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…
Brian Scott Graham, a former stockbroker with Cetera Advisor Networks LLC in Plainfield, Illinois, has been permanently barred by Financial Industry Regulatory Authority (FINRA). The decision, issued on September 27, 2024, followed Graham’s refusal to provide testimony during an investigation into allegations of “unauthorized withdrawals.” These allegations were disclosed on an amended Form U4. Without…
Rajesh Markan, a former stockbroker from Dallas, Texas, has been permanently barred by Financial Industry Regulatory Authority (FINRA). The decision, effective October 1, 2024, followed Markan’s refusal to provide documents and information during a FINRA investigation. The investigation began after Hilltop Securities conducted an internal review regarding allegations of fraud, misappropriation, and violations of investment-related…
David Allen Gibbs, a stockbroker with J. Alden Associates Inc., was suspended and fined by Financial Industry Regulatory Authority (FINRA) for borrowing $780,000 from a customer without notifying or obtaining written approval from his former employer, MML Investors Services LLC. The loan was formalized through a promissory note requiring monthly payments with interest over 30…
Jeremy Dillon Baldwin, formerly associated with Brokers International Financial Services LLC in Edmond, Oklahoma, was sanctioned by Financial Industry Regulatory Authority (FINRA) for engaging in unauthorized outside business activities and falsifying firm records. Letter of Acceptance, Waiver and Consent (AWC) No. 2022077410701. According to the AWC, between August 2017 and August 2022, Baldwin acted as…
Elan Sanker, a former stockbroker with Merrill Lynch Pierce Fenner Smith Incorporated, has been barred by Financial Industry Regulatory Authority (FINRA) as of October 4, 2024. This followed Sanker’s refusal to provide on-the-record testimony during a FINRA investigation. The investigation began after Merrill Lynch disclosed that Sanker had been discharged for entering into a financial…
Jeffrey Arthur Perryman, a former stockbroker with NYLIFE Securities LLC in Johnstown, Colorado, was barred by Financial Industry Regulatory Authority (FINRA) on October 7, 2024, and consented to the sanction based upon his refusal to provide information requested by FINRA during an investigation into potential undisclosed outside business activities. Specifically, the investigation focused on allegations…
George Apolonides, also known as George Apollo, a former stockbroker with Spartan Capital Securities LLC in Garden City, New York, on October 8, 2024, was the subject of a Financial Industry Regulatory Authority (FINRA) enforcement proceeding where Apolonides admitted to a finding that he violated Regulation Best Interest (Reg BI) and FINRA rules. Between March…
Feng Kou Chen, also known as Karl Chen, a former stockbroker with LPL Financial LLC in Campbell, California, consented to the entry of sanctions by the Financial Industry Regulatory Authority (FINRA) that Chen falsified eight customer account forms by adding his name as a beneficiary without the customers’ consent or approval from LPL Financial. FINRA…
Kostas Tsamos, also known as Gus Tsamos, a former stockbroker with Spartan Capital Securities LLC in Garden City, New York, on October 8, 2024, was the subject of a Financial Industry Regulatory Authority (FINRA) imposed 17-month suspension on Tsamos for willfully violating Regulation Best Interest under Rule 15l-1(a)(1) of the Securities Exchange Act of 1934…
Robert Anthony Daly, also known as Bob Daly Jr. and Bobby Daly Jr., of Los Angeles, California, has been permanently barred by Financial Industry Regulatory Authority (FINRA). Daly, previously registered with Morgan Stanley, faced regulatory action after refusing to provide documents and information requested during an investigation into possible undisclosed private securities transactions. The investigation…
Lawrence Merl, a former stockbroker with David Lerner Associates Inc. in White Plains, New York, has been sanctioned by Financial Industry Regulatory Authority (FINRA) for making unsuitable investment recommendations to senior customers. Letter of Acceptance, Waiver, and Consent (AWC) No. 2019063686208. According to the AWC, between February 2015 and October 2017, Merl advised four retired…
