Outside Business Activities

Archive | Outside Business Activities

FINRA Bars Park Avenue Stockbroker In Global Credit Recovery Scheme

John C. Howley (also known as Jack C. Howley) of Rumson New Jersey a stockbroker formerly employed by Park Avenue Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Howley failed to cooperate with FINRA’s requests which had been made as part […]

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Summit Stockbroker Barred In Selling Away Investigation

Thomas Stappas of Parsippany New Jersey a stockbroker formerly registered with Summit Equities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Stappas failed to comply with FINRA staff during an investigation into accusations of (1) undisclosed private securities transactions being […]

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Purshe Kaplan Terminates Stockbroker During Investigation

Brian John Bogart of McClean Virginia a stockbroker formerly registered with Purshe Kaplan Sterling Investments has been terminated from the securities broker dealer on February 4, 2019 during the time that he was under investigation by both Financial Industry Regulatory Authority (FINRA) and Purshe Kaplan Sterling Investments for possibly selling away from the securities broker […]

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LPL Stockbroker Terminated For Outside Activities

October 14, 2019  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Andre Kapulenui Kaluna of Avondale Arizona a stockbroker formerly registered with LPL Financial LLC has been terminated from the securities broker dealer on February 8, 2019 based upon accusations that Kaluna engaged in outside business activities which had not been disclosed to LPL Financial LLC. FINRA Public Disclosure confirms that Kaluna is referenced in three […]

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FINRA Charges Allstate Stockbroker With Conversion

Jesse Gil III of Corpus Christi Texas a stockbroker formerly registered with Allstate Financial Services LLC has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint containing accusations that (1) Gil converted funds belonging to an elderly widow whom Gil advised outside Allstate Financial Services’ auspices (2) Gil failed to […]

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John Loofbourow Stockbroker Barred In FINRA Inquiry

September 13, 2019  |   Posted by :   |   Outside Business Activities, Selling Away, Stockbroker Fraud News   |   0 Comments

Craig Anthony Zabala of New York New York a stockbroker formerly employed by John W. Loofbourrow Associates Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Zabala hindered a FINRA investigation into allegations of him engaging in private securities transactions and outside business […]

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FINRA Sanctions Neidiger Stockbroker For Outside Business Activities

September 13, 2019  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Jeffrey Evan Sigman of Greenwood Village Colorado a stockbroker formerly registered with Neidiger Tucker Bruner Inc. has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Sigman engaged in undisclosed outside business activities while associated with the securities broker dealer. FINRA Arbitration […]

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FINRA Bars NYLife Stockbroker For Conversion

Lawrence James Rizer of Boardman Ohio a stockbroker formerly registered with NYLife Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings of his conversion of funds while engaging in an outside business activity. Letter of Acceptance Waiver and Consent No. 2017054157401 […]

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FINRA Bars Dinosaur Stockbroker In Investigation

September 13, 2019  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Gerald Lee Brodsky of New York New York a stockbroker formerly registered with Dinosaur Financial Group L.L.C. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Brodsky failed to cooperate with an investigation concerning his outside business activities. Letter of Acceptance, Waiver and Consent […]

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LPL Stockbroker Barred By Regulator For Selling Away

September 13, 2019  |   Posted by :   |   Outside Business Activities, Selling Away, Stockbroker Fraud News   |   0 Comments

Joseph Alan Likens of Des Peres Missouri a stockbroker employed by LPL Financial LLC has been barred from being a stockbroker or an investment adviser representative in the State of Missouri according to a Consent Order issued by the State of Missouri Office of Secretary of State containing findings that Likens engaged in unethical and […]

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Voya Discharges Stockbroker For Outside Activity

August 28, 2019  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

James Ernest Joly (also known as Jim Joly) of East Greenwich Rhode Island a stockbroker formerly registered with Voya Financial Advisors Inc. has been discharged on July 10, 2018 founded on accusations that (1) Joly preserved Voya Financial Advisors customer account documents that were signed but otherwise blank so that he could effect transactions in […]

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FINRA Sanctions NYLife Stockbroker For Outside Business Activities

Partho Sarathi Ghosh of New York New York a stockbroker registered with NYLife Securities LLC has been fined $25,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Extended Hearing Panel Decision containing findings that Ghosh engaged in undisclosed outside business activities. Department […]

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Madison Avenue Stockbroker Barred In Selling Away Investigation

Bryan Joseph Clark of Atascadero California a stockbroker employed by Madison Avenue Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Clark failed to cooperate with FINRA personnel during an investigation into accusations of (1) Clark engaging in outside business activities that […]

