations relating to his private securities transactions. Letter of Acceptance Waiver and…
Donna Boyd of Houston Texas is an investment adviser and stockbroker formerly registered with Sunbelt Securities that has been barred by the Securities and Exchange Commission (SEC) from acting as an investment adviser or broker according an Order Instituting Administrative Proceedings Pursuant to Section 15(b) of the Securities Exchange Act of 1934 and Section 203(f)…
James Randall Clay of Clarksville Tennessee is a stockbroker formerly registered with U.S. Bancorp Investments Inc.James Randall Clay who has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that he engaged in unapproved outside business activities and falsified statements to his firm and FINRA personnel in regard to his business activities….
Richard Channing Hawkes, of Orange, California, a stockbroker employed with VALIC Financial Advisors, Inc., has been fired on May 4, 2016, founded on accusations that he effected investment transactions involving products that had not been approved for sale by the firm, violating the firm’s policies regarding selling away. This is not the first time that…
Jennifer Lynn Steele, of Tampa, Florida, a stockbroker formerly registered with Harbor Light Securities, LLC, has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that she engaged in unapproved outside business activities. Letter of Acceptance, Waiver and Consent, No. 2014040343702…
John Greg Schmidt, of Dayton, Ohio, a stockbroker formerly registered with Wells Fargo Advisors Financial Network, LLC, has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on Schmidt’s failure to provide FINRA with information relating to his business activities. Case No. 2017056103801 (Nov. 29, 2017). FINRA Public…
Guillermo William Valladolid, of La Jolla, California, a stockbroker formerly employed with Morgan Stanley, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he failed to comply with FINRA in an investigation into allegations of Valladolid selling away from Morgan Stanley. Letter of…
James Anthony Merkel of Frederick, Maryland, a stockbroker formerly registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has been fired on August 21, 2017, based upon allegations that he sold away from his firm and that his private securities transactions were violative of the firm’s policies. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that…
Douglas E. Keller, of Woodbridge, New Jersey, a stockbroker formerly registered with AXA Advisors 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 consenting to findings that he engaged in undisclosed outside business activities. Letter of Acceptance, Waiver and…
Shannon Lynn Lewis of Muscatine, Iowa, a registered representative with State Farm VP Management Company, has been fined $7,500.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he engaged in unapproved securities transactions. Letter of Acceptance, Waiver and Consent, No….
Kim Dung Le of Bloomington, Illinois, a registered representative associated with State Farm VP Management Corp., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by way of Le’s consent to findings that he failed to cooperate in an investigation into allegations of his outside business activities. Letter…
Hong Kun Pan of Flushing, New York, a stockbroker associated with Pruco Securities, L.L.C., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he failed to reply to FINRA’s request for information about his business activities. Case No. 2016050091704 (Dec. 11, 2017). FINRA Public…
Joe E. Tinder, of Missoula, Montana, a stockbroker currently registered with Western International Securities, Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to respond to FINRA’s investigation into accusations that he, inter alia, sold away from his firm….
Steven A. Bumbera, of Saint Louis, Missouri, a stockbroker formerly registered with Kovack Securities Inc., has been fined $4,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he engaged in an unapproved outside business activity and failed to be forthcoming to the firm…
Brian Michael Travers, of Melville, New York, a stockbroker formerly registered with MML Investors Services, LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate in an investigation into allegations that he engaged in unapproved private securities transactions…
Leslie Koonce, of Menlo Park, California, a stockbroker formerly registered with LPL Financial LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he obstructed a FINRA investigation into allegations that he sold away from his firm and falsified information about his…
Walter Sanfrid Olsson, of Grand Rapids, Michigan, a stockbroker formerly registered with Raymond James Financial Services, Inc., has been fined and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he sold away from his firm. Letter of Acceptance, Waiver and Consent, No. 2016052628601…
Paul Wescoe Smith, of Wayne, Pennsylvania, a stockbroker formerly registered with Bolton Global Capital and investment advisor for The Haverford Group, has been charged by Securities and Exchange Commission (SEC) in a Complaint alleging that engaged in investment advisory fraud and executed a fraudulent securities offering spanning a quarter century. Securities and Exchange Commission v….
James C. Tao and Donna Chen, of Houston Texas, stockbrokers and investment advisors formerly associated with Sunbelt Securities, were charged by Securities and Exchange Commission (SEC) in a Complaint alleging that Tao engaged in fraudulent securities transactions, and Tao and Chen offered and sold securities as unregistered brokers by selling away. Securities and Exchange Commission…
Michael Timothy Dolan, of Minneapolis, Minnesota, a stockbroker formerly registered with Doughtery Dawkins LLC, has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Office of Hearing Officers’ Hearing Panel Decision containing findings that Dolan sold away from his firm. Letter of Acceptance,…
Kenneth S. Tyrrell, of Richmond Virginia, a stockbroker registered with UBS 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 Tyrrell, inter alia, sold away from his firm, engaged in unapproved outside business activities, and inaccurately represented his activities…
Joseph Daniel Krueger, II, of Westlake, Ohio, a stockbroker registered with Stifel, Nicolaus & Company, 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 consenting to findings that he engaged in unapproved private securities transactions. Letter of Acceptance, Waiver and…
Eric Dean Rolschoven, of Missoula, Montana, a stockbroker registered with FSC Securities Corporation, was fined $15,000.00 by the Office of the Montana State Auditor, Commissioner of Securities and Insurance, according to a Consent Agreement and Final Order containing findings that Rolschoven failed to supervise a registered representative who engaged in sales practice violations. In the…
Ahmed Ghassan Gheith, of New York, New York, a stockbroker formerly registered with Paulson Investment company, LLC, was fired on August 11, 2017, based upon allegations that he violated Paulson’s written supervisory procedures, failed to be forthcoming in reference to the firm’s compliance questionnaires, violated FINRA Rule 3280, and became subject of a customer initiated…
Christopher Todd Wendel, of Celina, Ohio, a stockbroker registered with SA Stone Wealth Management Inc., has been fired on September 5, 2017, supported by accusations that he violated the policies of the firm through selling away; he effected promissory notes transactions outside the firm’s auspices. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Wendel…
Craig Edward Lewis, of Atlanta, Georgia, a stockbroker formerly registered with VALIC Financial Advisors, Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he obstructed a FINRA investigation into allegations that he engaged in unapproved outside business activities and sold away from…
Brian F. Gimelson of Princeton, New Jersey, a stockbroker registered with North Nassau Advisors, LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he failed to cooperate in a FINRA investigation into allegations of his outside business activities. Letter of Acceptance, Waiver and…
Robert Kenneth Lindell, of Santa Rosa, California, a stockbroker formerly registered with Richfield Orion International, Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Lindell failed to provide FINRA with a response to its request for information about Lindell’s business activities. Case No….
Bettye Clements Hays, of Mobile, Alabama, a stockbroker formerly registered with Principal Securities, Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that she failed to provide FINRA with information about her business activities. FINRA Case No. 2017053749201 (June 6, 2017). FINRA Public Disclosure…
Jerry Lou Guttman of Phoenix, Arizona, a stockbroker formerly registered with United Planners’ Financial Services of America, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he sold $7,000,000.00 worth of investments to customers away from his firm. Letter of Acceptance, Waiver and Consent,…
Robert Jeffrey Scherzer, of New York, New York, a stockbroker formerly registered with Raymond James Financial Services, Inc., 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 consenting to findings that he sold away from his firm. Letter of Acceptance,…
Lizabeth Gotuaco Ty of Houston, Texas, a stockbroker formerly registered with Park Avenue Securities LLC who is barred from the securities industry, is the subject of a customer initiated investment related arbitration claim, in which the customer requested $175,000.00 in damages based upon allegations that Ty effected unauthorized transactions by selling the customer a promissory…
Gregory Alan Levine, of Fort Lauderdale, Florida, a stockbroker registered with First Allied Securities, Inc., was fired on June 21, 2017, based upon accusations that he sold away from the firm, and failed to notify First Allied that he was subject of a customer initiated investment related complaint in which he was accused of effecting…
Robert Scott Wilder of Atlanta, Georgia, a stockbroker formerly registered with Sterne Agee Financial Services, Inc., 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 consenting to findings that he sold away from his firm. Letter of Acceptance, Waiver and Consent,…
Masood Husain Azad, of League City, Texas, a stockbroker formerly registered with First Allied Securities, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he obstructed a FINRA investigation into allegations of Azad selling away from the firm and engaging in unapproved…
William Brian Wyman, of Palm Bay, Florida, a stockbroker formerly registered with Royal Alliance Associates, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he failed to provide FINRA with information regarding his business activities. Case No. 2016050213701 (May 8, 2017). Financial Industry Regulatory…
Steven Pagartanis, of Setauket, New York, a stockbroker formerly registered with Cadaret, Grant & Co., Inc., has been terminated by the firm on March 20, 2017, based on allegations that the firm received a customer initiated investment related arbitration claim pertaining to Pagartanis’ conduct that contained accusations of conversion of the customer’s funds, securities fraud…
Carlos Antonio Rodriguez of Plano, Texas, a stockbroker formerly registered with UBS Financial Services, Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity on October 10, 2017, based upon allegations that he failed to provide FINRA personnel with information about his business activities. Case No. 2015046502101 (July 5,…
Christopher Todd Wendel of Celina, Ohio, a stockbroker formerly employed with SA Stone Wealth Management Inc., has been fired from the company on September 5, 2017, based upon allegations that Wendel sold away from the firm. Wendel’s termination comes after the firm launched an investigation into his alleged private securities transactions on April 21, 2017….
