Customer Loans

Glen Joseph Webster of Atlanta Georgia a stockbroker formerly registered with Wells Fargo Clearing Services LLC has been suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon Webster’s consent to findings that he engaged in a prohibited borrowing arrangement with a customer of Wells Fargo. […]

Joseph Viet Duy Phan of Irvine California a stockbroker formerly registered with Pruco Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Phan failed to comply with FINRA when he was investigated for (1) borrowing customers’ funds without authorization from […]

Cody Hawkins Fitzgerald (also known as Cody Doyle Hawkins) of Maitland Florida a stockbroker formerly registered with Waddell Reed has been fined $5,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he borrowed a customer’s funds in contravention of the policies […]

Lance Roman Armstrong of Columbia New Jersey a stockbroker formerly registered with Raymond James Financial Services Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Armstrong neglected to comply with a FINRA investigation into allegations of his outside business activities and […]

Ralph Gerard Adamo of Newport Beach California a stockbroker formerly registered with FSC Securities Corporation has been fined $5,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Adamo impermissibly borrowed funds belonging to an FSC Securities Corporation customer. Letter of Acceptance […]

Hayato Tamura (also known as Yato Tamura) of Orange California a stockbroker registered with J.P. Morgan Securities LLC has been discharged by the securities broker dealer on March 29, 2019 based upon accusations that (1) Tamura facilitated or otherwise recommended an unapproved loan arrangement between a customer of J.P. Morgan Securities LLC and a third […]

Shirley Anne Weston (also known as Shirley Craft and as Shirley Schaeffer) of J.P. Morgan Securities LLC has been fined $7,500.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Weston impermissibly borrowed money from a customer while she was employed with […]

Jaime Michael Westenbarger of Grand Rapids Michigan a stockbroker formerly registered with Securities America Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Westenbarger failed to comply with FINRA during an investigation into accusations of him borrowing funds from customers of Securities America. […]

Thomas H. Lawrence III of Chapel Hill Tennessee a stockbroker formerly registered with Ameritas Investment Corp. is the subject of an Order issued by Tennessee Securities Division which barred him from being a stockbroker or an investment advisor in the State of Tennessee based on accusations that he borrowed money from an Ameritas Investment Corp. […]

William Roy Kimberlin of Dallas Texas a stockbroker registered with MetLife Securities Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested $15,000.00 in damages based upon accusations that securities laws had been violated by way of false and misleading statements being made to the customer about an […]

Philip Andrew Johnson of Kingwood Texas a stockbroker registered with D.H. Hill Securities LLP has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that Johnson failed to cooperate with FINRA’s request for his information. Case No. 2018056846001 (Sept. 24, 2018). According to FINRA Public Disclosure, […]

David John Volpe of Scottsdale Arizona a stockbroker registered with First Financial Equity Corporation has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Volpe neglected to cooperate with FINRA personnel when he was being investigated for selling away or otherwise borrowing funds from customers […]

David Wilson Fleming Jr. of White Plains New York a stockbroker formerly registered with Stifel Nicolaus Company Incorporated has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Fleming inappropriately borrowed money from a Stifel Nicolaus customer […]

Richard Edwin Seidel of Wyomissing Pennsylvania a stockbroker formerly registered with Pruco Securities LLC is the subject of a customer initiated investment related written complaint which settled for $118,.734.65 in damages on March 29, 2017 founded on allegations that $55,000.00 in total loans had been improperly taken from the customer’s insurance policy when Seidel was […]

Joe Don Treece of Bentonville Arkansas a stockbroker formerly employed by Arvest Wealth Management has been barred from being a stockbroker in the state of Oklahoma according to an Order issued by the Oklahoma Department of Securities containing accusations that (1) Treece borrowed funds from a customer in an unethical and dishonest fashion (2) Treece […]

Brian Lamont Royster of Ann Arbor Michigan a stockbroker formerly registered with HD Vest Investment Services is referenced in a customer initiated investment related arbitration claim where the customer sought $295,936.76 in damages supported by allegations that (1) fraudulent misrepresentations had been made to the customer concerning the terms and fees relating to City Financial […]

Scott Mason of Lakewood Colorado a stockbroker formerly registered with LPL Financial LLC has been fined $5,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that a customer’s funds had been borrowed by Mason in violation of the policies of LPL Financial […]

Linda Sue Zara of Boca Raton Florida a stockbroker formerly employed by Wells Fargo Clearing Services LLC has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Zara borrowed a customer’s funds in violation of the firm’s policies. Letter […]

Fred Ronald Brown Jr. of Montgomery Alabama a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Inc. has been fined $12,500.00 and suspended for ten months from associating with any FINRA member in any capacity based upon allegations that (1) Brown took possession of customers’ funds through an unapproved customer loan arrangement and (2) […]