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Innovation Stockbroker Sanctioned For Outside Business Activities

August 27, 2019  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Leonard John Kuczynski of Charlotte North Carolina a stockbroker registered with Innovation Partners LLC 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 Kuczynski engaged in outside business activities without disclosing them to the securities broker […]

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Morgan Stanley Stockbroker Sanctioned For Outside Business Activities

August 16, 2019  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Ken Kavanagh (also known as Kenneth Joseph Kavanagh and as Kenneth Kavanaugh) of New York New York a stockbroker registered with Morgan Stanley has been fined $25,000.00 and suspended for eighteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Kavanagh engaged in undisclosed outside business […]

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FINRA Sanctions Kestra Stockbroker For Outside Activities

Michael Thomas Lee of Darien Connecticut a stockbroker formerly registered with Kestra Investment Services LLC has been fined $12,500.00 and suspended for one year from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that (1) Lee participated in the Origin Fund as an outside business activity without disclosing […]

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FINRA Bars PFS Stockbroker In Investigation

August 11, 2019  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Diane Qun Zhu of San Francisco California a stockbroker formerly registered with PFS Investments Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Zhu obstructed a FINRA investigation into allegations of her potential outside activities referenced by PFS Investments Inc. when Zhu had […]

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FINRA Bars Farmers Stockbroker In Investigation

July 22, 2019  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Tina Marie Martinez of Yakima Washington a stockbroker formerly registered with Farmers Financial Solutions LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Martinez failed to cooperate with FINRA personnel during an investigation into her life insurance business. Letter of Acceptance Waiver and […]

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TCM Stockbroker Caught Selling Away

Mark Gregory Raezer of Aurora Colorado a stockbroker formerly employed by Taylor Capital Management Inc. has been fined $15,000.00 and suspended for ten months from associating with any FINRA member in any capacity supported by accusations that Raezer engaged in private securities transactions during the time he was employed by the firm. Letter of Acceptance, […]

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Paulson Stockbroker Caught Selling Away

Zvi Ben-Zvi of New York New York a stockbroker formerly registered with Paulson Investment Company has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Ben-Zvi engaged in unapproved private securities transactions during the time he was associated with […]

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LPL Financial Pays Investors In Promissory Note Scheme

Michael Scott Lincoln of San Diego California a stockbroker formerly employed by LPL Financial LLC is referenced in a customer initiated investment related arbitration claim which was settled for $275,000.00 in damages founded on allegations that (1) trades placed in the customer’s investment account were unsuitable for the customer (2) the customer’s investment affairs were […]

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International Assets Advisory Stockbroker Terminated For Cause

Thomas Edmund Connors of Toms River New Jersey a stockbroker formerly employed by International Assets Advisory LLC has been discharged by the firm on November 6, 2017 supported by accusations that Connors spoke with customers of the firm during the time that he was suspended by FINRA for engaging in outside business activities. Specifically, Financial […]

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Royal Alliance Sued By Investors For Stockbroker’s Sale Of Unregistered Securities

Darrin Barton Farrow of Rocky River Ohio a stockbroker formerly employed by Royal Alliance Associates Inc. is the subject of a customer initiated investment related arbitration claim in which the customer sought $250,000.00 in damages supported by allegations that the customer was sold unregistered securities during the time Farrow was associated with Royal Alliance Associates […]

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FINRA Sanctions Merrill Lynch Stockbroker For Outside Activities

June 18, 2019  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Kyung Soo Kim of Katy Texas 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 Kim engaged in outside business activities without having notified Merrill Lynch during the […]

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Cetera Stockbroker Barred By FINRA In Investigation

Nina Sue Jessee (also known as Nina Campbell Jessee) of Abington Virginia a stockbroker formerly employed by Cetera Advisors LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Jessee neglected to comply with FINRA during its investigation into accusations of (1) […]

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Sagepoint Stockbroker Barred In Investigation

June 11, 2019  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Alberto Sanchez of Fort Lauderdale Florida a stockbroker formerly registered with Sagepoint Financial Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon Sanchez’s consent to findings that Sanchez obstructed a FINRA investigation into accusations of Sanchez having engaged in outside business activities that were seemingly […]

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Forest Securities Fires Stockbroker For Misrepresentation

David Michael Apted of Saint Louis Missouri a stockbroker formerly registered with Forest Securities Inc. has been discharged by the firm on February 28, 2018 based upon its accusations that (1) Apted engaged in an outside business activity without either disclosing it to the firm or obtaining its approval (2) Apted submitted fraudulent documentation to […]