Jeffrey Michael Johnson, of Birmingham, Michigan, a stockbroker formerly registered with Morgan Stanley Smith Barney, has been fined $10,000.00 and suspended for seven months from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity based on allegations of selling away from his firm. Letter of Acceptance, Waiver and Consent, No. 2016049341201…
Ryan Christopher Keller, of Woodbridge, New Jersey, a stockbroker formerly registered with AXA Advisors, LLC, has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in all capacities by consenting to findings that he engaged in unapproved outside business activities. Letter of Acceptance, Waiver and Consent,…
Thomas Joseph Breslin Jr., of San Diego, California, a stockbroker formerly associated with LPL Financial LLC, has been fined $5,000.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity based upon allegations that he sold away from LPL Financial. Letter of Acceptance, Waiver and Consent,…
Jasper E. Boykin, Jr., of Atlanta, Georgia, a registered representative formerly registered with MetLife Securities Inc., has been charged by FINRA Department of Enforcement in a Complaint alleging that he obstructed a FINRA investigation into allegations of his unapproved outside business activities. Department of Enforcement v. Jasper E. Boykin, Jr., No. 2016049508602 (Oct. 16, 2017)….
Terrence Jeffrey Diehl, of Boston, Massachusetts, a stockbroker formerly registered with LPL Financial, LLC, has been fined $10,000.00 and handed a nine-month suspension from associating with any FINRA member in any capacity by consenting to findings that he sold away from his firm and lied about it when LPL Financial, LLC questioned him. Letter of…
Michael Anton Crowe, of Mesa, Arizona, a stockbroker formerly registered with Securities America, Inc., has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he sold away from his firm. Letter of Acceptance, Waiver and Consent, No. 2016051678001 (Oct. 2,…
Ronald Dolinger, of Dublin, Ohio, a stockbroker formerly registered with MetLife Securities Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to testify in a FINRA investigation into allegations of his outside business activities. Letter of Acceptance, Waiver and…
Dale Earl Krueger, of Midland, Michigan, a stockbroker formerly registered with Moloney Securities, Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he inappropriately utilized customers’ investment funds, and failed to cooperate with FINRA during an investigation into allegations of Krueger’s unauthorized…
John Kaleihiehie Kai, of Hilo, Hawaii, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he did not provide FINRA staff with information about Kai’s business activities. Case No. 2017053680001 (September 12, 2017). Kai was previously suspended on July 3, 2017, but did not…
Dennis Boyd McMurray, of Irvine, California, a stockbroker formerly registered with Girard Securities, Inc., has been fined and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on consenting to findings that he did not furnish information and documentation to FINRA regulators in the course of an investigation into…
Lawrence Alan Stack, of Morgan Hill, California, a stockbroker formerly registered with Questar Capital Corporation, has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on consenting to findings that he participated in unapproved outside business activities. Letter of Acceptance, Waiver and Consent, No. 2015047293501…
Michael Jon DeBoer, of Spring Hill, Florida, a stockbroker formerly registered with M Dalton Strategic Investment Services Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on consenting to findings that he failed to conduct due diligence on customer’s investments, engaged in private securities transactions, and…
Walter L Starghill III, of Southfield, Missouri, a stockbroker registered with Lincoln Investment, has been fired on March 16, 2017, based on allegations that he violated the firm’s policies by selling away; he effected private securities transactions outside the firm’s auspices without its knowledge or authorization. Guiliano Law Group Our practice is limited to the…
Thomas Howard Oliphint, of San Antonio, Texas, a stockbroker registered LPL Financial LLC, has been fired on November 28, 2016, based on allegations that engaged in outside business activities that were not approved by the company. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Oliphint has been identified in two customer initiated investment related…
Anthony Vultaggio Jr., of East Meadow, New York, a stockbroker formerly registered with American Capital Partners, LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he did not cooperate in an investigation into allegations that he engaged in outside business activities…
Ernest J. Romer of Sterling Heights, Michigan, whom until very recently was associated with CoreCap Investments, located in South Field Michigan, was charged with embezzlement. According to the Complaint, Michigan Investigators believe Romer’s transactions were part of a larger “pattern of felonious financial maneuvers involving a field of investors, with as many as 20 additional…
Bruce Page Barber, of Colorado Springs, Colorado, a registered representative formerly associated with Securities America, Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate in an investigation into accusations of his outside business activities. Letter of Acceptance,…
Luis Jacob Alayo Riera, of Miami Beach, Florida, a stockbroker registered with Raymond James & Associates, was fired on December 22, 2016, based upon allegations that he failed to comply with the terms of an internal investigation into his activities involving the facilitation of investment activities away from Raymond James. Financial Industry Regulatory Authority (FINRA)…
William Roy Kimberlin, of Dallas, Texas, a stockbroker formerly registered with Metlife Securities Inc., has been fined $15,000.00 and suspended for eighteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he borrowed from customers without authorization, made misrepresentations to his firm, and participated…
William August Glaser, of St. Albans, Missouri, a stockbroker formerly registered with National Planning Corporation, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Glaser obstructed an investigation into allegations of him selling away from National Planning Corporation. Letter of Acceptance, Waiver…
Shoug Mayson, of New York, New York, a stockbroker formerly registered with Windsor Street Capital, LP, was terminated on June 22, 2017, based upon allegations that he engaged in business activities with another broker-dealer during the time that he was registered with Windsor Street Capital, and furnished inaccurate customer account information to his firm. This…
Rennie M. Roach, of Avondale, Arizona, 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 allegations that he declined to provide FINRA staff with information that was requested of him in reference to his business activities. Case No….
Stephen Brown and James Peter Goetz Jr., of Pittsford, New York, stockbrokers formerly associated with Merrill Lynch, Pierce, Fenner & Smith, were suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a FINRA Office of Hearing Officers Extended Hearing Panel Decision containing findings that: Brown engaged in undisclosed…
John Kostic, of Irvine, California, a stockbroker formerly registered with Finance 500, Inc., has been fined $10,000.00 and suspended for seven months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in private securities transactions. Letter of Acceptance, Waiver and Consent, No. 2015045360601…
John P. Correnti, of Cleveland, Ohio, a stockbroker formerly registered with AXA Advisors, LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate in a FINRA investigation into allegations that inter alia, Correnti engaged in outside business activities…
Fan Kam Yip, of Mercer Island, Washington, a stockbroker formerly registered with Raymond James Financial Services, Inc., 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 consenting to findings that he sold away from his firm. Letter of Acceptance, Waiver…
Matthew Christopher Tucci, of New York, New York, a stockbroker formerly registered with Standard Credit Securities, Inc., has been fined $10,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he, inter alia, engaged in outside business activities and inaccurately…
Bae Keun Yu, of Los Angeles, California, a stockbroker formerly registered with SH Investment & Securities, has been fined and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in undisclosed outside business activities. Letter of Acceptance, Waiver and Consent, No. 2016047873501…
Dennis Allen Webb, of New Palestine, Indiana, a stockbroker registered with Cantella & Co., Inc., has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in outside business activities. Letter of Acceptance, Waiver and Consent, No. 2016048816701 (Oct….
Howard L. Hull III, of Newport Coast, California, a prior owner, vice-president, chief compliance officer, and financial and operations principal for HLH Securities, Inc., has been fined $20,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Hull, inter alia,…
Patrick M. Hudson, of Baltimore, Maryland, a stockbroker formerly registered with RBC Capital Markets, LLC, has been fined $10,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Hudson, inter alia, engaged in outside business activities and private securities transactions…
Jeffrey Ward Delone, of Malvern, Pennsylvania, a stockbroker formerly registered with FSC Securities Corporation, has been fined $10,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he sold away from his firm. Letter of Acceptance, Waiver and Consent, No….