Patrick Neal Foley of Ontario California a stockbroker formerly employed by Merrill Lynch Pierce Fenner Smith Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Foley failed to cooperate with FINRA during an investigation into accusations of Foley taking possession of […]

Fred Ronald Brown Jr. of Montgomery Alabama a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated is the subject of a customer initiated investment related written complaint which had been resolved for $55,000.00 on January 8, 2018 founded on allegations that the customer was solicited for purposes of a loan where the customer’s […]

Rick Esparza of Rancho Murrieta California a stockbroker formerly employed by Princor Financial Services Corporation is referenced in a customer initiated investment related written complaint which had been resolved for $19,500.00 on June 24, 2016 supported by accusations that false or misleading statements were made to the customer in regard to the customer’s provision of […]

Michael Ross Highfill of Ridgeland Mississippi a stockbroker formerly employed by Merrill Lynch Pierce Fenner Smith Incorporated is referenced in a customer initiated investment related complaint which was resolved on June 22, 2016 for $215,000.00 in damages supported by accusations that (1) Highfill inappropriately steered the customer towards loaning Highfill funds in connection with an […]

John Joseph Rocco Jr. of Wakefield Massachusetts a stockbroker formerly employed by NYLife Securities LLC is the subject of a customer initiated complaint which was resolved on April 25, 2019 for $190,000.00 founded on allegations that (1) misrepresentations had been made by Rocco in regard to mutual fund and insurance products sold to the customer […]

Gregory Alan Levine (also known as Greg Alan Levine) of Fort Lauderdale Florida a stockbroker formerly employed by First Allied Securities has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that Levine neglected to respond to an inquiry that FINRA made regarding his activities possibly […]

Phillip Andrew Johnson of Nashville Tennessee a stockbroker formerly employed by SunTrust Investment Services Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that Johnson refused to respond to a FINRA information request. Case No. 2018056846001 (Sept. 24, 2018). According to FINRA Public Disclosure, […]

Oscar Nunez of New York New York a stockbroker formerly employed by J.H. Darbie Co. Inc. is the subject of a FINRA Investigation in which FINRA determined that disciplinary action should be taken by FINRA Department of Enforcement against Nunez founded on accusations of (1) Nunez taking a loan from a customer (2) Nunez falsifying […]

Sampson Pearson Jr. of Charlotte North Carolina a stockbroker formerly registered with Northwestern Mutual Investment Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that Pearson declined to cooperate with a FINRA information request. Case No. 2017054269301 (Sept. 22, 2017). According to FINRA Public […]

Lorene Fairbanks (also known as Lori Miller) of Canfield Ohio a stockbroker formerly employed by Ameriprise Financial Services has been fined $7,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Fairbanks entered into an unapproved customer loan arrangement in which Fairbanks […]

James Edward Bashaw of Houston Texas a stockbroker formerly employed by LPL Financial LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Bashaw engaged in impermissible customer loan arrangements while associated with LPL Financial. Letter of Acceptance Waiver and Consent No. […]

Corey Lee Mireau of Eden Prairie Minnesota a stockbroker formerly registered with Ameriprise Financial Services Inc. has been fined $15,000.00 and suspended for two years from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Mireau engaged in unapproved outside business activities (2) Mireau executed […]

Michael Paul Lessard Jr. of Rock Hill South Carolina a stockbroker formerly employed by Southeast Investments N.C. Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Lessard engaged in unauthorized customer loan agreements while registered with Southeast Investments N.C. Inc. and […]

Ellen Jane Donnelly (also known as Ellen Jane Fleming) of Red Bank New Jersey a stockbroker formerly employed by Morgan Stanley has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Donnelly entered into an unauthorized loan arrangement in which she failed to […]

James Cornelius Bylenga of Portage Michigan a stockstockbroker formerly employed by LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that he failed to comply in FINRA’s investigation into Bylenga’s possible loan arrangements with customers of LPL Financial LLC. Letter of Acceptance […]

Kevin Hao Jie Zhang of Dewitt New York a stockbroker formerly registered with Pruco Securities, LLC has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Zhang engaged in an unapproved loan arrangement with a customer of Pruco Securities. […]

Ziv Ohel of Long Grove Florida a stockbroker formerly employed by CFD Investments Inc. has been discharged on September 6, 2017 based upon accusations from a customer who claimed that (1) unsuitable transactions were executed in the customer’s account (2) fiduciary duties owed to the customer had been breached and (3) trades were placed in […]

Denise Marie Peskar of Mayfield Heights Ohio a broker formerly registered with Pruco Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that she failed to respond to a FINRA information request. Letter of Acceptance Waiver and Consent No. 2018059051901 (Dec. 21, 2018). […]