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Global Strategic Investments Sued For Misrepresentation

Alejandro Ariel Torres of Miami Florida a stockbroker formerly registered with Global Strategic Investments LLC is the subject of a customer initiated investment related arbitration claim which was settled for $32,500.00 in damages founded on accusations that misrepresentations had been made to the customer by Torres in regard to the customer’s investments and (2) investments […]

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Morgan Stanley Sued In Promissory Note Scheme

Brian Carey Sak of Deerfield Illinois a stockbroker formerly employed by Morgan Stanley is referenced in a customer initiated investment related arbitration claim which was resolved for $30,000.00 in damages founded on accusations that Sak failed to repay the customer funds that were due according to the terms of promissory notes executed by Sak and […]

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FINRA Bars American Portfolios Stockbroker In Investigation

Mark Lewton Hopkins of Grand Blanc Michigan a stockbroker formerly registered with American Portfolios 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 Hopkins failed to comply with a FINRA investigation into allegations of (1) Hopkins taking possession of […]

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LPL Stockbroker Barred For Selling Away

Philip John Nalesnik of Pottsville Pennsylvania a stockbroker formerly registered with LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Nalesnik hindered a FINRA investigation into accusations of (1) Nalesnik engaging in outside business activities in violation of the […]

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FINRA Charges Huntington Stockbroker With Selling Away

William Joseph Kielczewski of Toledo Ohio a stockbroker formerly registered with The Huntington Investment Company has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that (1) Kielczewski partook in private securities transactions without notifying the firm beforehand and (2) Kielczewski falsified information to the firm concerning the private […]

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SunTrust Stockbroker Barred In FINRA Investigation

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, […]

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Titan Securities Sued By Investors For Selling Unregistered Investments

Rodger Sprouse of Overland Park Kansas a stockbroker currently employed by Titan Securities of Addison Texas (CRD No. 131392) of is the subject of an investment related civil action in the Circuit Court of Jackson County Missouri where the investor sought $210,000.00 in damages based upon accusations that Sprouse sold the investor a structured cash […]

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Regulators Sanctions Cetera Stockbroker For Selling Away

Ken Alan Balser of Colorado Springs Colorado a stockbroker formerly employed by Cetera Advisors LLC is referenced in a Colorado Division of Securities Stipulation and Consent Order which revoked Balser’s sales representative licensure and investment adviser license based upon the Division’s findings that Balser sold investments to customers away from Cetera Advisors LLC. Case No. […]

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Investors Sue Allstate Financial For Failure To Supervise

Paul Joseph Godlewski of Coatesville Pennsylvania a stockbroker formerly registered with Allstate Financial Services LLC is referenced in a customer initiated investment related arbitration claim which was settled for $28,000.00 in damages supported by allegations that (1) Godlewski solicited a customer’s private placement investment outside the firm’s auspices causing a customer losses and (2) Allstate […]

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PFS Sued For Stockbroker’s Sale of Outside Investments

Perry De Leeuw of Duluth Georgia a stockbroker formerly registered with PFS Investments Inc. is the subject of a customer initiated investment related arbitration claim which was resolved for $100,000.00 in damages based upon allegations that the customer sustained losses on money provided to Leeuw for an outside business investment that Leeuw supposedly concealed from […]

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Merrill Lynch Stockbroker Suspended For Selling Away

Michael Milad Tanha (also known as Mikey Tanha) of Beverly Hills California a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated has been fined $15,000.00 and suspended for ten months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Tanha engaged in […]

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FINRA Sanctions LPL Stockbroker For Customer Loans

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. […]

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Ameriprise Stockbroker Sanctioned For Outside Activities

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 […]

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Wells Fargo Stockbroker and Wife Alleged to Be Bad Manors

David Manor of Boston Massachusetts a stockbroker formerly registered with Wells Fargo Clearing Services LLC has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint supported by accusations that (1) Manor engaged in unapproved outside business activities and private securities transactions involving a customer of the firm and (2) Manor […]

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Southeast Investments Stockbroker Barred For Fraudulent Customer Loans

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 […]

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FINRA Bars HD Vest Stockbroker For In Investigation

Thomas H. Laws of Silver City New Mexico a stockbroker formerly employed by 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 Laws failed to provide FINRA with recorded testimony in its investigation into allegations of Laws’ involvement […]