Satya B. Shaw, of Wesley Chapel, Florida, a stockbroker formerly registered with Center Street 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 based upon consenting to findings that Shaw, inter alia, engaged in outside business activities. Letter of Acceptance,…
Stanley Scott Garrison, of Bakersfield, California, a stockbroker formerly registered with LPL Financial LLC, has been fined $10,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in outside business activities that were not approved by the firm…
Jeffrey S. Rush, of Grand Rapids, Michigan, a stockbroker with Raymond James & Associates, was terminated from employment on November 2, 2015, based upon allegations that he engaged in outside business activities that were not disclosed to the firm as required. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Rush is the subject of…
Christopher Hanley Russell, of Huntsville, Alabama, 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 based upon consenting to findings that he sold away from the firm. Letter of Acceptance, Waiver and Consent, No….
David G. Gott, of Tipton, Iowa, a stockbroker formerly registered with Ausdal Financial Partners, Inc., gott fined $5,000.00 and gott suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he sold away an investment in an ice cream company from his…
Mercury Securities LLC, a brokerage firm located in San Rafael, California, was censured and fined $5,000.00 by Financial Industry Regulatory Authority (FINRA) based upon consenting to findings that the firm failed to supervise registered representatives’ private securities transactions. Letter of Acceptance, Waiver and Consent, No. 2015043459301 (July 12, 2017). According to the AWC, three of…
Paul Cragg Larsen, of Naples, Florida, a stockbroker formerly registered with VSR Financial Services, Inc., is the subject of a customer initiated investment related arbitration claim on June 3, 2016, in which the customer requested $4,000,000.00 in damages based upon allegations that Larsen converted the customer’s monies that were intended for investments in real estate…
Donald Newton McCoy, of Saint Louis, Missouri, a stockbroker registered with Raymond James & Associates, Inc., has been fired from the company on August 12, 2016, based upon allegations that he engaged in outside business activities. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that McCoy was also terminated from a prior employer, Merrill Lynch,…
Timothy David Ballard, of Livermore, California, a stockbroker formerly registered with Securities America, Inc., has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he neglected to communicate with FINRA about his business activities. Letter No. 2016052555401 (May 12, 2017). FINRA Public Disclosure reveals that…
Jason H. LeBlanc, of Fulshear, Texas, a stockbroker formerly registered with Girard Securities, Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he sold away from his firm, engaged in outside business activities without apprising his firm, misused customers’ monies, and…
Richard S. Botkin, of Roseville, California, a stockbroker formerly registered with Morgan Stanley, has been fined $15,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he effected private securities transactions without notification to his firm. Letter of Acceptance, Waiver…
James Edward Bashaw, of Houston, Texas, a stockbroker formerly registered with LPL Financial LLC, has been named in a customer initiated investment related arbitration claim on September 2, 2016, in which the customer requested $3,800,000.00 in damages based upon allegations that Bashaw made unsuitable investment recommendations to customers concerning Texas Air Shuttle, LLC. Customers additionally…
Kyle P. Harrington, of San Diego, California, a stockbroker formerly registered with National Securities Corporation, has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that he converted a customer’s funds, sold away from his firm, and falsified documentation to FINRA in regard to his activities. Department of Enforcement…
Donald John Saccomano, of Westport, Connecticut, a stockbroker formerly registered with Source Capital Group, Inc., has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he failed to communicate with FINRA’s staff regarding his business activities. Case No. 2015044109301 (Mar. 31, 2017). On January 7,…
John Charles Piccarreto Jr., of Orrville, Ohio, a stockbroker formerly registered with First American Securities, Inc., has been fined $15,000.00 and suspended for two years from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in private securities transactions without ever having apprised his firm…
Gary Wayne Hammond, of Charlotte, North Carolina, a stockbroker registered with MML Investors Services, LLC, was terminated from employment on April 21, 2017, based upon allegations that he sold away from his firm and violated the firm’s company policies in the handling of a customer initiated investment related complaint. Financial Industry Regulatory Authority (FINRA) Public…
Shawn Evan Burns, of Farmingdale, New York, a stockbroker formerly registered with Salomon Whitney Financial, has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to provide FINRA staff with information about his business activities. Case No. 2017053391601 (June 16, 2017)….
Abed Adam Darwish, of North Royalton, Ohio, a stockbroker formerly registered with Key Investment Services, has been fined $7,500.00 and suspended for eighteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he utilized customers’ information without consent to create investment accounts and effected…
Christopher M. Hawn, of Denver, Colorado, a stockbroker formerly registered with SC Distributors, LLC, and ALPS Distributors, 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 based upon consenting to findings that Hawn, inter alia, engaged in unauthorized outside business activities…
Lawrence M. Thomas, of North Attleboro, Massachusetts, a stockbroker formerly registered with Essex Securities LLC, has been fined and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he obstructed a FINRA investigation into allegations that he made improper investment recommendations to customers. Letter…
Jason John Lenzi, of Beaver, Pennsylvania, a stockbroker formerly registered with The Huntington Investment Company, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he did not cooperate with FINRA’s request for Lenzi’s information in reference to Lenzi’s business activities. Case No. 2015044007201 (Feb….
Marc Harold Pearl, of Auburn, California, a stockbroker formerly registered with Wells Fargo Advisors, LLC, has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on allegations that he failed provide FINRA staff with a response to their request for information relating to Pearl’s business activities. Letter No….
Brent David Hurt, of Chicago, Illinois, the Chief Compliance Officer of Redridge Securities, Inc., has been fined $10,000.00 and suspended for thirteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he inadequately supervised a stockbroker’s private securities offerings. Letter of Acceptance, Waiver and…
David Michael Panetta, of Nutley, New Jersey, a registered representative formerly associated with Allstate Financial Services, LLC, has been fined $7,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in outside business activities without his firm’s knowledge, and made false…
Kenneth Stewart Tyrrell, of Vienna, Virginia, a stockbroker registered with UBS Financial Services Inc., was terminated from employment on August 8, 2016, based upon allegations that he engaged in private securities transactions and outside business activities without having disclosed them to UBS Financial Services Inc. or retrieving approval from the firm; conduct violative of UBS…
Andrew John Logullo, of Los Angeles, California, a stockbroker formerly registered with Ameritas Investment Corp, has been fined $10,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Logullo engaged in undisclosed outside business activities and omitted information from his…
Stephen Brown, of Pittsford, New York, a stockbroker formerly registered with Merrill Lynch, Pierce, Fenner & Smith, Inc., was charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint based upon allegations that he, inter alia, engaged in private securities transactions and outside business activities without disclosing them to his firm. Department…
Joshua Gottlieb, of Woodland Hills, California, a registered representative with Benefit Funding Services, LLC, has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he obstructed a FINRA investigation into allegations that he sold away from his firm. Letter of Acceptance, Waiver…
Summit Equities, Inc., a brokerage firm headquartered in Parsippany, New Jersey, has been censured and fined $325,000.00 by Financial Industry Regulatory Authority (FINRA) based upon consenting to findings that the firm did not adequately supervise registered representatives’ private securities transactions as well as recommendations of variable annuity share classes. Letter of Acceptance, Waiver and Consent,…
Greg D. Templeton, of New York, New York, a stockbroker formerly registered with Oppenheimer & Co., Inc., has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he obstructed a FINRA investigation into allegations of his sales practice violations and “mishandling” of…
Arthur J. Smithee Junior, of Orem, Utah, a stockbroker formerly registered with LPL Financial LLC, has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in unapproved outside business activities and sold securities to customers outside the auspices…
Jay Martin Chapler, of New York, New York, a stockbroker formerly registered with Silver Leaf Partners, LLC, has been fined $22,500.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Chapler, inter alia, took part in outside business activities that…
Jay Martin Chapler, of New York, New York, a stockbroker formerly registered with Silver Leaf Partners, LLC, has been fined $22,500.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Chapler, inter alia, took part in outside business activities that…
Leon Edward Dixon, of Miami, Florida, a registered representative formerly associated with AXA Advisors, LLC, has been fined $7,500.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Dixon, inter alia, engaged in unauthorized private securities transactions. Letter of Acceptance,…
The Guiliano Law Group is investigating claims on behalf of investors involving Paul Wescoe Smith formerly associated with Bolton Global Capital in Wayne, Pennsylvania in connection with the sale of the unregistered securities of the Haverford Group. On February 2, 2016, according to FINRA Public Disclosure Records, Smith was discharged or terminated by Bolton Global…
Mid Atlantic Capital Corporation, a brokerage firm headquartered in Pittsburgh, Pennsylvania, has been censured and fined $100,000.00 by Financial Industry Regulatory Authority (FINRA) based upon the firm’s consent to findings that it failed to supervise the private securities transactions that two stockbrokers engaged in. Letter of Acceptance, Waiver and Consent, No. 2013039024401 (Apr. 6, 2017)….