Carnell Moore of Tampa Florida a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith 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 Moore engaged in unauthorized outside business activities. Letter of Acceptance Waiver and Consent No. […]

James Wayne Brink of Stockton California a prior broker of NYLife Securities LLC has been discharged by the firm on December 29, 2016 founded on accusations that (1) Brink engaged in outside business activities without having procured the firm’s permission and (2) Brink violated the firm’s policy by engaging in activities when Brink took possession […]

Tami Susan Balas of Montoursville Pennsylvania a stockbroker formerly registered with SCF Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that Balas did not respond to a FINRA inquiry. Case No. 2017056821201 (Nov. 19, 2018). FINRA Public Disclosure reveals that Balas initially […]

Patrick Thomas Golden of Charlotte North Carolina a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith has been fined $15,000.00 and suspended for twenty months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Golden engaged in private securities (2) Golden engaged in […]

Ralph Richard Von Lutzow of Sarasota Florida a stockbroker formerly registered with Oberweis Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Von Lutzow engaged in private securities transactions involving customers of the firm (2) Von Lutzow accepted customer […]

Michael Andrew Norman of Reno Nevada a former NYLife Securities LLC registered representative has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Norman failed to cooperate with FINRA in an investigation into allegations of him engaging in an unapproved customer loan arrangement. […]

Carol Ann Holesha of Chicago Illinois a stockbroker formerly registered with LPL Financial LLC has been fined $7,500.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Holesha borrowed money from a customer without the firm’s permission and (2) […]

Tracy Michelle Lund of Hillsborough Oregon a stockbroker formerly employed by Key Investment Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Lund failed to cooperate in a FINRA investigation into allegations of her suspicious transactions involving a customer’s account. Letter of Acceptance […]

John-Aaron Lenhert of Laguna Niguel California a stockbroker formerly employed by Morgan Stanley has been fined $7,500.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in unauthorized customer loan arrangements. Letter of Acceptance Waiver and Consent No. […]

Patrick McGrath III of Miami Florida a stockbroker formerly employed by Oppenheimer Co. Inc. has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he borrowed funds from a customer without permission. Letter of Acceptance Waiver and Consent No. 201303723890 […]

Stephen Robert Adams of Birmingham Alabama a stockbroker formerly employed by BBVA Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that Adams failed to provide FINRA’s staff information that had been requested of him in an investigation into his activities. Case No. […]

J. Gordon Cloutier Jr. of Frisco Texas a stockbroker formerly employed by Wells Fargo Advisors LLC has been 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’s investigation into Cloutier’s possible unauthorized trading. Department of Enforcement v. J. […]

Earle Clement Tingley of Winter Haven Florida a stockbroker formerly registered with Wells Fargo Advisors Financial Network LLC 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 Tingley inappropriately borrowed money from customers and lied about it when questioned […]

Gary Dennis Ruiz of Huntington Station New York a stockbroker formerly employed by Citigroup Global Markets Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that he neglected to respond to FINRA’s information requests. Case No. 2017054030901 (Dec. 11, 2017). FINRA Public Disclosure confirms […]

Patrick Jermaine Phillips of Chicago Illinois a stockbroker formerly employed by Robert W. Baird has been fined $10,000.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based in part on consenting to findings that Phillips entered into unapproved customer loan arrangements. Letter of Acceptance Waiver […]

Mark Anthony Cook of Sewell New Jersey a stockbroker formerly associated with Wells Fargo Advisors Financial Network LLC has been discharged on May 16, 2018 supported by allegations that Cook acknowledged to the firm that (1) he engaged in outside business activities that had not been disclosed to Wells Fargo and (2) his spouse was […]

Gordon Tong Quan of Pasadena California a stockbroker formerly employed by Cetera Advisor Networks LLC has been discharged by the firm on May 15, 2018 founded on allegations that Quan engaged in outside business activities and unapproved customer loan arrangements; conduct violative of the firm’s policies. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that […]

Gregory Richard Acosta of Diamond Bar California a stockbroker currently employed by Kestra Investment Services LLC has been sanctioned by the State of California Department of Insurance according to a Stipulation and Consent Order supported by allegations that Acosta entered into unapproved customer loan arrangements and improperly designated himself as the owner and beneficiary of […]

Earle Clement Tingley of Winter Haven Florida a stockbroker formerly employed by Wells Fargo Advisors Financial Network LLC has been discharged by the firm on April 27, 2018 supported by allegations that Tingley acknowledged to have entered into a customer loan arrangement in violation of the firm’s policies. Financial Industry Regulatory Authority (FINRA) Public Disclosure […]