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Wells Fargo Stockbroker Suspended For Outside Activities

Jason Barrett Lane of New York New York a stockbroker formerly registered with Wells Fargo Clearing Services LLC has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Lane engaged in unapproved outside business activities during the time that he was associated […]

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Investors Capital Blamed For Real Estate Securities Misconduct

Nina Sue Jessee (also known as Nina Campbell Jessee) of Abingdon Virginia a stockbroker formerly employed by Investors Capital Corp. is the subject of a customer initiated investment related written complaint which was resolved for $20,000.00 on February 13, 2019 based upon accusations that the customer was placed in real estate securities which were inappropriate […]

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TCFG Wealth Stockbroker Barred In Investigation

Nicholas Brent Maddox of Laguna Niguel California a stockbroker formerly registered with TCFG Wealth Management LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Maddox failed to cooperate with FINRA’s request for information about his business activities. FINRA Case No. 2017056677901 (Nov. 26, […]

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Newbridge Stockbroker Barred For Selling Away

Dennis Allen Hayes of Boca Raton Florida a stockbroker formerly employed by Newbridge Securities Corporation has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a FINRA Office of Hearing Officers Order Accepting Offer of Settlement containing findings that (1) Hayes engaged in private securities transactions while […]

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Pruco Fires Stockbroker For Outside Business Activities

Joseph Peter Gulbin Jr. of Shelton Connecticut a stockbroker formerly employed by Pruco Securities LLC has been discharged by the firm on November 9, 2018 founded on accusations that (1) Gulbin participated in outside business activities which had not been disclosed to Pruco Securities or approved by the firm and (2) Gulbin furnished insurance policy […]

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Mutual Of Omaha Discharges Broker For Insurance Activities

Price A. Breville of Staten Island New York a stockbroker formerly registered with Mutual of Omaha Investor Services Inc. has been discharged on December 5, 2018 founded on allegations that Breville engaged in impermissible business activities concerning a customer’s purchase or sale of an insurance product. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that […]

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Morgan Stanley Fires Broker For Outside Business Activities

Kenneth Marc Hutkin of New York New York a stockbroker formerly employed by Morgan Stanley Wealth Management has been discharged by the firm on September 24, 2018 based upon accusations that (1) Hutkin engaged in outside business activities without having disclosed them to the firm and (2) Hutkin received compensation for activities that had not […]

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J.P. Morgan Broker Barred In Selling Away Investigation

Donovan St. Anthony Hunter of Houston Texas a stockbroker formerly employed by J.P. Morgan Securities 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 comply with FINRA’s investigation into accusations that Hunter engaged in unapproved outside business activities […]

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FINRA Fines MML Broker For Secret Business Activities

March 07, 2019  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Eric Eugene Ott of Cincinnati Ohio a stockbroker formerly registered with MML Investors Services LLC has been fined $15,000.00 and suspended for thirteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Ott executed the unauthorized purchases of life insurance policies held in […]

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KMS Broker Caught By FINRA Engaging In Outside Business Activities

March 04, 2019  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

John Andrew Kasel of Scottsdale Arizona a stockbroker formerly employed by KMS Financial Services 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 he engaged in unapproved outside business activities while registered with the firm. Letter of Acceptance […]

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LPL Broker Caught Engaging In Outside Business Activities

March 04, 2019  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

John A. Crumb of Macedon New York a stockbroker formerly employed by LPL Financial LLC has been fined $12,500.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Crumb engaged in outside business activities that were not disclosed to LPL […]

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Ameriprise Broker Barred In Investigation

March 04, 2019  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Robert A. Perconte of Port St. Lucie Florida a stockbroker formerly employed by Ameriprise Financial Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that Perconte neglected to respond to FINRA’s request for information which possibly concerned Perconte’s possible outside business activities as referenced […]

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UBS Broker Fined By FINRA For Outside Investment Accounts

February 19, 2019  |   Posted by :   |   Elder Abuse, Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Guy Stanley Waltman of Princeton New Jersey a stockbroker currently employed by UBS Financial Services 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 Waltman failed to disclose his trading of a customer’s accounts at an outside firm. […]

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FINRA Fines MetLife Broker For Outside Business Activities

February 19, 2019  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Dung Thanh Nguyen of Houston Texas a stockbroker formerly registered with MetLife Securities Inc. has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Nguyen engaged in undisclosed outside business activities while employed by the firm. Letter of Acceptance Waiver and Consent No. 2016050536901 (Apr. […]

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FINRA Catches MML Broker Selling Away Woodbridge Notes

