Daniel Joseph Mackle Sr., of Hackensack, New Jersey, the owner of Silver Edge Financial LLC, has been barred by Securities and Exchange Commission (SEC) from being a stockbroker or investment advisor representative because Mackle and his company acted as unregistered brokers when marketing and selling Silver Edge Fund series interests to investors. In the Matter…
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…
John Wade Loofbourrow of New York, New York, a stockbroker registered with Demopolis Capital Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $175,000.00 in damages based upon allegations that the customer was defrauded in connection with the sale of Concord Group Holdings private placements. Financial Industry…
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….
Mark Bedros Beloyan of Davie, Florida, the president and chief compliance officer of Tradespot Markets Inc., is the subject of an enforcement action initiated by Financial Industry Regulatory Authority (FINRA) in which the regulator is seeking sanctions against Beloyan based upon allegations that Beloyan facilitated the sale of unregistered securities and failed to supervise the…
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…
John Michael Krohn (also known as John Micheal Krohn) of West Des Moines, Iowa, a stockbroker formerly registered with Principal Securities Inc., is identified in a customer initiated investment related FINRA securities arbitration claim which was resolved for $250,000.00 in damages based upon allegations of Principal Securities’ failure to supervise Krohn, in connection with the…
Jon Richard Pariser of Pacific Grove, California, a stockbroker formerly registered with Independent Financial Group LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $103,004.30 in damages supported by accusations that the customer had been persuaded by Pariser to invest their funds into an unregistered investment….
William Herbert Murphy (also known as Bill Murphy) the President and Chief Compliance Officer of William H. Murphy Co. Inc. has been fined $10,000.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity founded on a National Adjudicatory Council Order Accepting Offer of Settlement based…
DH Hill Securities LLLP a securities broker dealer headquartered in Kingwood Texas has been censured and fined by Financial Industry Regulatory Authority (FINRA) supported by findings that the securities broker dealer made unregistered securities transactions. Letter of Acceptance Waiver and Consent No. 2019063187001 (July 22, 2021). According to the AWC, from August of 2015 to…
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)…
Andrew Montgomery Costa of Fort Lauderdale Florida a stockbroker formerly registered with GF Investment Services LLC is referenced in a customer initiated investment related complaint on October 21, 2020 in which the customer requested $50,000.00 in damages based upon allegations that unsuitable real estate investment trusts had been sold to them during the time that…
Kevin Joseph Kuhlow (also known as Kevin J. Cullen) of Los Gatos California a stockbroker formerly employed by LPL Financial LLC is referenced in a customer initiated investment related written complaint which was settled for $60,000.00 on January 10, 2019 founded on accusations that the customer had been invested by Kuhlow in worthless unregistered securities….
Kerry Lee Hoffman of Chicago Illinois a stockbroker formerly associated with LPL Financial LLC 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 advised by Hoffman to invest in unregistered securities during the period in which the…
Harry Seth Datys of New York New York a stockbroker associated with WestPark Capital has been referenced in an investigation initiated by Financial Industry Regulatory Authority (FINRA) on December 20, 2019 into allegations that the stockbroker schemed to defraud investors through his offer and sale of Westpark Capital Financial Services LLC securities. FINRA Investigation No….
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…
Kevin Richard Graetz of New York New York a stockbroker employed by Paulson Investment Company LLC has been identified in a customer initiated investment related arbitration claim which was resolved for $225,000.00 damages founded on accusations that the customer was placed into unregistered and fraudulent investments during the time that Graetz was employed by Paulson…
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…
Alan Harold New of Fort Wayne Indiana a stockbroker registered with NYLife Securities LLC is the subject of a customer initiated investment related arbitration claim in which the customer requested $110,000.00 in damages based upon allegations of misleading statements or omissions being made by New concerning the risks of Woodbridge Promissory Notes which he sold…
Floyd Earl Powell of Albertville Alabama a stockbroker formerly employed by MSI Financial Services Inc. and MML Investors Services LLC has been identified in a customer initiated investment related arbitration claim which was resolved for $1,075,000.00 in damages founded on accusations that (1) investment information was falsified or concealed by the stockbroker in regard to…
Paulson Investment Company LLC a securities broker dealer headquartered in Chicago Illinois has been censured and fined $50,000.00 by Financial Industry Regulatory Authority (FINRA) based upon findings that the securities broker dealer engaged in the unregistered offer and sale of private placements. Letter of Acceptance Waiver and Consent No. 2018056269003 (Jan. 31, 2020). According to…
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…
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…
Peyton Nelson Jackson of New York New York a stockbroker formerly employed by Alexander Capital is the subject of a customer initiated investment related arbitration claim where the customer sought $280,000.00 in damages based upon accusations that (1) unsuitable recommendations or trades had been made by the stockbroker (2) fiduciary obligations were violated concerning restricted…
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…
Minish Joe Hede (also known as Minish Mohan Hede) of New York New York a stockbroker formerly employed by Paulson Investment Company LLC is the subject of a customer initiated investment related arbitration claim where the customer sought $500,000.00 in damages based upon accusations that the customer had been placed into unregistered and fraudulent securities…
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…
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…
Merrimac Corporate Securities and Robert G. Nash (Chief Compliance Officer) of Altamonte Springs Florida are subject of a Securities and Exchange Commission (SEC) Order which sustained in part Financial Industry Regulatory Authority (FINRA) National Adjudicatory Council’s sanctions against Merrimac and Nash based on findings of (1) Merrimac offering and selling securities that were neither registered…
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…
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…
Larry Steven Werbel of Chagrin Falls Ohio a stockbroker formerly registered with Concorde Investment Services LLC has been barred by Securities and Exchange Commission (SEC) from being a stockbroker or investment adviser representative or otherwise associating with securities broker dealers or investment advisories according to an Order Instituting Administrative Proceedings Pursuant To Investment Advisers Act…
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….