Philip Albert Schreiner of San Antonio Texas a stockbroker formerly employed by Morgan Stanley has been discharged by the firm on April 18, 2018 founded on allegations that Schreiner (1) partook in the solicitation of outside real estate investments and other activities involving a firm customer and (2) engaged in an unapproved customer loan arrangement. […]

Barbara Bonnie Fox of Hampton Virginia a stockbroker formerly registered with SunTrust Investment Services Inc. has been discharged by the firm on April 5, 2018 supported by accusations that Fox procured a loan from one of the firm’s customers despite failing to procure approval from SunTrust Investment Services. Financial Industry Regulatory Authority (FINRA) Public Disclosure […]

Nicholas Modesto Disesso of Florham Park New Jersey a stockbroker registered with Ameriprise Financial Services Inc. has been discharged from the firm on February 12, 2016 founded on allegations that he violated the firm’s policies concerning (1) outside business activities (2) borrowing from customers and (3) disclosures required by FINRA. Financial Industry Regulatory Authority (FINRA) […]

Kathryn Renee Charpie (also known as Kathryn Renee Stevens) of Overland Park Kansas a stockbroker registered with LPL Financial LLC has been discharged on February 6, 2018 based upon accusations that Charpie entered into an unauthorized borrowing arrangement in violation of LPL Financial policy. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that on December […]

Shane Gavin Springman of Portage Michigan a stockbroker employed by Wells Fargo Clearing Services LLC has been discharged by the firm on March 6, 2018 based upon allegations that Springman violated the firm’s policies by borrowing funds from two of the firm’s customers. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that on January 18, […]

Norman R. Sicard Jr. of West Des Moines Iowa a stockbroker formerly employed by Broker Dealer Financial Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he failed to cooperate with FINRA’s investigation into accusations of him making unsuitable investment recommendations and […]

Joseph Gordon Cloutier of Frisco Texas a stockbroker formerly registered with Wells Fargo Advisors has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that Cloutier failed to cooperate with a FINRA investigation into allegations of him executing transactions in customer accounts without permission and soliciting a loan from a customer. Department […]

David Warren Olson of Saint Petersburg Florida is a stockbroker formerly registered with Morgan Stanley who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he failed to cooperate in a FINRA investigation into allegations of Olson engaging in an unpermitted customer loan […]

Vincente Davila of Houston Texas is a stockbroker formerly registered with Morgan Stanley who has been fired on February 1, 2018 founded on allegations that he executed unapproved customer loan arrangements in which he placed unauthorized transfers of assets into Davila’s banking account from the customer’s investment account. Financial Industry Regulatory Authority (FINRA) Public Disclosure […]

Frank Bazan of Houston Texas is a stockbroker formerly registered with BBVA Securities Inc. who has been fined $20,000.00 and suspended for seven months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he entered into an unapproved customer loan arrangement and outside business activity […]

Ellen Jane Donnelly of Red Bank New Jersey is a stockbroker registered with Morgan Stanley Wealth Management who has been fired on December 27, 2016 based upon accusations of Donnelly’s misconduct with regard to a customer loan arrangement. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Donnelly is the subject of a customer initiated […]

Michael Bruce Ralby of Boca Raton Florida is a stockbroker formerly registered with Morgan Stanley Smith Barney who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate in a FINRA investigation into allegations that he entered into unauthorized […]

Jason Hunter Likens of Orlando Florida is a stockbroker formerly employed with Oppenheimer who has been has been fined ten thousand dollars and suspended for fifteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he entered into unapproved loan arrangements with customers of […]

Douglas Edward Kary of San Diego California is a stockbroker formerly associated with Morgan Stanley who was fired on April 1 2016 based upon allegations that Kary entered into an unapproved loan arrangement between a firm customer and an outside entity that Kary was involved in. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that […]

Corey Lee Mireau of Eden Prairie Minnesota is a stockbroker formerly registered with Ameriprise Financial Services Inc. who has been terminated from employment on September 15 2017 based upon allegations that he potentially violated the firm’s policies concerning outside business activities and customer loan arrangements. Mireau reportedly resigned while under the firm’s suspension. Financial Industry […]

Philip Andrew Johnson of Nashville Tennessee is a stockbroker formerly associated with SunTrust Investment Services Inc. who has been fined five thousand dollars and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he borrowed funds from a customer without authorization from the firm. […]

Michael Quiles III of Long Island City New York is a stockbroker formerly registered with LPL Financial LLC who has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that Quiles failed to cooperate in a FINRA investigation into accusations of his unapproved customer loan arrangement. Department of Enforcement […]

Linda Sue Zara of Boca Raton Florida is a stockbroker associated with Wells Fargo Clearing Services who has been fired in December 2017 based upon accusations that she executed an unapproved customer loan arrangement in violation of Wells Fargo’s policies. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that a customer initiated investment related arbitration […]

