Selling Away and Outside Activities

Archive | Selling Away and Outside Activities

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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FINRA Bars LPL Stockbroker In Investigation

March 18, 2021  |   Posted by :   |   FINRA Securities Arbitration, Forgery, Investment and Regulatory News, Ponzi Schemes, Selling Away and Outside Activities   |   Comments Off on FINRA Bars LPL Stockbroker In Investigation

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 […]

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Packerland Stockbroker Sanctioned For Selling Away In $300 Million Ponzi Scheme

March 18, 2021  |   Posted by :   |   Investment and Regulatory News, Ponzi Schemes, Selling Away and Outside Activities   |   Comments Off on Packerland Stockbroker Sanctioned For Selling Away In $300 Million Ponzi Scheme

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 […]

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FINRA Bars Bankers Life Stockbroker In Investigation

March 18, 2021  |   Posted by :   |   Forgery, Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on FINRA Bars Bankers Life Stockbroker In Investigation

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 […]

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Kestra Investment Services Stockbroker Barred By FINRA

March 18, 2021  |   Posted by :   |   Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on Kestra Investment Services Stockbroker Barred By FINRA

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 […]

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FINRA Bars JP Morgan Stockbroker In Investigation

March 18, 2021  |   Posted by :   |   Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on FINRA Bars JP Morgan Stockbroker In Investigation

Nedjeen Baptiste of Lantana Florida 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 based on findings that she failed to follow FINRA’s instructions during the period that she was under investigation for possibly violating FINRA rules on outside […]

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Chelsea Financial Stockbroker Barred In Selling Away Investigation

March 18, 2021  |   Posted by :   |   Investment and Regulatory News, Promissory Notes, Selling Away and Outside Activities   |   Comments Off on Chelsea Financial Stockbroker Barred In Selling Away Investigation

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 […]

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FMN Stockbroker Sanctioned For Selling Away

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

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 […]

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LPL Stockbroker Barred In FINRA Investigation

March 08, 2021  |   Posted by :   |   Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on LPL Stockbroker Barred In FINRA Investigation

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 […]

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Investors File Arbitration Claim Against Kestra

March 08, 2021  |   Posted by :   |   Breach of Fiduciary Duty, Investment and Regulatory News, Selling Away and Outside Activities, Unregistered Securities   |   Comments Off on Investors File Arbitration Claim Against Kestra

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) […]

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FINRA Sanctions Kingsbury Stockbroker For Selling Away

March 08, 2021  |   Posted by :   |   Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on FINRA Sanctions Kingsbury Stockbroker For Selling Away

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 […]

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Wells Fargo Stockbroker Barred In Selling Away Scheme

March 08, 2021  |   Posted by :   |   Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on Wells Fargo Stockbroker Barred In Selling Away Scheme

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 […]

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FINRA Sanctions Woodrock Securities Stockbroker For Selling Outside Investments

March 08, 2021  |   Posted by :   |   Investment and Regulatory News, Private Placement Fraud, Promissory Notes, Selling Away and Outside Activities   |   Comments Off on FINRA Sanctions Woodrock Securities Stockbroker For Selling Outside Investments

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 […]

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Merrill Lynch Stockbroker Barred In Investigation

February 16, 2021  |   Posted by :   |   Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on Merrill Lynch Stockbroker Barred In Investigation

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 […]

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FINRA Sanctions JP Morgan Stockbroker For Selling Away

February 16, 2021  |   Posted by :   |   Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on FINRA Sanctions JP Morgan Stockbroker For Selling Away

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 […]

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FINRA Sanctions AXA Stockbroker For Misrepresentation

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

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

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Investors File Claims Against Northwestern Mutual Involving Charlotte Investment Scheme

February 11, 2021  |   Posted by :   |   Alternative Investments, FINRA Securities Arbitration, Hedge Funds, Selling Away and Outside Activities   |   Comments Off on Investors File Claims Against Northwestern Mutual Involving Charlotte Investment Scheme

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 […]

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FINRA Bars Centaurus Stockbroker In Investigation

February 01, 2021  |   Posted by :   |   Investment and Regulatory News, Misappropriation of Funds, Selling Away and Outside Activities, Stockbroker Theft   |   Comments Off on FINRA Bars Centaurus Stockbroker In Investigation

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 […]

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Thrivent Stockbroker Sanctioned For Outside Business Activities

February 01, 2021  |   Posted by :   |   Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on Thrivent Stockbroker Sanctioned For Outside Business Activities

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 […]

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New Jersey Revokes Columbia Stockbroker’s License

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

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

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PFS Sued By Investors For Promissory Notes

January 19, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Promissory Notes, Selling Away and Outside Activities   |   Comments Off on PFS Sued By Investors For Promissory Notes

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 […]

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LPL Stockbroker Charged With Outside Business Activity

January 19, 2021  |   Posted by :   |   Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on LPL Stockbroker Charged With Outside Business Activity

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 […]

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Merrill Lynch Stockbroker Sanctioned For Selling Away

January 19, 2021  |   Posted by :   |   Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on Merrill Lynch Stockbroker Sanctioned For Selling Away

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 […]

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FINRA Sanctions Cetera $1 Million For The Failure To Supervise

January 03, 2021  |   Posted by :   |   Failure To Supervise, Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on FINRA Sanctions Cetera $1 Million For The Failure To Supervise

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 […]

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FINRA Sanctions LPL Stockbroker For Selling Away

January 03, 2021  |   Posted by :   |   Investment and Regulatory News, Selling Away and Outside Activities, Unsuitable Investment Recommendations   |   Comments Off on FINRA Sanctions LPL Stockbroker For Selling Away

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 […]

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Merrill Lynch Stockbroker Sanctioned For Selling Away

January 03, 2021  |   Posted by :   |   Investment and Regulatory News, Ponzi Schemes, Promissory Notes, Selling Away and Outside Activities   |   Comments Off on Merrill Lynch Stockbroker Sanctioned For Selling Away

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 […]

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NYLife Stockbroker Accused Of Selling Away Fake Cryptocurrencies

January 03, 2021  |   Posted by :   |   Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on NYLife Stockbroker Accused Of Selling Away Fake Cryptocurrencies

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 […]

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