Unauthorized Trading

Archive | Unauthorized Trading

NYLife Stockbroker Barred In FINRA Investigation

July 12, 2021  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading, Variable Annuites   |   Comments Off on NYLife Stockbroker Barred In FINRA Investigation

Daniel E. Jossen (also known as Dan Jossen) of Bethesda Maryland 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 findings that Jossen failed to cooperate with FINRA’s requests when he was investigated by the regulator for unauthorized […]

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FINRA Bars AISG Stockbroker In Investigation

July 12, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Unauthorized Trading, Unsuitable Investment Recommendations   |   Comments Off on FINRA Bars AISG Stockbroker In Investigation

Nathan Gersteen Katz of Largo Florida a stockbroker formerly registered with American Independent Securities Group LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings of Katz refusing to cooperate with FINRA when he was investigated for potentially making unsuitable recommendations and effecting trades without […]

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Stifel Nicolaus Stockbroker Barred In Options Trading Inquiry

July 12, 2021  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   Comments Off on Stifel Nicolaus Stockbroker Barred In Options Trading Inquiry

Matthew Alexander Perry (also known as Alex Perry) of Columbia Montana a stockbroker formerly registered with Stifel Nicolaus Company incorporated has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he refused to cooperate with FINRA when he was investigated for a customer complaint regarding […]

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Wells Fargo Terminates Stockbroker For Unauthorized Trading

July 12, 2021  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   Comments Off on Wells Fargo Terminates Stockbroker For Unauthorized Trading

Roger Lowell Wilkie of Overland Park Kansas a stockbroker and investment adviser representative of Wells Fargo Clearing Services has been discharged from employment on March 17, 2021 founded on accusations of Wilkie being involved in an unauthorized transaction involving the liquidation of securities from a customer’s account. Wilkie has been identified in six customer initiated […]

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Wells Fargo Stockbroker Terminated For Unauthorized Transactions

July 12, 2021  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   Comments Off on Wells Fargo Stockbroker Terminated For Unauthorized Transactions

Adam Thomas Marquardt of Rochester Minnesota a stockbroker formerly registered with Wells Fargo Advisors Financial Network has been terminated on July 22, 2020 founded on accusations that he executed unauthorized transactions to address losses incurred by customers. Financial Industry Regulatory Authority (FINRA) Public Disclosure also confirms that Marquardt is referenced in a customer initiated investment […]

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Spartan Capital Stockbroker Charged With Churning Customer Accounts

July 07, 2021  |   Posted by :   |   Boilerroom Sales, Churning, Excessive Trading, FINRA Securities Arbitration, Investment and Regulatory News, Unauthorized Trading   |   Comments Off on Spartan Capital Stockbroker Charged With Churning Customer Accounts

Marc Augustus Reda of New York New York a stockbroker currently registered with Spartan Capital Securities LLC has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement with recommending unsuitable transactions for 66 customer accounts at Spartan Capital Securities and for churning those accounts. Department of Enforcement v. Marc Augustus Reda Complaint No. […]

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Investors Accuse Merrill Lynch Of Unauthorized Trading

July 07, 2021  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   Comments Off on Investors Accuse Merrill Lynch Of Unauthorized Trading

Joel Lansat of Palm Beach Gardens Florida a stockbroker currently registered with Merrill Lynch Pierce Fenner Smith Incorporated is the subject of a customer initiated investment related written complaint on April 9, 2020 in which the customer sought compensatory damages based upon accusations that unauthorized trades were effected in the customer’s Merrill Lynch investment account […]

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Spartan Capital Stockbroker Charged With Unauthorized Trading

July 07, 2021  |   Posted by :   |   Elder Financial Abuse, FINRA Securities Arbitration, Investment and Regulatory News, Unauthorized Trading   |   Comments Off on Spartan Capital Stockbroker Charged With Unauthorized Trading

Michael John Giovannelli of Garden City New York a stockbroker formerly registered with Spartan Capital Securities LLC has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement with effecting an unauthorized trade in a customer’s account when Giovannelli was associated with Spartan Capital Securities. Department of Enforcement v. Michael J. Giovannelli Disciplinary Proceeding […]

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FINRA Sanctions UBS Stockbroker For Unauthorized Trading

June 12, 2021  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   Comments Off on FINRA Sanctions UBS Stockbroker For Unauthorized Trading

Ricardo Turlan (also known as Ricardo Patricio Perez-Turlan and as Ricardo Patricio Ramirez) of San Antonio Texas a stockbroker formerly registered with UBS Financial Services Inc. has been fined $7,500.00 and suspended for two-months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he effected unauthorized trades […]

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Investment Planners Stockbroker Fired For Unauthorized Trading

June 12, 2021  |   Posted by :   |   Breach of Fiduciary Duty, FINRA Securities Arbitration, Investment and Regulatory News, Promissory Notes, Unauthorized Trading   |   Comments Off on Investment Planners Stockbroker Fired For Unauthorized Trading