Floyd Earl Powell of Albertville Alabama a stockbroker formerly employed by MML Investors Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Powell engaged in private securities transactions while associated with the firm. Letter of Acceptance Waiver and Consent No. […]

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Windsor Street Caught Engaging In Outside Business Activities

Imtiaz A. Khan (also known as Raana Khan) of New York the former executive vice president and managing partner at Windsor Street Capital LP has been fined $20,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon an Order Accepting Offer of Settlement containing findings that (1) […]

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UBS Fires Broker For Outside Business Activities

February 05, 2019  |   Posted by :   |   Bond Fraud, Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Gregory Jackson Baxter of Fresno California a stockbroker formerly registered with UBS Financial Services Inc. has been discharged by the firm on November 29, 2017 based upon allegations that he engaged in outside business activities in 2017 after his requests for engaging in those activities had already been denied by the firm. Financial Industry Regulatory […]

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Raymond James Broker Charged With Hindering Investigation

Vincent Joseph Storms of Saint Petersburg Florida a broker formerly registered with Raymond James Associates Inc. has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that (1) Storms falsified information to FINRA in regard to his handling of outside business activities supervisory procedures and (2) Storms neglected to […]

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Investors Sue TCM Securities For Massive Bond Fraud

James Hal Heafner (also known as Jim Heafner) of Charlotte North Carolina a stockbroker formerly registered with Taylor Capital Management Inc and former investment adviser representative of Retirement Wealth Advisors is the subject of a customer initiated investment related arbitration claim in which the customer requested $268,015.79 in damages founded on allegations that (1) inappropriate […]

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Merrill Lynch Broker Fined For Outside Business Activities

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. […]

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FINRA Bars Morgan Stanley Broker In Investigation

Daniel Todd Levine of Greenwood Village Colorado a stockbroker formerly employed by Morgan Stanley has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Levine failed to cooperate with FINRA’s investigation into accusations that (1) Levine engaged in unauthorized trading of customer accounts […]

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NYLife Broker Fired For For Outside Business Activities

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 […]

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Regulator Fines NYLife Broker For Outside Business Activities

Grant P. Talbert of Lexington Kentucky a stockbroker formerly registered with NYLife Securities LLC has been fined $15,000.00 and suspended for sixteen months from being an investment adviser representative, investment adviser, agent or broker-dealer in the State of Kentucky based upon findings that (1) Talbert and an investment adviser entered into a solicitor relationship without […]

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Merrill Lynch Fires Broker For Outside Business Activity

January 06, 2019  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Laura Anne Parker of Austin Texas a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Inc. has been discharged from the firm on September 23, 2016 supported by accusations that she neglected to inform her firm about an outside business activity that she had engaged in while associated with the firm. Financial Industry Regulatory […]

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Oberweis Broker Barred For Selling Away

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 […]

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AXA Broker Suspended For Unauthorized Trading

Dennis Changseop Lee of Middle Villages New York a stockbroker formerly employed by AXA Advisors LLC has been fined $15,000.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he mismarked customers’ order tickets and failed to disclose his discretionary […]

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LPL Broker Fired For Outside Business Activities

Scott Edward Burns of Monroe Michigan a stockbroker formerly registered with LPL Financial LLC has been discharged on August 14, 2018 based upon the firm’s accusations that Burns committed a violation of LPL Financial LLC’s policy by way of engaging in unapproved outside business activities during the time that he was employed with the firm. […]

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Capital Investment Group Broker Caught Selling Away

Seth Andrew Nannini of Charlotte North Carolina a stockbroker currently registered with Capital Investment Group has been fined $7,500.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Nannini engaged in https://stockbrokerfraud.com/selling-away/unauthorized private securities transactions. Letter of Acceptance Waiver and […]

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Transamerica Broker Barred In FINRA Investigation

December 21, 2018  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Yuhong Zhou of Radnor Pennsylvania a former Transamerica Financial Advisors Inc. broker has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Zhou failed to provide FINRA with information in regard to his business activities. Case No. 2018056902801 (June 11, 2018). FINRA Public Disclosure reveals […]

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FINRA Bars Henley Broker For Obstructing Investigation

Mitchell Allen Kurtz of Roslyn Heights New York a stockbroker formerly employed by Henley Company LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he obstructed a FINRA investigation into accusations that Kurtz violated Securities and Exchange Commission (SEC) and FINRA […]

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FINRA Bars Goldman Sachs Broker For Failure To Respond

