Corey Andrew White of Westlake Village California a stockbroker formerly registered with Financial West Group has been fined $20,000.00 and barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any supervisory or principal capacity founded on findings that he failed to supervise his stockbrokers’ trading resulting in unsuitable alternative investment trading in…
Brett Stephen Briggs of Los Angeles California a stockbroker and supervisor formerly registered with Financial West Group has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity and has been fined $20,000.00 supported by findings that he failed to supervise stockbrokers at Financial West Group. Letter of Acceptance…
Efrain Balderrama Trujillo of Los Angeles California a stockbroker formerly registered with Financial West Group has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity and has been fined $20,000.00 based upon findings that he neglected to supervise those of his stockbrokers who executed unsuitable securities and options…
Daniel Gordon Maughan (also known as Dan G. Maughan) of Los Angeles California a stockbroker formerly registered with Financial West Group has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Office of Hearing Officers Order Accepting Offer of Settlement that contained findings of Maughan having…
Daniel Gordon Maughan of Los Angeles California a stockbroker registered with Financial West Group has been charged in a Complaint brought by Financial Industry Regulatory Authority (FINRA) Department of Enforcement alleging that (1) Maughan churned a customer’s investment account and (2) Maughan made unsuitable trades while he was employed by Financial West Group. Department of…
John Scott Simoncic of Reno Nevada a stockbroker formerly employed by Financial West Group has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Simoncic made exchange traded fund recommendations that were not suitable for customers (2) Simoncic effected excessive exchange traded…
Paul Edward Soll of Los Angeles California a stockbroker formerly employed by Financial West Group has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he declined to cooperate with FINRA in an investigation into accusations of Soll’s unsuitable investment recommendations and churning…
Mitchell Steven Morrison of Westlake Village, California is a former principal of Financial West Group who is the subject of a customer initiated investment related arbitration claim where the customer sought $1,937,365.00 in damages founded on accusations that Morrison failed to supervise a registered representative who made misrepresentations to the customer and placed unsuitable oil…
Sara Zhou of Oak Brook Illinois is a stockbroker formerly registered with Financial West Group who is the subject of a customer initiated investment related arbitration claim in which the customer sought one million seven hundred eighty-one thousand one hundred fifteen dollars in damages supported by allegations that (1) misrepresentations had been made regarding oil…
Gene Charles Valentine, of Wellsburg, West Virginia, the chief executive officer of Financial West Group, has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he associated with an individual who was disqualified in the securities industry. Letter of Acceptance, Waiver…
Victor Michel of Reno, Nevada, a stockbroker formerly registered with Financial West Group, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he failed to testify before FINRA staff in the course of an investigation into his sales practice violations. Letter of Acceptance,…
Mitchell Steven Morrison, of Westlake Village, California, a principal registered with Financial West Group, is the subject of a customer initiated investment related arbitration claim on June 19, 2017, in which the customer requested $1,937,365.00 in damages based upon allegations that Morrison neglected to supervise the activities of a subordinate stockbroker that made misrepresentations to…
Kelly Clayton Althar, of San Francisco, California, a stockbroker formerly registered with Financial West Group, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon an Office of Hearing Officers’ Order Accepting Offer of Settlement containing findings that Althar effected trades in a customer’s account on an…
Financial West Group, headquartered in Westlake Village, California, was censured and fined $40,000.00 by Financial Industry Regulatory Authority (FINRA) after consenting to findings that the firm’s supervisory systems and procedures concerning the due diligence of private placements were inadequate. Letter of Acceptance, Waiver and Consent, No. 66483 (Aug. 16, 2016). According to the AWC, between October…