Tamara Rae Steele of Pendleton Indiana a stockbroker formerly employed by Comprehensive Asset Management and Servicing (now known as APW Capital Inc.) and Chief Operating Officer of Steele Financial has been charged by Securities and Exchange Commission (SEC) in a Complaint alleging that Steele and Steele Financial made fraudulent investment recommendations to investors. Civil Action…
Garland Sean James (also known as Gary James) of New York New York a stockbroker formerly employed by Garden State Securities Inc. has been suspended by Financial Industry Regulatory Authority (FINRA) in all capacities on December 7, 2018 founded on allegations that James failed to comply with the terms of FINRA Arbitration in which James…
TriPoint Global Equities a brokerage firm headquartered in New York, New York, and Andrew Kramer (head of trading at TriPoint) have been sanctioned by Financial Industry Regulatory Authority (FINRA) according to an Order Accepting Offer of Settlement containing findings that the firm failed to supervise its securities transactions with a view towards complying with Securities…
Lee Dana Weiss of San Juan Puerto Rico a stockbroker formerly employed by MP Global Inc. and owner of Family Endowment Partners LP (FEP) has been barred by Securities and Exchange Commission (SEC) from being a broker or investment advisor or otherwise associating with brokers or investment advisories according to an SEC Order Instituting Administrative…
Yosef Yehuda Fox (also known as Joseph J. Fox) of Chicago Illinois the Chief Executive Officer and Chief Compliance Officer employed by Ditto Trade Inc. has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that Fox failed to pay an Arbitration Award after having been…
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…
Larry Phillip Vogel of Pittsford New York a stockbroker formerly employed by IFS Securities, Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that Vogel neglected to provide FINRA with information about his business activities possibly relating to allegations cited within Vogel’s discharge from…
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…
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…
Timothy Tilton Ayre of New York New York a stockbroker formerly employed by Spencer Edwards Inc. has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that Ayre defrauded customers in reference to their investments in Rocky Mountain Ayre Inc. Department of Enforcement v. Timothy Tilton Ayre Disciplinary Proceeding No. 2016049307801 (Sept….
John Natale Cucinella of New York New York a stockbroker formerly registered with Meyers Associates, L.P. and advisor employed by Mackrow Asset Management Group is referenced in a Alabama Securities Commission Cease and Desist Order based upon the Commission’s findings that Cucinella made unwarranted statements to a customer about investment returns and engaged the customer…
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…
Raymond Dickie Adcock of Cabot Arizona a stockbroker formerly registered with Regal Securities Inc. has been barred in all capacities by the Arkansas Securities Commissioner supported by consenting to findings that he executed unauthorized liquidations and facilitated customers’ purchases that were not registered by Regal Securities. In the Matter of Raymond Dickie Adcock Case No….