Becky Vee Halphin, of North Kansas City, Missouri, a stockbroker formerly registered with General Securities Corp., has been barred from registering as a broker-dealer representative or investment adviser representative in the State of Missouri based upon a Missouri Commissioner of Securities Consent Order containing findings that she engaged in unethical and dishonest business activities. In…
Tracy Rae Turner, of Carlsbad, California, a stockbroker formerly associated with Colorado Financial Service Corporation, has been fined $272,879.04 and barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon a FINRA Office of Hearing Officers Default Decision containing findings that Turner effected unauthorized private securities transactions and made…
Andrew Raymond Scheirer II, of Lake Mary, Florida, a stockbroker formerly registered with First Allied Securities, has been named in a customer initiated investment related arbitration claim, which settled on July 18, 2016, for $30,000.00 in damages based upon allegations that Scheirer defrauded the customer, breached his contractual duties, and effected private equity transactions in…
Lloyd Henry Dotson, of New Canaan, Connecticut, a stockbroker formerly registered with Commonwealth Financial Network, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate in a FINRA investigation into allegations that he engaged in outside business activities without…
Neal Charles Moon, and Natalie E. Fogiel Moon, of Dallas, Texas, stockbrokers formerly registered with Waddell & Reed, have been sanctioned by Financial Industry Regulatory Authority (FINRA) pursuant to an Office of Hearing Officers Order Accepting Offer of Settlement containing findings that the Moons, inter alia, engaged in private securities transactions. Department of Enforcement v….
Joseph C. Farah, of Irvine, California, a stockbroker formerly registered with Gold Coast Securities, Inc., has been named in a Financial Industry Regulatory Authority (FINRA) investigation, wherein FINRA recommended disciplinary action to be taken against Farah based upon allegations that Farah potentially violated Securities Exchange Act of 1934 Section 10(b), SEC Rule 10b-5, FINRA Rules…
Norman Kirby Farra, Junior, of Tampa, Florida, a stockbroker formerly registered with International Assets Advisory, LLC, has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate in a FINRA investigation into allegations of his involvement in undisclosed private…
TGP Securities, Inc., a brokerage firm headquartered in Summit, New Jersey, has been censured and fined $10,000.00 by Financial Industry Regulatory Authority (FINRA) based upon consenting to findings that the firm failed to appropriately supervise private securities transactions effected by two of the firm’s registered representatives. Letter of Acceptance, Waiver and Consent, No. 2015043159502 (Mar….
Denise Ann Cerveny, of Secaucus, New Jersey, a stockbroker formerly registered with Regal Securities, Inc., has been fined $7,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that she altered the new account documentation of twenty of the firm’s customers by cutting and…
Akio Lawrence Bley, of Bala Cynwyd, Pennsylvania, a stockbroker formerly registered with Mutual Service Corporation, has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Bley sold away from his firm. Letter of Acceptance, Waiver and Consent, No. 2014040860301 (Jan….
Ernest Julius Romer III, of Sterling Heights, Michigan, a stockbroker registered with CoreCap Investments, Inc., has been terminated from employment on January 20, 2017, based upon allegations that he violated the firm’s policies relating to his undisclosed outside business activities and transactions in customer accounts. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that on…
Joshua David Stamm, of Lynchburg, Virginia, a stockbroker formerly registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has been fined $10,000.00, prohibited from working in a supervisory capacity, and placed on heightened supervision based upon a Virginia State Corporation Commission Division of Securities Order containing allegations that Stamm engaged in outside business activities without…
Nicholas H. Shermeta, of Minneapolis, Minnesota, a stockbroker formerly registered with Northland Securities, Inc., has been permanently barred by the Securities and Exchange Commission (SEC) from working as an investment adviser or broker, or associating with any firm which provides investment advice or sells securities to the public, according to an Order Instituting Administrative And…
Beaconsfield Financial Services, Inc., a broker-dealer headquartered in Canonsburg, Pennsylvania, has been censured and fined $12,500.00 by Financial Industry Regulatory Authority (FINRA) based upon consenting to findings that the firm failed to supervise private securities transactions facilitated by one of the firm’s registered representatives. Letter of Acceptance, Waiver and Consent, No. 2016047658101 (Feb. 27, 2017). According…
Patrick Dennis Combs, of Houston, Texas, a stockbroker formerly registered with Morgan Stanley, has been fined $7,500.00 and suspended for seven months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he participated in private securities transactions, and concealed these activities from his firm. Letter…
John Scott Elliott, of Overland Park, Kansas, a stockbroker formerly registered with Ameriprise Financial Services, Inc., has been fined and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to respond to a FINRA information request. Letter No. 2016051253201 (Dec. 1, 2016)….
Joshua Daniel Mosshart, of Westlake Village, California, a stockbroker formerly registered with LPL Financial LLC, has been named in a customer initiated investment related arbitration claim on February 2, 2017, in which the customer requested $50,000.00 in damages based upon allegations that Mosshart solicited the customer to invest in products were not approved by LPL…
Jeremy T. Monte, of Fairport, New York, a stockbroker formerly registered with American Portfolios Financial Services, has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he partook in outside business activities and private securities transactions which his firm did…
Neal Charles Moon, and Natalie E. Fogiel Moon, both of Dallas, Texas, and stockbrokers formerly registered with Waddell & Reed, have been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that the individuals effected unauthorized private securities transactions. Department of Enforcement v. Moon et al., No. 2015046926801(July 8, 2016)….
Perry De Leeuw, of Duluth, Georgia, a stockbroker formerly registered with PFS Investments Inc., has been named in a customer initiated investment related arbitration claim on December 5, 2016, in which the customer requested $100,000.00 in damages based upon allegations that Leeuw took possession of a customer’s funds in connection with an outside business activity…
Alfred Talens Jr., of Indianapolis, Indiana, a stockbroker formerly registered with LPL Financial LLC, has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Talens failed to provide FINRA personnel with a response to a request for Talens’ information. Case No. 2015044377301 (Oct. 13,…
Patrick J. Sands, of Quincy, Massachusetts, a stockbroker formerly registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated, was terminated from employment on November 19, 2015, based upon allegations that he sold securities outside the auspices of his firm, which was a violation of his firm’s policies. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals…
David L. Ferland, of York, Maine, a stockbroker formerly registered with Invest Financial Corporation, has been named in a customer initiated investment related civil action, which settled on July 26, 2016, for $749,804.03 in damages based upon allegations that Ferland misled the customer regarding the purchase of an unsuitable annuity transaction, a home equity loan,…
Thomas E. Stamborski, of Palatine, Illinois, a stockbroker formerly registered with LaSalle Street Securities, L.L.C., has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon Stamborski’s consent to findings that he failed to cooperate with a FINRA investigation into allegations that he engaged in unauthorized outside…
Zahir Walji, of Austin, Texas, a stockbroker formerly registered Oppenheimer & Co. Inc., was named in two customer initiated investment related arbitration claims between June 6, 2010, and June 10, 2016, in which the customers collectively requested $1,640,000.00 in damages based upon allegations that Walji was liable to customers who had not received repayment of…
John Paul Corsi, of Parma, Ohio, a stockbroker formerly registered with WRP Investments, has been fined $20,000.00 and suspended for twenty months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he participated in an undisclosed outside business activity and private securities transaction, and made…
Regal Securities, a broker-dealer headquartered in Glenview, Illinois, has been censured and fined $25,000.00 by Financial Industry Regulatory Authority (FINRA) based upon consenting to findings that the firm failed to supervise the evaluation and authorization of outside business activities. Letter of Acceptance, Waiver and Consent, No. 2015043657202 (Dec. 21, 2016). According to the AWC, in…
Mark H. Botsford, of Alexandria, Virginia, a stockbroker formerly registered with Wells Fargo Advisors, LLC, has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity based upon consenting to findings that he engaged in outside business activities which were not approved by Wells Fargo. Letter of Acceptance, Waiver…
Jaime Hazael Aguilar, of San Diego, California, a stockbroker previously registered with Morgan Stanley Smith Barney, LLC, has been fired by his firm on May 10, 2016, based upon allegations that Aguilar was involved with a customer in pursuing a financial transaction outside the auspices of Morgan Stanley. FINRA Public Disclosure reveals that Aguilar has…
Raymond Willis Harrison, a stockbroker formerly associated with ProEquities, Inc. has been named in a customer initiated investment related arbitration claim on October 12, 2016, in which the customer has requested $603,000.00 in damages based upon allegations that Harrison made omissions to the customer concerning investments, did not conduct a reasonable level of due diligence…
Michael Murphy Hurtgen, of Greenwood Village, a stockbroker formerly registered with Raymond James Financial Services, Inc., was terminated by his firm and affiliate Raymond James Financial Services Advisors, Inc. on February 23, 2016, based upon allegations that he solicited investors’ interest in a private placement. The firm indicated that the private placement was connected to…
Theodore Michael Jenkin, a stockbroker from Alpharetta, Georgia, was terminated from his employer, Investacorp, Inc. based upon allegations that Jenkin did not abide by his firm’s procedures and policies concerning investments not authorized by the firm for Jenkin to sell to his customers. Since September 10, 2015, Jenkin has been registered with Kestra Investments Services,…
Joel Martin Weiner, of Boyton Beach, Florida, a stockbroker formerly associated with LaSalle Street Securities L.L.C., has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in unauthorized outside business activities. Letter of Acceptance, Waiver and Consent, No. 2015044783402 (Dec. 21,…
Kenneth Alan Balser, of Colorado Springs, Colorado, a stockbroker formerly registered with Cetera Advisors, has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate in a FINRA investigation into allegations of Balser’s participation in private securities transactions or…
Dennis Anthony Edmonds, of Wilmington, North Carolina, a stockbroker formerly registered with J.P. Turner & Company, L.L.C., was suspended for eleven months from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he engaged in unauthorized outside business activities. Letter of Acceptance, Waiver and Consent, No….