James Anthony Parrelly (also known as Jim Anthony Parrelly) of Dearborn Michigan a stockbroker formerly registered with Investment Planners Inc. has been terminated on June 25, 2020 supported by allegations of Parrelly failing to comply with company policy. The securities broker dealer alleged that Parrelly made unauthorized trades in customer accounts and had failed to […]

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Cadaret Grant Stockbroker Sanctioned For Unauthorized Trading

June 12, 2021  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   Comments Off on Cadaret Grant Stockbroker Sanctioned For Unauthorized Trading

Matthew Gregory Zanowiak of Lancaster Pennsylvania a stockbroker currently registered with Cadaret Grant Co. 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 Zanowiak made unauthorized trades in a customer’s account during the time that he was associated with Cadaret […]

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Paulson Investment Company Stockbroker Terminated For Cause

June 12, 2021  |   Posted by :   |   Boilerroom Sales, Breach of Fiduciary Duty, Investment and Regulatory News, Unauthorized Trading   |   Comments Off on Paulson Investment Company Stockbroker Terminated For Cause

Kenneth Leopold Williams of Red Bank New Jersey a stockbroker formerly registered with Paulson Investment Company LLC has been discharged by the securities broker dealer on August 20, 2020 supported by allegations that Williams was not compliant with Paulson’s instructions. According to the claim, customers were provided with private information from Williams against company policy. […]

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Worden Capital Stockbroker Investigated By FINRA

June 12, 2021  |   Posted by :   |   Breach of Fiduciary Duty, FINRA Securities Arbitration, Investment and Regulatory News, Unauthorized Trading, Unsuitable Investment Recommendations   |   Comments Off on Worden Capital Stockbroker Investigated By FINRA

John Sebastion Cangialosi of New York New York a stockbroker registered with Worden Capital Management and SW Financial is under a Financial Industry Regulatory Authority (FINRA) investigation in which Cangialosi may face disciplinary action for allegedly making unsuitable recommendations to customers. Case No. 20170564326 (Sept. 15, 2020). According to FINRA Public Disclosure, FINRA recommended for […]

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FINRA Charges MML Stockbroker With Obstruction

May 31, 2021  |   Posted by :   |   Churning, Excessive Trading, Investment and Regulatory News, Non-traded REITs, Unauthorized Trading   |   Comments Off on FINRA Charges MML Stockbroker With Obstruction

Adam Gerard Belardino of Elmsford New York a stockbroker formerly registered with MML Investors Services has been charged by Financial Industry Regulatory Authority (FINRA) with failing to cooperate with an investigation in which he was being examined for possible excessive trading in customer accounts. Department of Enforcement v. Adam Gerald Belardino Disciplinary Proceeding No. 2019062347102 […]

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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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Spartan Capital Stockbroker Investigated By FINRA

May 31, 2021  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   Comments Off on Spartan Capital Stockbroker Investigated By FINRA

Michael John Giovannelli (also known as Michael Anthony Giovannelli) of Garden City New York a stockbroker formerly registered with Spartan Capital Securities is the subject of a Financial Industry Regulatory Authority (FINRA) investigation in which the regulator made an initial determination to recommend that Giovannelli be sanctioned for engaging in unauthorized trading and for providing […]

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FINRA Sanctions RBC Stockbroker For Unauthorized Trading

May 31, 2021  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   Comments Off on FINRA Sanctions RBC Stockbroker For Unauthorized Trading

Scott David Fergang of Paramus New Jersey a stockbroker formerly registered with RBC Capital Markets 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 executed unauthorized trades in a customer’s account. Letter of Acceptance Waiver and Consent No. 2018059478701 (Apr. […]

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Guiliano Law Group Wins $1.9 Million Arbitration Award

May 28, 2021  |   Posted by :   |   Breach of Fiduciary Duty, Churning, Excessive Trading, Failure To Supervise, FINRA Securities Arbitration, Investment and Regulatory News, Unauthorized Trading   |   Comments Off on Guiliano Law Group Wins $1.9 Million Arbitration Award

PHILADELPHIA (May 27, 2021). The Guiliano Law Group is pleased to announce that a FINRA Securties Arbitration Panel, siting in Atlanta, after a series of lengthy hearings last month, rendered an Final Award in the amount of $1,978,713 for our clients in 18-04008 Executed Award. The Award includes interest, costs and attorney’s fees of $328,540, […]

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FINRA Sanctions Cadaret Stockbroker For Unauthorized Trading

May 15, 2021  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   Comments Off on FINRA Sanctions Cadaret Stockbroker For Unauthorized Trading

Paul Andrew Spero of Liverpool New York a stockbroker formerly registered with Cadaret Grant Co. Inc. has been fined $5,000.00 and suspended for fifteen days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he effected unauthorized trades in a customer’s account. Letter of Acceptance Waiver and […]

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Morgan Stanley Stockbroker Sanctioned For Unauthorized Trading

May 15, 2021  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   Comments Off on Morgan Stanley Stockbroker Sanctioned For Unauthorized Trading

