Selling Away and Outside Activities

Archive | Selling Away and Outside Activities

FINRA Bars NTB Financial Stockbroker For Selling Away

July 12, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Promissory Notes, Selling Away and Outside Activities   |   Comments Off on FINRA Bars NTB Financial Stockbroker For Selling Away

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 […]

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Morgan Stanley Terminates Stockbroker For Outside Business Activities

July 12, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on Morgan Stanley Terminates Stockbroker For Outside Business Activities

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 […]

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Northwestern Mutual Stockbroker Sanctioned By FINRA

July 07, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on Northwestern Mutual Stockbroker Sanctioned By FINRA

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 […]

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FINRA Bars Spartan Capital Stockbroker In Selling Away Investigation

July 07, 2021  |   Posted by :   |   Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on FINRA Bars Spartan Capital Stockbroker In Selling Away Investigation

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 […]

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FINRA Bars Park Avenue Securities Stockbroker

June 12, 2021  |   Posted by :   |   Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on FINRA Bars Park Avenue Securities Stockbroker

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 […]

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Wavecrest Securities Stockbroker Barred By FINRA

June 12, 2021  |   Posted by :   |   Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on Wavecrest Securities Stockbroker Barred By FINRA

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 […]

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Joseph Stone Stockbroker Charged In Axe Marketing Investigation

June 12, 2021  |   Posted by :   |   Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on Joseph Stone Stockbroker Charged In Axe Marketing Investigation

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 […]

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FINRA Bars Citizens Securities Stockbroker In Investigation

June 12, 2021  |   Posted by :   |   Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on FINRA Bars Citizens Securities Stockbroker In Investigation

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 […]

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FINRA Bars LPL Stockbroker In Investigation

May 31, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs, Selling Away and Outside Activities, Unsuitable Investment Recommendations   |   Comments Off on FINRA Bars LPL Stockbroker In Investigation

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 […]

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LPL Stockbroker Sanctioned For Outside Business Activities

May 31, 2021  |   Posted by :   |   Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on LPL Stockbroker Sanctioned For Outside Business Activities

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 […]

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Investors Accuse Royal Alliance Of Misrepresentation

May 31, 2021  |   Posted by :   |   Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on Investors Accuse Royal Alliance Of Misrepresentation

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 […]

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FINRA Revokes Stockbroker’s License For Failure to Pay Note to Former Employer

May 31, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Selling Away and Outside Activities, Stockbroker Theft, Unauthorized Trading   |   Comments Off on FINRA Revokes Stockbroker’s License For Failure to Pay Note to Former Employer

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. […]

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FINRA Bars MML Stockbroker In Investigation

May 31, 2021  |   Posted by :   |   Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on FINRA Bars MML Stockbroker In Investigation

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 […]

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Fusion Analytics Stockbroker Barred By FINRA

May 31, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Over Concentration, Selling Away and Outside Activities   |   Comments Off on Fusion Analytics Stockbroker Barred By FINRA

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 […]

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Investors Bring FINRA Arbitration Against First Allied Securities For Fraud

May 31, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Securities Arbitration Claims, Securities Fraud, Selling Away and Outside Activities   |   Comments Off on Investors Bring FINRA Arbitration Against First Allied Securities For Fraud

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 […]

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IAA Stockbroker Sanctioned For Outside Business Activities

May 31, 2021  |   Posted by :   |   Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on IAA Stockbroker Sanctioned For Outside Business Activities

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 […]

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Pruco Stockbroker Sanctioned By FINRA For Selling Away

May 31, 2021  |   Posted by :   |   Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on Pruco Stockbroker Sanctioned By FINRA For Selling Away

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 […]

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FINRA Sanctions Questar Stockbroker For Selling Away

May 15, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on FINRA Sanctions Questar Stockbroker For Selling Away

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, […]

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WestPark Stockbroker Barred In Selling Away Investigation

May 15, 2021  |   Posted by :   |   Boilerroom Sales, Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on WestPark Stockbroker Barred In Selling Away Investigation

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 […]

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FINRA Bars Securities America Stockbroker In Investigation

May 15, 2021  |   Posted by :   |   Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on FINRA Bars Securities America Stockbroker In Investigation

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 […]

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FINRA Bars TIAA-CREF Stockbroker In Investigation

May 15, 2021  |   Posted by :   |   Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on FINRA Bars TIAA-CREF Stockbroker In Investigation

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 […]

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IFS Stockbroker Charged With Unsuitable Recommendations

May 15, 2021  |   Posted by :   |   Investment and Regulatory News, Promissory Notes, Selling Away and Outside Activities, Unsuitable Investment Recommendations   |   Comments Off on IFS Stockbroker Charged With Unsuitable Recommendations

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 […]

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FINRA Bars Joseph Stone Stockbroker In Investigation

May 15, 2021  |   Posted by :   |   Boilerroom Sales, Excessive Trading, Investment and Regulatory News, Selling Away and Outside Activities, Unsuitable Investment Recommendations   |   Comments Off on FINRA Bars Joseph Stone Stockbroker In Investigation

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 […]

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Wells Fargo Stockbroker Sanctioned By FINRA

April 18, 2021  |   Posted by :   |   Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on Wells Fargo Stockbroker Sanctioned By FINRA

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 […]

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Moloney Stockbroker Sanctioned For Selling Away

April 18, 2021  |   Posted by :   |   Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on Moloney Stockbroker Sanctioned For Selling Away

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 […]

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Morgan Stanley Sued For Private Securities Transactions

April 18, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on Morgan Stanley Sued For Private Securities Transactions

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. […]

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Cabot Lodge Securities Terminates Stockbroker For Cause

March 31, 2021  |   Posted by :   |   Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on Cabot Lodge Securities Terminates Stockbroker For Cause

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 […]

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Advisory Group Equity Services Stockbroker Investigated

March 31, 2021  |   Posted by :   |   Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on Advisory Group Equity Services Stockbroker Investigated

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 […]

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IFG Sued By Investors In Promissory Note Scheme

March 31, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Ponzi Schemes, Promissory Notes, Selling Away and Outside Activities   |   Comments Off on IFG Sued By Investors In Promissory Note Scheme

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 […]

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Purshe Kaplan Stockbroker Caught Selling Away

March 31, 2021  |   Posted by :   |   Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on Purshe Kaplan Stockbroker Caught Selling Away

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 […]

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