Brian Carey Sak, of Deerfield, Illinois, a stockbroker formerly registered with Morgan Stanley, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he obstructed a FINRA investigation into allegations that Sak engaged in selling away or the unauthorized solicitation of a firm customer…
John S. Hudnall, of San Francisco, California, a stockbroker formerly registered with U.S. Bancorp Investments and Bancwest Investments Services, Inc., was permanently barred by Financial Industry Regulatory Authority (FINRA) Department of Enforcement per an Office of Hearing Officers’ Order Accepting Offer of Settlement containing findings that Hudnall engaged in unauthorized private securities transactions or selling…
Dominic Thomas DeBruin, of Mesa, Arizona, a stockbroker registered with LPL Financial LLC, has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that DeBruin failed to cooperate in a FINRA investigation into allegations that DeBruin engaged in unauthorized private securities transactions or…
Dawn Bennett, of Washington, District of Columbia, a stockbroker formerly associated with Western International Securities, has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that Bennett failed to cooperate in a FINRA investigation into allegations that she potentially engaged in unauthorized private securities transactions or selling away, committed…
Richard Gomez, of New York, New York, a stockbroker formerly associated with Avenir Financial Group, has been subject to a customer initiated investment related arbitration claim on July 11, 2016, in which the customer requested $100,000.00 in damages based upon allegations that Gomez breached his fiduciary and contractual duties, and sold fraudulent investments to the…
Joseph A. Likens, of Des Peres, Missouri, a stockbroker formerly registered with LPL Financial LLC, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) Member in any capacity after consenting to findings that he failed to cooperate with a FINRA investigation into allegations that Likens participated in unauthorized private securities transactions or…
Tracy Turner, of Carlsbad, California, a stockbroker previously registered with Colorado Financial Service Corporation, was charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that Turner effected unauthorized private securities transactions or selling away, and made misrepresentations to customers in connection with such. Department of Enforcement v. Tracy Turner, No. 2015047883501 (Nov. 3, 2016)….
Janet Ross, of Irvine, California, the chief compliance officer and a registered principal of Accelerated Capital Group, was named in a pending customer initiated investment related arbitration claim on September 15, 2016, in which the customer requested $400,000.00 in damages based upon allegations that Ross failed to supervise the sales of promissory notes to the…
Richard Sampley, of Atlanta, Georgia, a stockbroker formerly registered with Raymond James & Associates, Inc., was fined $15,000.00 and suspended for ten months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he engaged in unauthorized private securities transactions. Letter of Acceptance, Waiver and Consent, No….
Michael Donnelly, of Lecanto, Florida, a stockbroker formerly associated with Coastal Equities, Inc., was named in a pending customer initiated investment related arbitration claim on July 1, 2016, in which the customer has requested $53,183.00 in damages based upon allegations against Donnelly of misappropriating the customer’s assets that the customer provided him for investment opportunities….
Nathan A. Majors, of South Holland, Illinois, a stockbroker with J.P. Morgan Securities LLC, was fined $5,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he engaged in outside business activities which were not permitted by his firm. Letter…
Feisal A. Malik, of Allentown, Pennsylvania, a stockbroker with Signator Investors, Inc., was fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he engaged in unauthorized outside business activities. Letter of Acceptance, Waiver and Consent, No. 2016048783301 (Sept. 30, 2016). According…
James Paul Kolf, of Middleton, Wisconsin, a stockbroker with New England Securities, was barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he made fraudulent misrepresentations to customers. Letter of Acceptance, Waiver and Consent, No. 2016050940701 (Sept. 6, 2016). According to the AWC, from October…
Michael Scott Lincoln, of San Diego, California, a stockbroker with LPL Financial, was fined $15,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he failed to supervise unauthorized outside business activities and unauthorized loans, and falsified statements to his firm. Letter of Acceptance,…
Steven Mark Newman, of Houston, Texas, a stockbroker with E*Trade Securities LLC, was fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity per a FINRA Office of Hearing Officers’ Order Accepting Offer of Settlement containing findings that Newman engaged in unauthorized outside business activities. Department of…
Russel Leo Sadler, of Plymouth, Massachusetts, a stockbroker with LPL Financial, LLC, was fined $25,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity for twelve months after consenting to findings that he engaged in unauthorized private securities transactions. Letter of Acceptance, Waiver and Consent, No. 2014039725301 (Sept….
Public disclosure records via FINRA’s BrokerCheck reveal that on July 26, 2016, Jeffrey E. Sigman, of Englewood, Colorado, was terminated by Neidiger, Tucker, Bruner, Inc. Apparently, the firm permitted Sigman to resign amid allegations of violating the firm’s policies regarding outside business activities. The firm indicated that it conducted an internal review into Sigman after…
Boenning & Scattergood, Inc., headquartered in West Conshohocken, Pennsylvania, was fined $100,000.00 and censured for, inter alia, failing to adequately supervise private securities transactions as well as consolidates reports. Letter of Acceptance, Waiver and Consent, No. 2014038906401 (Aug. 24, 2016). According to the AWC, between April 25, 2011, and March 13, 2014, a registered representative…
Adam Denny Estes, of Bloomington, Indiana, a stockbroker with J.J.B. Hilliard, W.L. Lyons, LLC, was fined $15,000.00 and suspended for fifteen months from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he engaged in private securities transactions and outside business activities, and made misstatements to…
Michael J. Barranco, of Montgomery, Alabama, a stockbroker with LPL Financial, LLC, was fined $20,000.00 and suspended for two years from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he engaged in the unauthorized participation of private securities transactions. Letter of Acceptance, Waiver and Consent,…
Thomas J. Brenner, Jr., of Orrville, Ohio, a stockbroker with First American Securities, Inc., was fined $30,000.00 and suspended for sixteen months from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he made misrepresentations and unsuitable recommendations with regard to private placement transactions. Letter of…
Henry Liaw, of Clayton, Missouri, a stockbroker with AXA Advisors, LLC, was fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he engaged in unauthorized outside business activities. Letter of Acceptance, Waiver and Consent, No. 2014042365201 (Aug 8, 2016). According to…
Brian James Egan, of Laguna Niguel, California, a stockbroker with Independent Financial Group, LLC, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member after consenting to findings that he failed to disclose outside trading accounts, made misrepresentations to his firm, and obstructed a FINRA investigation into allegations of his misconduct. Letter…
James Earl Mahan, of Braunfels, Texas, a stockbroker with J.P. Morgan Securities LLC, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm after consenting to findings that he obstructed a FINRA investigation into allegations of his unauthorized outside business activities. Letter of Acceptance, Waiver and Consent, No. 2015047115101 (July 25,…
Dustin Cain Walsh, of Saint Louis, Missouri, a stockbroker with Scottrade, Inc., was fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he obstructed a FINRA investigation into allegations of Walsh’s unauthorized outside business activities. Letter of Acceptance, Waiver and Consent,…
J. Randall Gladden of El Cajon, California, a stockbroker with Securities Equity Group, was fined $15,000.00 and suspended for twelve months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity per an Office of Hearing Officers’ Order Accepting Offer of Settlement containing findings that Gladden had engaged in unauthorized private securities…
Nathan Silva, of Omaha, Nebraska, a stockbroker with Ameritas Investment Corp., was barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he obstructed a FINRA investigation into allegations of misconduct against him. Letter of Acceptance, Waiver and Consent, No. 20140426897-01 (July 8, 2016). According to…
Arthur Espinoza, of Vero Beach, FL, a stockbroker with Freedom Investors Corporation, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he engaged in outside business activities, misrepresented documents to his firm, and failed to cooperate in a FINRA investigation into his misconduct….