James Marc Unger of Mayfield Heights Ohio is a stockbroker formerly registered with Financial America Services who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Unger (1) entered into an unapproved borrowing arrangement with a customer (2) falsely attested to his […]

David Warren Olson of Saint Petersburg, Florida, a stockbroker associated with Morgan Stanley Wealth Management, has been fired on December 20, 2016, based upon allegations that he participated in undisclosed outside business activities and solicited a customer loan. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Olson has been identified in eight more customer […]

John M. James of Golden Valley, Minnesota, a stockbroker associated with Merrill Lynch, Pierce, Fenner & Smith, Incorporated, has been 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 of his borrowing of customer […]

Bradley Ross Thompson, of Fort Collins, Colorado, a stockbroker registered with LPL Financial LLC, has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he entered into unauthorized lending arrangements with customers of the firm. Letter of Acceptance, Waiver and Consent, […]

Robert Montano, of Chicago, Illinois, a stockbroker formerly registered with U.S. Bancorp Investments, Inc., has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he entered unauthorized loans with the firm’s customers. Letter of Acceptance, Waiver and Consent, […]

Brian Royster of Ann Arbor, Michigan, a stockbroker formerly registered with HD Vest Investment Services, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to provide FINRA with information in an investigation into his alleged borrowing of customers’ funds. Letter […]

Jeffrey Waldera, of Onalaska, Wisconsin, a stockbroker previously employed by Robert W. Baird & Co. Incorporated, has been fined $7,500.00 suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in all capacities based on consenting to findings that he entered into unauthorized lending arrangements with firm customers and then lied […]

Dartanian VJ Sanders, of Metairie, Louisiana, a stockbroker formerly registered with PFS Investment Inc., has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member by consenting to findings that he failed to cooperate in a FINRA investigation into allegations that Sanders entered into improper lending arrangements with the firm’s customers. Letter […]

Kevin Ray Bonner, of Burien, Washington, a stockbroker formerly registered with Lincoln Financial Securities Corporation, has been fined $2,500.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member by consenting to findings that included, inter alia, Bonner’s failure to disclose a customer loan arrangement which he later defaulted on. […]

David Wilson Flemming Jr., of White Plains, New York, a stockbroker formerly registered with Stifel, Nicolaus & Company, Incorporated, was fired from employment on July 5, 2017, founded upon accusations that he entered into an unauthorized loan arrangement with a firm customer. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Flemming has been identified […]

Brant Andrew Ray, of Southhaven, Mississippi, a stockbroker formerly registered with Commonwealth Financial Network, has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he effected an unapproved loan transaction and lied about it when questioned by his firm and […]

William Roy Kimberlin, of Dallas, Texas, a stockbroker formerly registered with Metlife Securities Inc., has been fined $15,000.00 and suspended for eighteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he borrowed from customers without authorization, made misrepresentations to his firm, and participated […]

Josette Lee Greechan, of White Plains, New York, a stockbroker registered with Merrill Lynch, Pierce, Fenner & Smith, Incorporated, has been sanctioned according to a Stipulation and Order for Withdrawal issued by the State of Michigan Department of Licensing and Regulatory Affairs, Corporations, Securities & Commercial Licensing Bureau, based upon allegations that Greechan entered into […]

Fred Ronald Brown, of Montgomery, Alabama, a stockbroker registered with Merrill Lynch, Pierce, Fenner & Smith Inc., was fired on July 12, 2017, based upon allegations that Fred Ron  entered into a loan arrangement with a customer despite failing to first gain authorization from the firm. Financial Industry Regulatory Authority (FINRA) Public Disclosure Reveals that […]

Thomas Lawrence, of Chapel Hill, Tennessee, a stockbroker formerly registered with Ameritas Investment Corp., has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that he borrowed funds from a customer in violation of the firm’s policies. Department of Enforcement v. Thomas Lawrence, No. 2016051945101 (July 27, 2017). According to the Complaint, […]

Todd Joseph Pilosi, of Fresno, California, a stockbroker formerly registered with LPL Financial LLC, has been fined and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in unauthorized transactions involving customer funds. Letter of Acceptance, Waiver and Consent, No. 2016051455601 (Apr. […]

Jaime Hazael Aguilar, of San Diego, California, a stockbroker formerly registered with Morgan Stanley, has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member based upon consenting to findings that he entered into unauthorized loan arrangements with the firm’s customers. Letter of Acceptance, Waiver and Consent, No. 2016050297702 (July […]

