Tag Archives: Source Capital Group Inc.

Investors Seek Damages Against Source Capital Group

Todd Harris McKee of Westport Connecticut a stockbroker formerly employed by Source Capital Group Inc. is the subject of a customer initiated investment related written complaint on April 13, 2018 where the customer requested $30,000.00 in damages based upon allegations of suitability pertaining to the customer’s investment in limited partnership interests or a direct participation […]

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Regulators Suspend Source Capital Group Stockbroker

Donald John Saccomano, of Westport, Connecticut, a stockbroker formerly registered with Source Capital Group, Inc., has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he failed to communicate with FINRA’s staff regarding his business activities. Case No. 2015044109301 (Mar. 31, 2017). On January 7, […]

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Source Capital Stockbroker Suspended For Unsuitable Recommendations

Daniel P. Bailey, of Rochester, New York, a stockbroker formerly registered with Source Capital Group, Inc., has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that made unsuitable securities recommendations to a customer. Letter of Acceptance, Waiver and Consent, No. […]

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Source Capital Group Stockbroker Barred In Investigation

Hugh Wilkens Levey, of New York, New York, a stockbroker formerly registered with Source Capital Group, Inc., was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate with FINRA in an investigation into allegations that Levey misappropriated funds. Letter […]

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Source Capital Group Charged With Sale of Unregistered Securities

January 05, 2017  |   Posted by :   |   Investment and Regulatory News, Private Placement Fraud   |   0 Comments

Source Capital Group, Inc., a broker-dealer headquartered in Westport, Connecticut, has been charged by Financial Industry Regulatory Authority Department of Enforcement in a Complaint alleging that the firm, inter alia, failed to disclose to investors certain material facts concerning interests in limited partnerships. Department of Enforcement v. Source Capital Group, Inc., No. 2014038889501 (Dec. 23, 2016). […]

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Source Capital Group Stockbroker Suspended For Private Securities Transactions

December 17, 2016  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Mark Robert Holcombe, of Westport, Connecticut, a stockbroker formerly registered with Source Capital Group, Inc., has been fined $10,000.00 and suspended from associating with a Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he participated in unauthorized private securities transactions. Letter of Acceptance, Waiver and Consent, No. 2015048236401 (Dec. […]

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Source Capital Group Broker Barred For Forgery

Joey Cless Broussard, of Allen, Texas, a registered representative with Source Capital Group, Inc., was barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity per a FINRA Office of Hearing Officers Default Decision containing findings that Broussard forged and falsified a document in connection with a customer’s investment. Department […]

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Source Capital Group Stockbroker Barred In Investigation

Robert Turpin, of Scottsdale, Arizona, a stockbroker with Source Capital Group, Inc., was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he failed to cooperate in a FINRA investigation into allegations of his private securities transactions. Letter of Acceptance, Waiver and Consent, […]

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