Brandon D. Gioffre, of New York, New York, a stockbroker with Constellation Wealth Advisors LLC, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he engaged in unauthorized private securities transactions. Letter of Acceptance, Waiver and Consent, No. 2015046448701 (June 22, 2016)….
Andres F. Talero, of Miami, Florida, a stockbroker with Invex, Inc., was fined $50,000.00 and suspended for two years from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he engaged in outside business activities and private securities transactions. According to the AWC, in June 29,…
Dennis Mark Adam Merritt, of Clearwater, Florida, a stockbroker with Wells Fargo, was suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity pursuant to an Order Accepting Offer of Settlement containing findings that Merritt engaged in private securities transactions, made unsuitable recommendations to investors, and falsified information to Wells Fargo…
Richard Gomez, of New York, New York, a stockbroker with Legend Securities, Inc., was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity in connection with a Hearing Panel Decision containing findings that Gomez engaged in private securities transactions, and made unsuitable recommendations to investors. Department of Enforcement…
Daniel S. Miller, of San Francisco, California, a stockbroker with Growth Capital, was fined $5,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he engaged in unauthorized private securities transactions. Letter of Acceptance, Waiver and Consent, No. 2015044394701 (May 26,…
Lizabeth Gotuaco Ty of Houston, Texas, a stockbroker with Park Avenue Securities LLC, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that she obstructed a FINRA investigation into allegations of her involvement in unregistered securities sales. Letter of Acceptance, Waiver and Consent, No….
Robert J. Kerrigan, of Scottsdale, Arizona, a stockbroker with First Financial Equity Corporation, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he obstructed a FINRA investigation into his alleged misconduct. Letter of Acceptance, Waiver and Consent, No. 2015047151401 (May 11, 2016)….
Justin K. Wine, of Cherry Hill, New Jersey, a stockbroker with LPL Financial LLC, was fined $12,500.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he engaged in unauthorized private securities transactions. Letter of Acceptance, Waiver and Consent, No. 2012033934201(May…
Paul Anthony Akre, of Waukesha, Wisconsin, a stockbroker with Wells Fargo Advisors, LLC, was fined $15,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he engaged in unauthorized outside business activities, a private securities transaction, and improper loans with customers….
Eric Kuchel, of Brea, California, a stockbroker with Crown Capital Securities, L.P., was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member per a Default Decision from FINRA’s Department of Enforcement containing findings that Brea failed to cooperate in a FINRA investigation into Kuchel’s alleged private securities transactions. Department of Enforcement v….
Peyton Nelson Jackson, of New York, New York, was fined $20,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member firm after consenting to findings that he engaged in unauthorized outside business activities. Letter of Acceptance, Waiver and Consent, No. 2012032095801 (Apr. 28, 2016). According to the AWC, FINRA launched…
Steven Silver, of New York, New York, a stockbroker with Casimir Capital L.P., was fined $10,000.00 and suspended for six months from associating with a Financial Industry Regulatory Authority (FINRA) member in any capacity, and disgorged of $40,000.00 in connection with an Order Accepting Offer of Settlement containing findings that Silver engaged in unauthorized private…
Robert Turpin, of Scottsdale, Arizona, a stockbroker with Source Capital Group, Inc., was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he failed to cooperate in a FINRA investigation into allegations of his private securities transactions. Letter of Acceptance, Waiver and Consent,…
John S. Hudnall, of San Francisco, California, a stockbroker with U.S. Bancorp Investments and Bancwest Investments Services, Inc., was charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that Hudnall engaged in unauthorized private securities transactions, unsuitable recommendations, and made false representations to FINRA regarding his misconduct. Department of Enforcement…
Jeffrey C. Borneman, of Lancaster, Kentucky, a stockbroker with Cambridge Investment Research, was fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he engaged in an unauthorized private securities transaction. Letter of Acceptance, Waiver and Consent, No. 2015044368901 (Apr. 22, 2016). According…
Frank John Capuano, of Holyoke, Massachusetts, a stockbroker with Royal Alliance Associates, Inc., was fined $10,000.00 and suspended for a year from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he engaged in unauthorized private securities transactions. Letter of Acceptance, Waiver and Consent, No. 2015046273001…
Scott Muirhead, of Jacksonville, Florida, a stockbroker with Merrill Lynch, Pierce, Fenner & Smith, Inc., was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that Muirhead failed to comply with a FINRA investigation. Letter of Acceptance, Waiver and Consent, No. 20150447853-01 (Apr. 19,…
Bruce William McNabb, of San Antonio, Texas, a stockbroker with Merrill Lynch, Pierce, Fenner & Smith, Inc., was fined $50,000.00 and suspended for two years from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he engaged in an unauthorized private securities transaction. Letter of Acceptance,…
Mark Peter Koestner, of Naples, Florida, a stockbroker with Wells Fargo Advisors, LLC, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he obstructed a FINRA investigation into allegations that he engaged in unauthorized private securities transactions. Letter of Acceptance, Waiver and…
George Dahl, of New York, New York, a stockbroker with Newport Coast Securities, was fined $20,000.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he engaged in unauthorized outside business activities; placed unauthorized trades in a customer’s account; and…
John L. Shockey, of Shreveport, Louisiana, a stockbroker with Merrill Lynch, Pierce, Fenner & Smith, Inc., was fined $15,000.00; disgorged of $70,070.00; and suspended for one year from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he engaged in the participation of multiple unauthorized private…
Kevin J. Kuhlow, of Los Gatos, California, a stockbroker with LPL Financial LLC, was permanently barred from associating with any Financial Industry. 2016048430801 (Mar. 16, 2016). According to the AWC, LPL informed FINRA that it terminated Kuhlow on March 3, 2016, amid allegations of Kuhlow’s conduct of directing LPL’s customers to unapproved investments or selling away. FINRA…
Alfred K. Chan, of Oakland, California, a stockbroker with Signator Investors, Inc., was fined $10,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he engaged in unauthorized outside business activities, and distributed unapproved and unbalanced sales materials to prospective customers….
Robert Kevin Connors, of New York, New York, a stockbroker with Gilford Securities Incorporated, was fined $10,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he engaged in unauthorized private securities transactions or selling away and unauthorized borrowing from a…
Jeffrey S. Ingros, of Beaver, Pennsylvania, a stockbroker with Raymond James Financial Services, Inc., was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he failed to cooperate in a FINRA investigation into allegations that he engaged in unauthorized loans and outside business activities….
Lev Slootsky, of New York, New York, a stockbroker with Goldman, Sachs & Co., was fined $15,000.00 and suspended for one year from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he engaged in unauthorized private securities transactions and outside business activities. Letter of Acceptance,…
Kenneth J. Mathieson, of New York, New York, a stockbroker with Morgan Stanley, was charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that Mathieson engaged in private securities transactions, outside business activities, and false compliance certifications. Department of Enforcement v. Mathieson, No. 2014040876001 (Mar. 3, 2016). According to the Complaint,…
Wayne Anthony Shultz, of Branchburg, New Jersey, was barred from associating with any Financial Industry Regulatory Authority (FINRA) member in all capacities after consenting to findings that he obstructed a FINRA investigation into notes that Schultz issued a client. Letter of Acceptance, Waiver and Consent, No. 2015044640601 (Feb. 5, 2016). According to the AWC, on…
Kevin Patrick Murphy of Summit, New Jersey, a stockbroker with TGP Securities, Inc., was fined $10,000.00 and suspended for twelve months from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he had engaged in unauthorized private securities transactions. Letter of Acceptance, Waiver and Consent, No….
William Wesley Marshall of Plano, Texas, a stockbroker for Ameriprise Financial Services Inc., was fined $10,000.00 and suspended for fifteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he engaged in unauthorized private securities transactions. Letter of Acceptance, Waiver and Consent, No. 2012033291204 (Feb….
Brian Lewis Pittman of Miami, Florida, a stockbroker with Sabadell Securities USA, Inc., was fined $10,000 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in all capacities after consenting to findings that he engaged in unauthorized private securities transactions. Letter of Acceptance, Waiver and Consent, No. 2016048480901 (Feb….
Sheldon Harber of St. Louis, Missouri, a stockbroker with Cambridge Investment Research, Inc., was fined $10,000 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he engaged in unauthorized private securities transactions. Letter of Acceptance, Waiver and Consent, No. 2014042539101 (Jan….
