John Dennis Lowry, of New York, New York, a stockbroker regulated by FINRA and the CEO of Spartan Capital Securities LLC, together with Kim Monchik are accused by FINRA of failing to comply in a regulatory investigation. Through her association with Spartan, Monchik is registered with FINRA as a GSR, GSP, Securities Trader, Investment Banking…
Jordan Caleb Allen, of New York, New York, a stockbroker formerly associated with Fidelity Brokerage Services LLC, was sanctioned by Financial Industry Regulatory Authority (FINRA) for violations of FINRA Rules 3280 and 2010. The violations stemmed from Allen’s participation in private securities transactions without providing prior written notice to his employer, Fidelity Brokerage Services LLC….
Bryan J. Moskowitz, of New York, New York, a stockbroker formerly registered with Spartan Capital Securities was sanctioned by FINRA for issued engaging in excessive and unsuitable trading of his customer accounts between November 2017 and March 2019. Letter of Acceptance, Waiver, and Consent (AWC) No. 2018056490320. According to the AWC, one customer, a veterinarian…
Rudy Ruben Mejia Jr., of Austin, Texas, a stockbroker previously registered with Estrada Hinojosa Company Inc. has been sanctioned by Financial Industry Regulatory Authority (FINRA). Letter of Acceptance, Waiver, and Consent (AWC) No. 2023079264201. According to the AWC, Mejia violated FINRA Rules 3280 and 2010 by participating in private securities transactions without providing prior written…
James Craig Etter, of Austin, Texas, a stockbroker formerly registered with NatAlliance Securities LLC, was the subject of a regulatory action initiated by Financial Industry Regulatory Authority (FINRA) on November 12, 2024. This action stemmed from violations of FINRA Rules 3280, 3270, and 2010, which pertain to “private securities transactions,” outside business activities, and the…
Linda Jill Wimsatt (also known as Linda Jill Eblowitz), formerly associated with WestPark Capital in Carlsbad, California, was subject to a regulatory action initiated by FINRA for unsuitable investment recommendations and violations of Regulation Best Interest (Reg BI). The regulatory action centered on Wimsatt’s recommendation of speculative GWG L Bonds to multiple retail customers, which were…
Troy Allen Orlando, a stockbroker from New York, New York, who was last associated with Craft Capital Management LLC, faced regulatory action initiated by Financial Industry Regulatory Authority (FINRA) resulting in Orlando being permanently barred from associating with any FINRA member in all capacities. The bar, effective November 20, 2024, followed Orlando’s refusal to provide…
Ceondre LaQuan Colvin, a stockbroker from Pittsburgh, Pennsylvania, associated with NYLIFE Securities LLC, was permanently barred from associating with any FINRA member firm in all capacities following a regulatory action. Financial Industry Regulatory Authority (FINRA) initiated the action after the firm disclosed allegations of “unauthorized withdrawals” from customer accounts, leading to an investigation into Colvin’s…
Chistopher Paul Gallo, a stockbroker formerly associated with Joseph Stone Capital L.L.C., based in New York, was sanctioned by Financial Industry Regulatory Authority (FINRA). The regulatory action involved allegations of violations of Regulation Best Interest or Reg. BI, Rule 15l-1(a)(1) of the Securities Exchange Act of 1934. Gallo was accused of the excessive trading of…
Michael Timothy Shoniker a stockbroker based in Charlotte, North Carolina, who was registered with Paychex Securities Corporation, was the subject of a regulatory action by Financial Industry Regulatory Authority (FINRA) for the alleged violation of FINRA Rules 3270 and 2010for the failure to disclose an outside business activity (OBA) and the receipt of approximately $740,000.00…
Stephen Philip King, a stockbroker from Tinton Falls, New Jersey, who was registered with Cantone Research Inc., has been barred as a stockbroker. Financial Industry Regulatory Authority (FINRA), who sanctioned the stockbroker, initiated its investigation into King following concerns about his supervision of recommendations made by representatives at the firm. These recommendations involved customer investments…
Matthew Thomas Higgins, a stockbroker associated with Barclays Capital Inc., located in New York, New York, has been sanctioned by Financial Industry Regulatory Authority (FINRA) for selling away or engaging in private securities transactions without prior written notice to Barclays Capital in violation of FINRA Rules 3280 and 2010 by . AWC No. 2022076346501. These…
Paul Edwards, a stockbroker from Palm Bay, Florida, associated with NYLIFE Securities LLC agreed to the impositon of sanctionsby Financial Industry Regulatory Authority (FINRA) for forgery. According to the AWC, FINRA found that Edwards committed violations of Rules 2010 and 4511 by allegedly forging of customer signatures and falsifying customer documents between September 2022 and February…
Sean P. McCabe, a stockbroker based in Hauppauge, New York, and registered with Network 1 Financial Securities Inc., was the subject of FINRA regulatory action (AWC No. 2019060753510) for excessive and unsuitable trading. This action involved conduct that occurred during McCabe’s previous employment with Worden Capital Management LLC in Melville, New York. FINRA alleged that…
Robert Earl Hillard (also known as Bob Hillard), the former President, CEO, and CFO of Arlington Securities, based in St. Louis, Missouri was sanctioned by FINRA for making unsuitable investment recommendations to his customers between December 31, 2018, and October 28, 2019, affecting 14 customers across 17 accounts. Letter of Acceptance, Waiver, and Consent (AWC)…
Charles William Wodrich (also known as Chip Wodrich), a stockbroker formerly associated with Hornor Townsend Kent LLC in Goodyear, Arizona, was barred as a stockbroker by Financial Industry Regulatory Authority (FINRA). Default Decision No. 2022075322601. FINRA found that Wodrich violated Rules 8210 and 2010 due to Wodrich’s refusal to comply with FINRA during an investigation….
