Selling Away and Outside Activities

Archive | Selling Away and Outside Activities

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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NEXT Stockbroker Barred By FINRA In Selling Away Investigation

January 03, 2021  |   Posted by :   |   Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on NEXT Stockbroker Barred By FINRA In Selling Away Investigation

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 […]

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Investors File FINRA Securities Arbitration Claim Against Wells Fargo

January 03, 2021  |   Posted by :   |   Investment and Regulatory News, Selling Away and Outside Activities, Unsuitable Investment Recommendations   |   Comments Off on Investors File FINRA Securities Arbitration Claim Against Wells Fargo

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 […]

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FINRA Bars Foreside Stockbroker In Promissory Note Scam

December 22, 2020  |   Posted by :   |   Investment and Regulatory News, Private Placement Fraud, Selling Away and Outside Activities   |   Comments Off on FINRA Bars Foreside Stockbroker In Promissory Note Scam

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, […]

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Investors Bring Arbitration Claim Against DesPain For The Pain Caused By Mismanagement

December 22, 2020  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Promissory Notes, Selling Away and Outside Activities   |   Comments Off on Investors Bring Arbitration Claim Against DesPain For The Pain Caused By Mismanagement

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 […]

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FINRA Bars Network 1 Stockbroker For Undisclosed Investment Activities

December 22, 2020  |   Posted by :   |   Boilerroom Sales, Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on FINRA Bars Network 1 Stockbroker For Undisclosed Investment Activities

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. […]

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LPL Stockbroker Sanctioned By FINRA For Selling Away

December 01, 2020  |   Posted by :   |   Securities Arbitration Claims, Selling Away and Outside Activities   |   Comments Off on LPL Stockbroker Sanctioned By FINRA For Selling Away

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 […]

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FINRA Sanctions Olden Lane Stockbroker For Selling Away

December 01, 2020  |   Posted by :   |   Securities Arbitration Claims, Selling Away and Outside Activities   |   Comments Off on FINRA Sanctions Olden Lane Stockbroker For Selling Away

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 […]

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Advisory Group Stockbroker Sanctioned For Private Transactions

December 01, 2020  |   Posted by :   |   Securities Arbitration Claims, Selling Away and Outside Activities   |   Comments Off on Advisory Group Stockbroker Sanctioned For Private Transactions

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 […]

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Investors Bring FINRA Arbitration Claim Against First Financial Equity Corporation

December 01, 2020  |   Posted by :   |   Failure To Supervise, FINRA Securities Arbitration, Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on Investors Bring FINRA Arbitration Claim Against First Financial Equity Corporation

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 […]

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FINRA Sanctions Arete Stockbrokers For Selling Away

December 01, 2020  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on FINRA Sanctions Arete Stockbrokers For Selling Away

Gurpreet Singh Chandhoke and Stephen Fitzgerald Shea both of Orinda California and stockbrokers who were formerly registered with Penserra Securities LLC and Arete Wealth Management have been fined $50,000.00 and suspended for two years from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a FINRA Office of Hearing Officers […]

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FINRA Sanctions Center Street Stockbroker For Selling Away

November 30, 2020  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on FINRA Sanctions Center Street Stockbroker For Selling Away

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 […]

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Investors Bring FINRA Arbitration Claim Against Cetera Advisors

November 30, 2020  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Securities Arbitration Claims, Selling Away and Outside Activities   |   Comments Off on Investors Bring FINRA Arbitration Claim Against Cetera Advisors

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 […]

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Moloney Securities Stockbroker Caught Selling Away

November 30, 2020  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Securities Arbitration Claims, Securities Fraud, Selling Away and Outside Activities   |   Comments Off on Moloney Securities Stockbroker Caught Selling Away

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 […]

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Edward Jones Stockbroker Barred In Investigation

November 30, 2020  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on Edward Jones Stockbroker Barred In Investigation

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. […]

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ProEquities Discharges Stockbroker For Selling Unauthorized Securities

November 30, 2020  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Securities Arbitration Claims, Selling Away and Outside Activities   |   Comments Off on ProEquities Discharges Stockbroker For Selling Unauthorized Securities

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 transactions and had concealed his communications about securities business from ProEquities. Financial Industry Regulatory Authority (FINRA) Public Disclosure also confirms that […]

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FINRA Sanctions Allstate Stockbroker For Outside Business Activities

November 04, 2020  |   Posted by :   |   Securities Arbitration Claims, Selling Away and Outside Activities   |   Comments Off on FINRA Sanctions Allstate Stockbroker For Outside Business Activities

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 […]

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FINRA Sanctions NYLife Stockbroker For Future Income Payments Scam

November 04, 2020  |   Posted by :   |   Securities Arbitration Claims, Selling Away and Outside Activities   |   Comments Off on FINRA Sanctions NYLife Stockbroker For Future Income Payments Scam

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 […]

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First Financial Stockbroker Sanctioned For Outside Activities

November 04, 2020  |   Posted by :   |   Securities Arbitration Claims, Selling Away and Outside Activities   |   Comments Off on First Financial Stockbroker Sanctioned For Outside Activities

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 […]

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Vision Brokerage Stockbroker Sanctioned For Selling Away Promissory Notes

November 04, 2020  |   Posted by :   |   Securities Arbitration Claims, Selling Away and Outside Activities   |   Comments Off on Vision Brokerage Stockbroker Sanctioned For Selling Away Promissory Notes

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. […]

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Investors Bring Arbitration Claims Against Cetera Advisors For Goldmine Scam

November 04, 2020  |   Posted by :   |   Breach of Fiduciary Duty, Securities Arbitration Claims, Selling Away and Outside Activities, Stockbroker Negligence   |   Comments Off on Investors Bring Arbitration Claims Against Cetera Advisors For Goldmine Scam

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 […]

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FINRA Sanctions National Planning Stockbroker In Future Income Payments Scam

November 04, 2020  |   Posted by :   |   Securities Arbitration Claims, Selling Away and Outside Activities   |   Comments Off on FINRA Sanctions National Planning Stockbroker In Future Income Payments Scam

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 […]

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Investors Bring FINRA Arbitration Claims Against American Capital For Private Placement Scam

November 04, 2020  |   Posted by :   |   Private Placement Fraud, Securities Arbitration Claims, Selling Away and Outside Activities   |   Comments Off on Investors Bring FINRA Arbitration Claims Against American Capital For Private Placement Scam

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 […]

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Spartan Capital Stockbroker Sanctioned In Outside Business Scam

November 04, 2020  |   Posted by :   |   Misappropriation of Funds, Securities Arbitration Claims, Selling Away and Outside Activities, Stockbroker Theft   |   Comments Off on Spartan Capital Stockbroker Sanctioned In Outside Business Scam

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 […]

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