Lorene Fairbanks, of Canfield, Ohio, a stockbroker registered with Ameriprise Financial, has been terminated from employment on May 18, 2017, based upon allegations that Fairbanks borrowed funds from a customer and corresponded with customers in violation of the firm’s policies. This is not the first time that Fairbanks has been terminated from employment based upon […]

Mitchell G. Behm, of Denver, Colorado, a stockbroker formerly registered with Edward Jones, has been fined $10,000.00 and suspended for seven months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Behm, inter alia, engaged in an unauthorized borrowing arrangement with a customer of the […]

M. Tyler Bonds, of Newport Beach, California, a stockbroker formerly registered with LPL Financial LLC, 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 he entered into a loan arrangement with a customer in violation of his firm’s policies. […]

Christopher Anthony Fernan, of Melville, New York, a stockbroker registered with Salomon Whitney Financial, was terminated from employment on February 17, 2017, based upon allegations that he entered into an unauthorized loan arrangement with a firm customer. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Fernan has been named in three customer initiated investment […]

Cathy Ione Earnest, of Chicago, Illinois, a stockbroker formerly registered with Pruco 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 furnish complete information to FINRA in the course of FINRA’s investigation into allegations of Earnest’s unauthorized […]

Karl Austin Pettijohn, of Los Angeles, California, a stockbroker registered with J.P. Morgan Securities LLC, has been terminated from employment on April 29, 2016, based upon the firm’s allegations that he inappropriately communicated with customers and entered into unauthorized lending arrangements. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that on April 28, 2017, a […]

Kai Chong Cheng of Tenafly, New Jersey, recently signed a consent order with the State of New Jersey agreeing to a five-year suspension from registration in New Jersey. In a related enforcement action, he has been permanently barred from the securities industry by FINRA. Cheng worked at a Merrill Lynch branch office in New York […]

Marco A. Daniel, of Chula Vista, California, a stockbroker currently registered with PFS Investments Inc., has been suspended from conducting business with California residents in an insurance capacity pursuant to a California Department of Insurance Order containing findings that Daniel was sanctioned by Financial Industry Regulatory Authority (FINRA) for sales practice violations. PLBS 10438-AP (Apr. […]

Leah Rebecca Bullen, of Walnut Creek, California, a stockbroker registered with Wells Fargo Advisors, LLC, was terminated from employment on January 7, 2016, based upon allegations that she effected a loan arrangement with an investor outside the auspices of her firm, and did not make disclosures to the firm about her involvement in a legal […]

Zena Yofonovich, of Rosemont, Illinois, a stockbroker formerly registered with Pruco Securities, LLC, has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that she entered into an unauthorized agreement to borrow funds from a customer. Letter of Acceptance, Waiver and Consent, No. 1358792 […]

John Andrew Bodnar, of Burlington, Vermont, a stockbroker registered with Merrill Lynch, Pierce, Fenner & Smith Inc., was terminated from employment on January 9, 2017, based upon allegations that he solicited an unauthorized loan arrangement with one of the firm’s customers. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Bodnar has been named in […]

Anthony John Cummings, of Lutherville-Timonium, Maryland, a stockbroker formerly registered with Edward Jones, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he converted customer funds. Letter of Acceptance, Waiver and Consent, No. 2016051104901 (May 9, 2017). FINRA Public Disclosure reveals that on […]

Brant Andrew Ray, of Southaven, Mississippi, a stockbroker formerly registered with Commonwealth Financial Network, has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that Ray engaged in an unauthorized borrowing arrangement with a customer of the firm. Department of Enforcement v. Brant Andrew Ray, No. 2015047096601 (May 1, […]

Aileen Eppig, of Hauppauge, New York, a stockbroker formerly registered with Stifel, Nicolaus & Company, Inc., 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 cooperate in a FINRA investigation into allegations that she engaged in unauthorized loan arrangements […]

William Cambell Webb, of Panama City, Florida, a stockbroker formerly registered with Raymond James Financial Services, has been fined $15,000.00 and suspended for eighteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in outside business activities and unauthorized loan arrangements with […]

David Ladin, of Pembroke Pines, Florida, a stockbroker formerly registered with Allstate Financial Services, has been fined $10,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in outside business activities and entered into loan arrangements without authorization […]

Jason Hunter Likens, of Orlando, Florida, a stockbroker formerly registered with International Assets Advisory, LLC, has been terminated from employment on January 31, 2017, based upon allegations that he failed to provide FINRA personnel with a response to FINRA’s request for information, which the firm claimed was conduct violative of FINRA Rule 8210. Likens was […]

Joan Marie Larsen, of Freehold, New Jersey, 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 cooperate in a FINRA investigation into allegations that she accepted an unauthorized loan from a customer. Letter of Acceptance, Waiver and Consent, No. […]