Mary Christine Beslagic a stockbroker from Edward Jones in Manchester, Washington, was the subject of an enforcement action initiated by Financial Industry Regulatory Authority (FINRA). AWC No. 2023079509301. The regulator found that Beslagic also violated Regulation Best Interest or Reg. BI, Rule 15l-1(a)(1) under the Exchange Act. Beslagic recommended that customers use proceeds from a…
Jonathan E. Best (also known as John Best and Jon Best), a stockbroker based in Henderson, Texas, registered with Raymond James Financial Services Inc., faces allegations of unauthorized trading from Financial Industry Regulatory Authority (FINRA). Department of Enforcement v. Jonathan E. Best, Complaint No. 2020068641501. Between December 2017 and December 2019, Best allegedly executed 71…
Walter Charles Bish, a Macon, Georgia-based stockbroker with Smith Brown Groover Inc., consented to sanctions imposed by Financial Industry Regulatory Authority (FINRA) on November 6, 2024. From July 2014 to February 2018, Bish recommended a trading strategy involving a non-traditional, volatility-linked exchange-traded notes (ETNs) without fully understanding its features or risks. Letter of Acceptance, Waiver,…
Tim Davidson Hemingway of Macon, Georgia, a stockbroker registered with Smith Brown Groover Inc., has been sanctioned by Financial Industry Regulatory Authority (FINRA) for his unsuitable recommendation of a high-risk investment strategy. On November 6, 2024, FINRA concluded its action through Letter of Acceptance, Waiver, and Consent (AWC) No. 2019063352402. Without admitting or denying the findings,…
Eugene Hyunwook Kim, also known as Gene Kim, of New York, New York, a previously registered investment advisor representative and stockbroker, was sanctioned through a regulatory action initiated by FINRA for unethical conduct, bad faith, and misuse of customer funds in connection with a private placement offering while Kim was registered with National Securities Corporation…
Sherwin Sargeant, of Orlando, Florida, a stockbroker previously associated with PlanMember Securities Corporation, has been permanently barred by Financial Industry Regulatory Authority (FINRA) as of November 5, 2024. The regulatory action stems from Sargeant’s refusal to appear for testimony as requested by FINRA under Rule 8210. The testimony was sought in connection with FINRA’s investigation…
James Anderson Martin, also known as James A. Martin or Jamie Martin, of Jacksonville, Illinois, a stockbroker registered with Berthel Fisher Company Financial Services Inc., has been permanently barred by Financial Industry Regulatory Authority (FINRA). The decision prohibits him from working as a stockbroker or associating with any broker-dealer firm. Martin agreed to the sanctions…
Thomas James Baumann, formerly registered with Spartan Capital Securities LLC in New York, was barred by Financial Industry Regulatory Authority (FINRA) on October 15, 2024. This decision resulted from Baumann’s failure to provide documents and information requested during an investigation into potentially unauthorized and excessive trading in customer accounts. Financial Industry Regulatory Authority Department of…
Maria De Los Angeles Leon, also known as Maria D. Del Real and Maria DelReal, formerly of Grand Rapids, Michigan, was barred by Financial Industry Regulatory Authority (FINRA on September 20, 2024. FINRA alleged that Leon violated Rules 8210 and 2010 by refusing to provide requested information, documents, or testimony during an investigation. This investigation…