Michael William Hajeck III of St. Petersburg, Florida, a stockbroker with Genworth and Cetera Financial Services, LLC, was fined $35,000 and suspended for eighteen months by Financial Industry Regulatory Authority (FINRA) from associating with a FINRA member in any and all capacities after consenting to findings that he engaged in undisclosed outside business activities and…
Jason Daniel Sayles of St. Petersburg, Florida, a stockbroker with Genworth and Cetera Financial Services, LLC, was fined $15,000 and suspended for ten months by Financial Industry Regulatory Authority (FINRA) from associating with a FINRA member in any and all capacities after consenting to findings that he engaged in undisclosed outside business activities and private…
Michael Joseph Cortes of Hauppauge, New York, was fined $15,000 and suspended for six-months from associating with any Financial Industry Regulatory Authority (FINRA) member firm in all capacities after consenting to findings that he engaged in unauthorized outside business activities; willfully failed to disclose tax warrants and a lien; and borrowed from funds in violation…
Kevin Donald Wanner of Bismarck, North Dakota, a stockbroker with Questar Capital Corporation, was barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any and all capacities after he consented to findings that he failed to cooperate with a FINRA investigation. Letter of Acceptance, Waiver and Consent, No. 2015048162701 (Jan. 11, 2016)….
Thomas Edmund Connors, of Toms River, New Jersey, a stockbroker with Prime Capital Services, Inc., was fined $40,000 and suspended for fourteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity in connection with a FINRA Office of Hearing Officers Hearing Panel Decision containing findings that Connors engaged in undisclosed…
Michael A. Nahass of Irvine, California, a stockbroker with Arque Capital, was fined $15,000.00 and suspended from association with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he engaged in undisclosed outside business activities, opened an undisclosed outside securities account, and submitted false compliance questionnaires. Letter of…
Eric W. Kuchel of Brea, California, a stockbroker with LPL Financial LLC, was charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that Kuchel repeatedly delayed and failured to provide requested testimony in connection with a FINRA investigation into Kuchel’s alleged mutual fund transactions and private securities transactions. Department of…
John Vincent Ballard of Memphis, Tennessee, a stockbroker with International Finance Solutions, Inc., was barred by Financial Industry Regulatory Authority (FINRA) per a National Adjudicatory Council Decision affirming findings that Ballard had engaged in undisclosed outside business activities, failed to provide documents in response to FINRA’s request for documents, and failed to appear for on-the-record…
Randall Gladden of El Cajon, California, a stockbroker with Securities Equity Group, was just charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that Gladden had engaged in unauthorized private securities transactions; undisclosed outside business activities; and made material misrepresentations and omissions. Department of Enforcement v. J. Randall Gladden, No….
Valentino Infante of Miami, Florida, a Stockbroker with Wells Fargo Advisors LLC, was barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity per an Office of Hearing Officers Default Decision containing findings that Infante engaged in outside business activities without providing his employer with prior written notice; provided false…
Scott J. Freeze of Huntington Valley, Pennsylvania, a stockbroker with Street One Financial (SOF), was fined $10,000 and suspended for three-months from association with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he had improperly engaged in outside business activities. Letter of Acceptance, Waiver and Consent, No….
Aon D. Miller of Chattanooga, Tennessee, a stockbroker with Benjamin F. Edwards & Company, was fined $50,000 and suspended for two years from association with any Financial Industry Regulatory Authority (FINRA) member per an FINRA Extended Hearing Panel Decision which contained findings that Miller engaged in private securities transactions without providing prior written notice to…
Yinyi Chen of Alhambra, California, a stockbroker with Fortune Securities, Inc., was fined $7,500.00 and suspended for thirty days from association with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity after consenting to findings that she failed to supervise the investment-advisory activities of a Stockbroker’s private securities transactions. Letter of Acceptance, Waiver…
Paul D. Garnett of Beatrice, Nebraska, a registered representative for Edward Jones, was fined $40,000 and suspended for one year from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he participated in unauthorized private security transactions and an outside business activity. Letter of Acceptance, Waiver and…
Comprehensive Asset Management and Servicing, Inc. (CAMS), headquartered in Parsippany, New Jersey, was censured and fined $475,000 by Financial Industry Regulatory Authority (FINRA) after consenting to findings that the firm had failed to meet supervisory obligations including 1) the review and retention of consolidated reports; 2) private securities transactions; and 3) variable annuities. Letter of…
North American Securities Administrators Association (NASAA) released its annual list of top investor threats. The top investor threats were compiled from a survey from the various state securities regulators to identify the five most problematic schemes. Following the launch of the Investment Fraud Bingo Program, it is uncertain whether the Commonwealth of Pennsylvania Department of…
Timothy Rodgers of Overland Park, Kansas, a registered stockbroker with Wells Fargo Advisors, LLC, was fined $10,000 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he had engaged in unauthorized private securities transactions and made false statements to his firm…
Joseph R. Holzhause of Henderson, Nevada, a registered representative with Waddell & Reed, was barred in all capacities from associating with any Financial Industry Regulatory Authority (FINRA) member in any and all capacities after consenting to findings that he had signed and distributed to a third party a false and materially misleading letter, failed to…
James Michael Johnson of Richmond, Virginia, a registered representative with Commonwealth Financial Network, was suspended in all capacities from association with any Financial Industry Regulatory Authority (FINRA) member firm for two years, and fined $50,000 after consenting to findings that he made negligent misrepresentations and omissions to firm customers in connection with securities investments, while…
Jack Stuart O’Brien, Jr. of San Jose, California, a registered representative with Princor Financial Services Corporation, was barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any and all capacities after consenting to findings that he failed to cooperate with FINRA’s investigation into allegations that O’Brien accepted unauthorized compensation from a firm…
Sheik F. Abida Khan of Murrieta, California, a registered representative with Ameritas Investment Corp., was suspended from associating with any Financial Industry Regulatory Authority (FINRA) broker-dealer in any capacity for a period of four months plus ten additional days for participation in outside business activities without notice to his firm, sending misleading and false statements…
Following both an SEC action and a criminal action, Joshua B. Gladtke of New York, New York, a registered representative formerly with Arjent LLC, was permanently barred by Financial Industry Regulatory Authority (FINRA) after he failed to appear for on-the-record testimony in connection with an investigation into Gladtke’s private securities transactions. Letter of Acceptance, Waiver…
Jason L. Reid of New York, NY, a registered representative with Halcyon Cabot Partners, Ltd., was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any and all capacities after consenting to findings that he sold securities by means of false and misleading information; acted as a principal and engaged in…
Daniel Kasbar of Hollywood, Florida, a registered representative with LPL Financial, LLC, was permanently barred from association with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he failed to cooperate with a FINRA investigation into allegations that Kasbar engaged in undisclosed outside business activities. Letter of Acceptance,…
Donna Kay Beers of Dallas, Texas, a registered representative with Titan Securities of Addison Texas (CRD No. 131392), was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that she failed to cooperate with a FINRA investigation into allegations that Beers had engaged in…
Xavier R. Endress of Bloomfield Hills, Michigan, a registered representative with Merrill Lynch, Pierce, Fenner & Smith, Inc., was permanently barred from association with any Financial Industry Regulatory Authority (FINRA) registered firm in all capacities after consenting to findings that he engaged in undisclosed outside business activities and provided false information to his employer in…
Richard J. Rubin, Jr. of Stamford, Coonecticut, a registered representative for Northwestern Mutual, was fined $5,000 and suspended for fifteen days from association with any Financial Industry Regulatory Authority (FINRA) member firm in any and all capacities after consenting to findings that he engaged in an outside business activity without the written approval of his…
Chandler D. Le of Bala Cynwyd, Pennsylvania, a registered representative with NYL Securities, was fined $7,500 and suspended for two months from associating with any Financial industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he engaged in an outside business activity and commingled customer funds in a business account…
Tracy Neal Wengert from Mesa, Arizona, a stockbroker with Transamerica Financial Advisors, Inc., was permanently barred from association with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he had failed to comply with FINRA’s investigation into allegations against Wengert, including that he opened brokerage accounts outside of his…
Randy Warren Burke of Hickory, North Carolina, a stockbroker with Synergy Investment Group, LLC, Capital Investment Group, Inc., and most recently Carlton & Associates, Inc., was permanently barred in all capacities from associating with any Financial Industry Regulatory Authority (FINRA) member after consenting to findings that he participated in private securities transactions that were not…