Kyle Infinite Manning, also known as Kyle Henry Laurie Schmidt, formerly a registered stockbroker with Spartan Capital Securities LLC in Garden City, New York, was the subject of a Financial Industry Regulatory Authority (FINRA) regulatory action initiated on October 8, 2024. Manning agreed to a 17-month suspension after findings revealed he excessively traded accounts belonging…
Michael Ray Lancaster, a former stockbroker with Edward Jones in Lincoln, Nebraska, has been permanently barred by Financial Industry Regulatory Authority (FINRA). The disciplinary action resulted from Lancaster’s refusal to provide written information and documents requested by FINRA during an investigation into his termination. Letter of Acceptance, Waiver, and Consent (AWC) No. 2024081173101. Edward Jones…
George Herman IV Snyder, formerly registered with Ameriprise Financial Services LLC in Springfield, Missouri, has been sanctioned by Financial Industry Regulatory Authority (FINRA) following allegations of violating Regulation Best Interest under Rule 15l-1 of the Securities Exchange Act of 1934. FINRA claimed Snyder made unsuitable investment recommendations that were not in his customers’ best interests. …
Ivanhoe Vincent Ffriend, also known as Ivan Friend and Ivanhoe Vincent Friend, a broker from New Rochelle, New York, registered with Cetera Advisor Networks LLC, has been sanctioned by Financial Industry Regulatory Authority (FINRA) for mismarking order tickets and unauthorized trading. Letter of Acceptance, Waiver, and Consent (AWC) No. 2021072533901. FINRA’s findings indicate that between…
Michael Richard Rosalia, a former broker from Sayville, New York, previously associated with Worden Capital Management LLC in Garden City, has been barred by Financial Industry Regulatory Authority (FINRA) for failing to cooperate with its investigation. FINRA’s action alleged that Rosalia engaged in excessive trading and made unsuitable investment recommendations to his customers. Financial Industry…
Shawn Michael Tyler, also known as Shawn Tyler, a stockbroker formerly registered with American Trust Investment Services Inc. in Whiting, Indiana, has been sanctioned by Financial Industry Regulatory Authority (FINRA) for falsifying documents related to two senior customers. According to FINRA’s findings, Tyler electronically signed the customers’ names, reused signature pages, and added false dates…
Blaine R. Stahlman of McDonough, Georgia, the founder and former Chief Executive Officer of of Professional Broker-Dealer Financial Planning, Inc. was sanctioned by Financial Industry Regulatory Authority (FINRA) on October 16, 2024, for supervisory failures related to speculative investments and business-related email communications. Letter of Acceptance, Waiver, and Consent (AWC) No. 2021069380601. Between March 1,…
Mark Gilbert Beesley, a former stockbroker with Arthur W. Wood Company Inc. in Boston, Massachusetts, has been barred by Financial Industry Regulatory Authority (FINRA) effective October 17, 2024. The decision follows Beesley’s refusal to provide on-the-record testimony as part of a FINRA investigation into allegations of undisclosed outside business activities. Letter of Acceptance, Waiver, and…
Sanford Graham Simmons, also known as Sandy Simmons Jr. and Sanford Graham Simmons Jr., a stockbroker formerly associated with Patrick Capital Markets LLC has been permanently barred by Financial Industry Regulatory Authority (FINRA). On October 17, 2024, FINRA imposed the bar after Simmons refused to provide on-the-record testimony as part of an ongoing investigation initiated…
Kittiany Davis Barrios, a former stockbroker with PFS Investments Inc. in Cranbury, New Jersey, was barred by Financial Industry Regulatory Authority (FINRA) on October 17, 2024. The bar resulted from Davis Barrios’s refusal to provide documents, information, and on-the-record testimony during a FINRA investigation, violating FINRA Rules 8210 and 2010. Letter of Acceptance, Waiver, and…
Colton Wade Jacob, a former stockbroker based in Austin, Texas, was subject to a regulatory action by Financial Industry Regulatory Authority (FINRA) on October 21, 2024, for engaging in outside business activities without providing written notice to his member firms, Raymond James Financial Services Inc. and Steward Partners Investment Solutions LLC. This conduct violated FINRA…