Gary Arthur Forrest of Flint Michigan is a stockbroker formerly registered with American Portfolios Financial Services Inc. who is the subject of a Notice and Order to Cease and Desist issued by the State of Michigan Department of Licensing and Regulatory Affairs Corporations Licensing and Securities Bureau supported by accusations that Forrest offered or effected…
Mitchell Dean Simkins of Salt Lake City Utah is a stockbroker currently registered with Mid Atlantic Capital Corporation who is the subject of a customer initiated investment related civil action which settled for $370,000.00 in damages based upon accusations including (1) the offer and sale of unregistered securities through an entity which was not registered…
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…
William Wesley Marshall of Plano, Texas, a stockbroker currently registered with Ameriprise Financial Services, Inc., is the subject of a customer initiated investment related arbitration claim, in which the customer requested $200,000.00 in damages based upon allegations of omissions and misrepresentations and unsuitable investment recommendations relating to the sales of unregistered corporate debt securities. FINRA…
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…
Gordon Douglas Dihle, of Centennial, Colorado, president and chief compliance officer with Spencer Edwards, Inc., has been fined $25,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity according to an Office of Hearing Officers Order Accepting Offer of Settlement containing findings that the firm and Dihle, inter…
William Howard Coons, of New York, New York, a stockbroker formerly registered with Hallmark Investments, Inc., has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity pursuant to a Decision and Order of Offer of Settlement containing findings that Coons sold securities that were not registered….
Trustfirst Inc., a brokerage firm headquartered in Knoxville, Tennessee, has been censured and fined $15,000.00 by Financial Industry Regulatory Authority (FINRA) for providing customers with misleading investment information in reference to unregistered securities offerings. Letter of Acceptance, Waiver and Consent, No. 2014039420301 (June 28, 2017). According to the AWC, offering documents had been submitted by…
Sylvester King Jr., of Fort Lauderdale, Florida, a stockbroker formerly registered with Wells Fargo Advisors, LLC, was subject of a Securities and Exchange Commission Administrative Order, in which King was ordered to cease and desist from causing future violations of Securities Exchange Act of 1934 Sections 15(a) and 17(a)(1), Rule 17a-4(b)(4), as well as Investment…
Ian Charles Kass, of Fort Lauderdale, Florida, a stockbroker formerly registered with Wilson-Davis & Co., Inc., has been identified in a Securities and Exchange Commission (SEC) Order Instituting Administrative and Cease-And Desist Proceedings based upon allegations that Kass aided and abetted securities fraud and facilitated the sale of unregistered securities. In the Matter of Delaney…
Hallmark Investments, Inc., a broker-dealer headquartered in New York, New York, along with the firm’s chief executive officer, Steven G. Dash, president, Stephen P. Zipkin, and sales supervisor, William H. Coons, were charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint containing allegations of excessive mark-ups and unregistered securities sales. Department…
Kirk Lynn Ferguson, of Salt Lake City, Utah, president and chief compliance officer of ACAP Financial, and Gary Hume, of Salt Lake City, Utah, compliance officer of ACAP Financial, have been sanctioned by Financial Industry Regulatory Authority (FINRA) according to an Office of Hearing Officers’ Order Accepting Offer of Settlement containing findings that Ferguson and…
Carlo W. Corzine, of Boca Raton, Florida, a stockbroker with Dawson James Securities, Inc., has been named in a customer initiated investment related arbitration claim on June 22, 2016, in which the customer requested $60,000.00 in damages based upon allegations against Corzine of effecting unauthorized trades in the customer’s account, breaching his fiduciary duty, making…
Leigh Garber, of New Woodstock, New York, president of Ridgeway & Conger, Inc., was fined $15,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity per an Office of Hearing Officers’ Order Accepting Offer of Settlement containing findings that he failed to supervise mark-ups and unregistered securities sales….
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…
KCD Financial, headquartered in De Pere, Wisconsin, was censured and fined $73,000.00 by Financial Industry Regulatory Authority (FINRA) per a National Adjudicatory Council Decision stating that the firm engaged in the sales of unregistered securities and failed to supervise staff who sold such unregistered securities. Department of Enforcement v. KCD Financial, Inc., No. 2011025851501 (Aug…
FCG Advisors LLC, headquartered in Chatham, New Jersey, was censured and fined $50,000.00 by the Financial Industry Regulatory Authority (FINRA) after consenting to findings that the firm sold securities that were not registered. Letter of Acceptance, Waiver and Consent, No. 2012030676501 (June 28, 2016). According to the AWC, from August 2011 through October 2011, the…
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…
MidAmerica Financial Services, located in Joplin, Missouri, was censured and fined $150,000 by Financial Industry Regulatory Authority (FINRA) after consenting to findings that the firm had failed to establish and maintain supervisory systems associated with placements and deferred variable annuities. Letter of Acceptance, Waiver and Consent, No. 2014039194101 (Jan. 30, 2016). FINRA canceled the firm’s…
Ridgeway & Conger, Inc., stockbrokers Kenley Brisard and Philip Brisard, and the firm’s president Leigh Garber, all located in Woodstock, New York, were charged by the Financial Industry Regulatory Authority (FINRA ) in a nine count Complaint containing allegations of fraudulent misrepresentations and omissions of material fact in connection with customer purchases (Kenley and Philip…