Matthew J. Giannone, of Melville, New York, a stockbroker formerly registered with Oppenheimer & Co. Inc., has been fined $7,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he entered into an unauthorized loan arrangement. Letter of Acceptance, Waiver and Consent, No. […]

Vincent Paul Sturm, of Perry, Iowa, a stockbroker formerly registered with LPL Financial LLC, was terminated by the firm and VisionPoint Advisory Group, LLC on August 26, 2016, based upon allegations that Sturm solicited loans from customers in violation of his firms’ policies. Since September 7, 2016, Sturm has been registered with Berthel, Fisher & […]

Richard Edwin Seidel, of Wyomissing, Pennsylvania, a stockbroker formerly registered with Pruco Securities, LLC, has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he engaged in an unauthorized borrowing arrangement with a firm customer. Letter of Acceptance, Waiver and Consent, No. 2016050057401 […]

Robert Emmitt Gill, of Tinton Falls, New Jersey, a stockbroker formerly registered with J.P. Turner & Company, L.L.C., has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he engaged in an unauthorized borrowing arrangement with a firm customer. Letter of […]

Jeffrey Hunter Smith, of Williamsburg, Virginia, a stockbroker with Morgan Stanley, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he obstructed an investigation into allegations of his unauthorized borrowing of customer funds. Letter of Acceptance, Waiver and Consent, No. 2015044363701 (Sept. 30, […]

Robert E. Heath, from Colorado Springs, Colorado, a registered representative with AXA Advisors, LLC, was fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he engaged in the unauthorized borrowing of customer funds. Letter of Acceptance, Waiver and Consent, […]

Neither a borrower nor a lender be. Ciro Gilbert Cavazos, of Chico, California, a stockbroker with Edward Jones, was fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member firm any capacity after consenting to findings that he engaged in the unauthorized borrowing of customer funds. Letter of […]

James McCormick, Jr., of Harrisonburg, Virginia, a stockbroker with Wells Fargo Advisors, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he failed to cooperate with a FINRA investigation into allegations stemming from customer complaints against McCormick. Letter of Acceptance, Waiver and Consent, […]

Francisco Javier Sumavielle, of New York, New York, a stockbroker with Murex Capital, LLC, was fined $12,500.00 and suspended for seven months from associating with a Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he engaged in unauthorized borrowing from customers. Letter of Acceptance, Waiver and Consent, No. […]

Sharon Fall, of Annapolis, Maryland, a stockbroker with LPL Financial LLC, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that she failed to cooperate in a FINRA investigation into allegations that she engaged in the unauthorized borrowing of funds from firm customers. […]

Gerarld Fagnant, of Leominster, Massachusetts, a stockbroker with LPL Financial LLC, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he accepted unauthorized loans from frim customers, and made false statements on his firm’s compliance questionnaires regarding such. Letter of Acceptance, Waiver […]

Christopher Charles Burtraw, of Lake Wood, Colorado, a stockbroker with J.P. Turner & Company LLC, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he failed to cooperate in a FINRA investigation into allegations that Burtraw engaged in the “unauthorized borrowing” of multiple […]

Billy Wayne Allen, of Bentonville, Arkansas, a stockbroker with Merrill Lynch, Pierce, Fenner & Smith, Inc., was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he failed to cooperate in a FINRA investigation into his unauthorized solicitation and receipt of loans from customers. […]

Lance E. Slater, of Mt. Laurel, New Jersey, a stockbroker with Morgan Stanley, was barred from associating with any Financial Industry Regulatory Authority (FINRA) member after consenting to findings that he failed to cooperate in a FINRA investigation into allegations of unauthorized borrowing of funds from a firm customer. Letter of Acceptance, Waiver and Consent, […]

Most stockbrokers get barred for failure to cooperate, but not this one. Jeffrey E. Rodgers, of Bend, Oregon, a stockbroker with Morgan Stanley, was suspended for two years from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity per an Order Accepting Offer of Settlement containing findings that Rodgers engaged in unauthorized […]

Jeffrey S. Ingros, of Beaver, Pennsylvania, a stockbroker with Raymond James Financial Services, Inc., was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he failed to cooperate in a FINRA investigation into allegations that he engaged in unauthorized loans and outside business activities. […]

Walter Francis Grenda, Jr., of Buffalo, New York, a stockbroker with Mid Atlantic Capital Corporation was barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any and all capacities per an Order Accepting Offer of Settlement containing findings that he engaged in fraudulent omissions and misrepresentations, engaged in improper loans from the […]

Robert J. Cross of Rome, Georgia, a stockbroker with Allstate Financial Services, LLC, was barred by Financial Industry Regulatory Authority (FINRA) from associating with any FINRA member in any and all capacities after Cross consented to findings that he failed to cooperate with a FINRA investigation into allegations of his business activities. Letter of Acceptance, […]