Constantinos George Maniatis of Dallas Texas a stockbroker formerly registered with Morgan Stanley has been fined $5,000.00 and suspended for 30 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he effected trades in customer accounts without authorization. Letter of Acceptance Waiver and Consent No. 2019062788601 […]

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Wynston Hill Stockbroker Barred In Investigation

May 15, 2021  |   Posted by :   |   Excessive Trading, Investment and Regulatory News, Unauthorized Trading, Unsuitable Investment Recommendations   |   Comments Off on Wynston Hill Stockbroker Barred In Investigation

Matthew Angelo Siliato of Bronx New York a stockbroker formerly registered with Wynston Hill Capital LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he did not cooperate with FINRA’s investigation into allegations of him making unauthorized and excessive trades. Letter of Acceptance […]

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FINRA Bars Kayan Stockbroker For Unauthorized Trading

May 15, 2021  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   Comments Off on FINRA Bars Kayan Stockbroker For Unauthorized Trading

Sun Hyung Kim of Los Angeles California a stockbroker formerly registered with Kayan Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he made unauthorized trades in customer accounts and had provided FINRA with misleading and false information when he was investigated […]

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Crown Capital Stockbroker Sanctioned For Unauthorized Trading

May 15, 2021  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   Comments Off on Crown Capital Stockbroker Sanctioned For Unauthorized Trading

Kevin David Barton of Vista California a stockbroker currently registered with Crown Capital Securities LP has been fined $17,500.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he took part in outside business activities and had executed unauthorized trades in customer […]

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Northeast Securities Stockbroker Sanctioned For Unauthorized Trading

April 18, 2021  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   Comments Off on Northeast Securities Stockbroker Sanctioned For Unauthorized Trading

Ignacio Erhart Del Campo of Boca Raton Florida a stockbroker formerly registered with Northeast Securities Inc. has been fined $7,500.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Erhart Del Campo executed unauthorized trades in the customer’s account resulting in losses. […]

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JP Morgan Stockbroker Sanctioned For Unauthorized Trading

March 31, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Unauthorized Trading, Unsuitable Investment Recommendations   |   Comments Off on JP Morgan Stockbroker Sanctioned For Unauthorized Trading

Trevor Bradner Rahn of Los Angeles California a stockbroker formerly registered with JP Morgan Securities LLC has been fined $10,000.00 and suspended for 18 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Rahn made unsuitable recommendations and unauthorized trades when he was associated with JP […]

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DA Davidson Stockbroker Sanctioned For Unauthorized Trading

March 31, 2021  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   Comments Off on DA Davidson Stockbroker Sanctioned For Unauthorized Trading

Mark Larry Delgadillo of Santa Barbara California a stockbroker formerly registered with DA Davidson Co. has been fined $5,000.00 and suspended for one month from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Delgadillo effected unauthorized trades in a customer’s account. Letter of Acceptance Waiver and Consent […]

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Aegis Stockbroker Sanctioned For Unauthorized Trading

March 31, 2021  |   Posted by :   |   Boilerroom Sales, Investment and Regulatory News, Unauthorized Trading   |   Comments Off on Aegis Stockbroker Sanctioned For Unauthorized Trading

Corey Alexander Johnson of Melville New York a stockbroker currently registered with Aegis Capital Corp 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 Johnson executed unauthorized transactions in customer accounts during the time that he was associated with Aegis Capital […]

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Aegis Stockbroker Charged With Excessive Trading

March 31, 2021  |   Posted by :   |   Churning, Excessive Trading, FINRA Securities Arbitration, Investment and Regulatory News, Unauthorized Trading   |   Comments Off on Aegis Stockbroker Charged With Excessive Trading

Kishan Parikh (also known as Sean Parikh) of New York New York a stockbroker formerly registered with Aegis Capital Corp has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement with executing unsuitable, excessive and unauthorized trades in the accounts of Aegis Capital Corp customers. Department of Enforcement v. Kishan Parikh Disciplinary Proceeding […]

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Edward Jones Stockbroker Sanctioned For Unauthorized Trading

March 18, 2021  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   Comments Off on Edward Jones Stockbroker Sanctioned For Unauthorized Trading

Lang Phu Nguyen of Campton Hills Illinois a stockbroker formerly registered with Edward Jones 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 upon findings that Nguyen executed unauthorized trades in customer accounts when he was associated with Edward Jones. Letter […]

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Morgan Stanley Stockbroker Sanctioned For Unauthorized Trading

March 18, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Unauthorized Trading   |   Comments Off on Morgan Stanley Stockbroker Sanctioned For Unauthorized Trading

Frank Fornshell Venable III of Knoxville Tennessee a stockbroker currently registered with Morgan Stanley has been fined by Tennessee Securities Division based upon Venable having been sanctioned by Financial Industry Regulatory Authority (FINRA) for effecting discretionary trades in customer accounts. Case No. TSD No. 20-013 (June 26, 2020). The Securities Division found Venable to be […]

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