Clifford Morgan from Chicago, Illinois, a stockbroker with Uhlmann Price Securities, LLC, was barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he had engaged in private securities transactions without approval from his firm; made material misrepresentations to firm customers; and failed to fully and…
David A. Scholl of Grand Rapids, Michigan, a stockbroker with PlanMember Services Inc., was fined $5,000 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he participated in private securities transactions in violation of his firm’s policies. Letter of Acceptance,…
Fred Perelman, a Stockbroker with Avenir Financial Group, was charged by Financial Industry Regulatory Authority Department of Enforcement in a Complaint alleging that Perelman failed to cooperate in a FINRA investigation into Perelman’s outside business activities and business practices within Avenir. Department of Enforcement v. Perelman, No. 2015047104201 (Oct. 18, 2015). According to the Complaint,…
Aaron Heimowitz, a Stockbroker with Newport Coast Securities, was suspended from association with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity for a period of seven months and fined $15,000 after consenting to findings that Heimowitz participated in private securities transactions and outside business activities in violation of firm policies. Letter of…
Brodie Johnson, a Stockbroker with Merrill Lynch, was permanently barred from association with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that Johnson had failed to provide information and documentation pursuant to a FINRA investigation into Johnson’s alleged outside business activities and trading in personal accounts. Letter of Acceptance,…
John Thomas Oates, Jr., a Stockbroker with Cetera Financial Specialists LLC, was suspended from association with any Financial Industry Regulatory Authority (FINRA) member in any and all capacities for six months and fined $10,000 after consenting to findings that Oates engaged in outside business activities in violation of his firm’s policies. Letter of Acceptance, Waiver,…
Paul Joseph Godlewski, a Stockbroker with Allstate Financial Services, LLC, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he failed to cooperate with a FINRA investigation into allegations that he engaged in unapproved outside business activities and failed to follow his firm’s…
Jon L. Cox, a Stockbrokerwith LPL Financial, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member after consenting to findings that he failed to cooperate with a FINRA investigation into allegations that Cox had violated his firm’s policies concerning outside business activities. Department of Enforcement v. Jon L. Cox, No. 2014040234701…
Sylvester King Jr., a Stockbroker with Morgan Stanley Smith Barney LLC, was suspended from association with any Financial Industry Regulatory Authority (FINRA) member in any and all capacities for eighteen months and fined $35,000 after consenting to findings that he circumvented his firm’s policies and procedures, made an unauthorized loan to a customer, and engaged…
Michael Tepedino, a Stockbroker for Allstate, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he failed to cooperate with FINRA in their investigations into allegations that Tepedino was involved in outside business activities. Letter of Acceptance, Waiver, and Consent, No. 2014042533801 (June…
Vicki Smith, a Stockbrokerwith Country Capital Management Corp, was permanently barred in all capacities with any Financial Industry Regulatory Authority (FINRA) firm after consenting to findings that she engaged in undisclosed outside business activities and converted funds from a customer. Letter of Acceptance, Waiver, and Consent, No. 2013037426001 (June 5, 2015). Smith is barred from…
Brian Scott Exford, a registered representative with IBN Financial Services, Inc., was permanently barred from association with any Financial Industry Regulatory Authority (FINRA) member in any and all capacities after failing to appear for on-the-record testimony in connection with an investigation into allegations that Exford engaged in a private securities transaction. Letter of Acceptance, Waiver,…
Jeffrey A. Mohlman, a registered representative with Questar Capital Corporation, was permanently barred in all capacities from associating with any Financial Industry Regulatory Authority (FINRA) member after consenting to allegations that he had failed to cooperate with FINRA’s investigation into allegations that Mohlman engaged in unapproved and undisclosed private securities transactions. Letter of Acceptance, Waiver,…
Jeffrey E. Rodgers, a registered representative with Morgan Stanley, was charged by the Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that Rodgers accepted an unauthorized customer loan, engaged in outside business activities, made false statements on an annual compliance questionnaire, and failed to provide documentation and information to FINRA pursuant to Rule 8210….
Royce O. Simpson, a registered representative with Oppenheimer & Co. Inc., was suspended from association with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity and faced a $15,000.00 fine after consenting to findings that he engaged in outside business activities without approval of his firm, while also failing to timely respond to…
Raymond Daniel Schmidt, a registered representative with LPL Financial, LLC, was permanently barred from association with any Financial Industry Regulatory Authority (FINRA) regulated broker-dealer in any capacity after consenting to findings that he engaged in prohibited customer loans, undisclosed outside business activities, made false statements to a FINRA broker-dealer, and failed to cooperate with regulators…
Christopher Frederic Veale, a registered representative who worked at eighteen brokerage firms in 18 years, 7 of which were expelled by FINRA, was charged by the Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that Veal failed to provide written documentation, information, and on-the-record testimony concerning an investigation into potential violations of securities laws….
James E. Scott, a registered representative with FSC Securities Corp., was permanently barred from associating with any Financial Industry Regulatory Authority in any and all capacities via terms of an Order Accepting Offer of Settlement containing allegations that Scott had aided and abetted an individual in the sale and recommendation of certain unauthorized securities transactions,…
Richard Ernest Griffin of Cleveland Ohio, a former general securities representative with Financial America Securities, Inc., was permanently barred in any and all capacities with a FINRA regulated entity after failing to appear and provide testimony in connection with a FINRA investigation into Griffin’s outside business activities. FINRA Letter of Acceptance, Waiver, and Consent No….
Bradley Claus of Greenwood Village, CO, a former securities broker with Transamerica Financial Advisors, Inc., was permanently barred from association with any FINRA-registered firm in all capacities after FINRA found that Claus had made material misrepresentations via his securities sales efforts, along with participating in private securities transactions not approved by his former firm, in…
Kenneth E. Crosser of Ottumwa, Iowa, a former registered representative with Girard Securities, Inc., was permanently barred from association with any FINRA-registered firm in all capacities after failing to appear for on-the-record testimony in connection with FINRA’s investigation into allegations that Crosser engaged in sales of structured settlement cash flow instruments to multiple investors without…
FSC Securities is a “franchise” broker-dealer, purports to be America’s largest networks of independent advisors, with more than “1,500 financial advisors” operating from more than 238 geographically dispersed “independent” branch offices “across the United States. FSC Securities is also part of the AIG Advisory Group Barry G. Hartman Until March 2013, Barry G. Hartman was…
Signator Investors, Inc. former stockbroker James R. Glover of White Hall, Maryland has been found, pursuant to a final order issued by the United States Securities & Exchange Commission, to have defrauded at least 125 clients or brokerage customers in connection with the sale of the securities of Colonial Tidewater Realty Income Partners, LLC. Glover is…
LPL purports to be “America’s No. 1 independent brokerage firm – with more than 17,601 registered representatives, based in 1,800 branch offices nationwide.” From at least August 2007 through sometime in 2012, Walter Chao was the branch manager of a San Mateo office of LPL Financial. According to FINRA According to the Financial Industry Regulatory…
Julius F. Kenney IV, formerly associated with the Calhoun Georgia office of LPL Financial, Inc., was barred last month by the Financial Industry Regulatory Authority for the failure to cooperate with FINRA in connection with the investment of $215,000 by one of his customers in his Mellow Mushroom business. Kenny Was Terminated by LPL Financial…
Roy Rogers, a wholly owned subsidiary of the Marriot Host Corporation, is commonly known as the purveyor of the Double R Bar Burger, which in fact is a hamburger topped with ham. It is quite delicious, particularly when topped with Texas style barbeque sauce. However, except at isolated rest stops on the New Jersey…
Equinox Securities, a FINRA registered broker-dealer since April 2008 headquartered in Redlands, CA, offers general securities to the public via 27 FINRA registered representatives. The Firm, along with President/CCO Stephen Michael Oliveira, and registered representative Chris Blaine Palkowitsh, were charged by FINRA Department of Enforcement in a Complaint containing allegations that Palkowitsh and Equinox excessively…
Matthew Joel Levitt of Redlands, CA, a former direct participation programs representative with Equinox Securities, Inc., was barred from association with any FINRA registered firm in all capacities after Levitt failed to cooperate with a FINRA investigation concerning Levitt’s offered and sale of securities while employed with Equinox in violation of NASD, FINRA, and federal…
Lee R. Sobel of Redlands, CA, a former direct participation programs representative with Equinox Securities, Inc., was charged by FINRA Department of Enforcement in a Complaint containing allegations that Sobel failed to appear for an on-the-record interview in connection with FINRA’s investigation of Sobel’s offer and sale of private placements during his employment with Equinox…
NFP Advisor Services, a FINRA member firm since 1997 headquartered in Austin, TX, conducts general securities business via 1,924 registered individuals and 673 branch offices. The firm, in proposing settlement of rule violations alleged by FINRA without admitting or denying the findings, consented to a FINRA censure and fine of $500,000 in connection with failing…