Richard Marvin Muhlberg of Cherry Hill, New Jersey, a stockbroker with Sigma Financial Corporation, was suspended from association with any Financial Industry Regulatory Authority (FINRA) member in any and all capacities for a period of three months and fined $10,000 after consenting to findings that he had borrowed money in violation of his firm’s procedures […]

John Charles Kautter of Bethesda, Maryland, a registered representative with New England Securities, was suspended for two months from association with any Financial Industry Regulatory Authority (FINRA) member in any and all capacities in connection with an Order Accepting Offer of Settlement containing findings that he had facilitated an unapproved loan transaction. Department of Enforcement […]

Rick Esparza of Rancho Murieta, California, a registered representative with Princor Financial Services Corporation, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any and all capacities after consenting to findings that he had failed to comply with a FINRA investigation into allegations of Esparza’s participation in unauthorized loans. Letter […]

David Paul Rankin, Jr. of Lexington, Kentucky, a registered representative with Lexington Investment Company, Inc., was fined $5,000 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacities after consenting to findings that he obtained loans from customers in violation of his firm’s policies. Letter of Acceptance, […]

Christopher S. Scott of Colorado Springs, Colorado, a registered representative with Geneos Wealth Management, Inc., was suspended from associating with any Financial Industry Regulatory Authority (FINRA) member firm and fined $5,000 after consenting to findings that he borrowed money without permission or notice to his employer. Letter of Acceptance, Waiver and Consent, No. 2015044007101 (Nov. […]

Christian B. Harkness of Lacrosse, Wisconsin, a registered representative with Stifel, Nicolaus & Company, Inc., was fined $15,000 and suspended for nine months fromChristian B. Harkness associating with any Financial Industry Regulatory Authority (FINRA) member in any and all capacities after consenting to findings that he had engaged in unauthorized borrowing from a customer, engaged […]

Donna Kay Beers of Dallas, Texas, a registered representative with Titan Securities of Addison Texas (CRD No. 131392), was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that she failed to cooperate with a FINRA investigation into allegations that Beers had engaged in […]

Liam Gerard O’Keeffe from Danbury, CT, a Stockbroker with Merrill Lynch, 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 provide information and documentation requested by FINRA in the course of their investigation into allegations that O’Keeffe exercised discretion […]

Andrew Lyman Quinn of Reno, Nevada, a stockbroker with Stifel, Nicolaus & Company, Inc., was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity in connection with a Hearing Panel Decision containing findings that Quinn failed to respond to FINRA’s requests for information in connection with an investigation […]

Darnell A. Deans, a Stockbroker with Garden State Securities, was suspended from association with any Financial Industry Regulatory Authority (FINRA) member in any and all capacities for eight months and fined $10,000 per an Office of Hearing Officers Settlement containing findings that Deans had borrowed funds in violation of his firm’s policies. Department of Enforcement […]

Robert Charles Mangold, a Stockbrokerwith LPL Financial LLC, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) registered firm after consenting to findings that he failed to cooperate with FINRA in their investigation into allegations that Mangold borrowed funds from a customer in violation of his firm’s policy. Letter of Acceptance, Waiver, […]

Andre Paul Young, a registered representative with MetLife Securities, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he improperly borrowed $208,000 in funds from customers in violation of his firm’s policies, and failed to cooperate with a FINRA investigation into allegations of […]

Tricia Denise Willis, a registered representative with People’s Securities, Inc., was permanently barred from association with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that she converted funds from a customer of her firm and forged a customer’s signature without authorization. Letter of Acceptance, Waiver, and Consent No. 20130392989 […]

Jeffrey E. Rodgers, a registered representative with Morgan Stanley, was charged by the Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that Rodgers accepted an unauthorized customer loan, engaged in outside business activities, made false statements on an annual compliance questionnaire, and failed to provide documentation and information to FINRA pursuant to Rule 8210. […]

Raymond Daniel Schmidt, a registered representative with LPL Financial, LLC, was permanently barred from association with any Financial Industry Regulatory Authority (FINRA) regulated broker-dealer in any capacity after consenting to findings that he engaged in prohibited customer loans, undisclosed outside business activities, made false statements to a FINRA broker-dealer, and failed to cooperate with regulators […]

Alejandro Federico Marin Aigster, a registered representative with Mercantil Commercebank Investment Services, was permanently barred by the Financial Industry Regulatory Authority (FINRA) after consenting to findings that he failed to respond to requests for information and documentation concerning their investigation into allegations of Marin’s misconduct concerning an unauthorized loan with a firm customer. Letter of […]