December 13, 2018  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Martin Thomas Jones of New York New York a stockbroker formerly employed by Goldman Sachs Co. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Jones failed to provide information to FINRA personnel that was requested of him. Case No. 2015048052901 (Apr. 10, 2017). […]

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UBS Discharges Broker For Moonlighting

November 23, 2018  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Christopher Anthony Paganelli of Walnut Creek California a stockbroker formerly registered with UBS Financial Services Inc. was discharged by the firm on July 6, 2017 founded on allegations that Paganelli violated the firm’s policy by having engaged in unapproved outside business activities between October 3, 2016 and February 23, 2017. Financial Industry Regulatory Authority (FINRA) […]

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Bufis Barred In Moonlighting Investigation

November 12, 2018  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Judith Ann Bufis of East Brunswick New Jersey a stockbroker formerly registered with Kovack Securities 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 accusations against Bufis of selling away. Letter of […]

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MML Investors Broker Fined For Outside Business Activities

Robert Jay Myers of Greenwood Village Colorado a stockbroker formerly employed by MML Investors Services LLC has been fined $20,000.00 and suspended for one year from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in undisclosed outside business activities. Letter of Acceptance Waiver […]

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FINRA Bars Union Capital Broker In Investigation

November 03, 2018  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Kenneth Paul Collins Jr of Tucson Arizona a stockbroker formerly registered with Union Capital Company has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that Collins failed to provide FINRA with a response to its request for Collins’ information. Case No. 2016052044201 (June 20, 2017). […]

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Merrill Lynch Finally Discharges Dick Sladek For Outside Activities

Richard Bruce Sladek of Coeur D’Alene Idaho a stockbroker formerly employed by Merrill Lynch Pierce Fenner Smith Inc. has been discharged by the firm on August 16, 2017 founded on accusations that Sladek violated Merrill Lynch’s policies by failing to inform the firm about his outside business activities and having participated in an unauthorized financial […]

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Morgan Stanley Terminates Broker For Outside Activities

Jorey T. Bernstein of Beverly Hills California a stockbroker formerly employed by Morgan Stanley has been has been terminated on December 9, 2015 founded on Morgan Stanley’s accusations that Bernstein engaged in outside business activities and unauthorized arrangements with a third party. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Bernstein is also the […]

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FINRA Suspends MML Broker For Failure To Comply

October 22, 2018  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Tyler V. Schultz of Meridian Idaho a stockbroker formerly registered with MML Investors Services LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that Schultz declined to provide FINRA information about his business activities or sales practices after it had been requested of him […]

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FINRA Fines Signator Broker For Outside Business Activities

Sidney Joseph Dufresne Jr. of New Orleans Louisiana a stockbroker formerly registered with Signator Investors 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 based upon consenting to findings that he engaged in outside business activities. Letter of Acceptance Waiver and […]

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Moors Cabot Broker Sanctioned For Unauthorized Activities

October 22, 2018  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Callum Joseph Fraser Maclean of Boston Massachusetts a stockbroker employed by Moors Cabot Inc. has been ordered by the Massachusetts Securities Division to be placed on heightened supervision as a condition of registering as a broker-dealer agent of the firm according to a Consent Order containing findings that Maclean engaged in unauthorized outside business activities […]

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UBS Discharges Broker For Outside Business Activities

Bryon Leonel Reyes of Lafayette Louisiana a stockbroker formerly employed by UBS Financial Services Inc. has been discharged by the firm on April 26, 2018 supported by allegations that (1) Reyes failed to inform UBS about his outside business activities and investments after Reyes had already been reprimanded by the firm for his non-disclosures and […]

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Investors Sue Foresters Equity Services For Bad Advice

Michael John Rappa of San Diego California a stockbroker formerly registered with Foresters Equity Services Inc. is referenced in a customer initiated investment related arbitration claim where the customer requested $75,000.00 in damages supported by accusations that Rappa poorly advised the customer concerning real estate security transactions executed away from the firm. Financial Industry Regulatory […]

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Liberty Tree Advisors Broker Fined For Outside Activities

October 04, 2018  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Kenneth Edward Greer Jr. of Acton Massachusetts a stockbroker formerly employed by Liberty Tree Advisors 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 Greer partook in undisclosed outside business activities. Letter of Acceptance Waiver and Consent No. […]

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NYLife Broker Charged With Outside Business Activities

October 04, 2018  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Partho Sarathi Ghosh of New York New York a stockbroker formerly registered with NYLife Securities LLC has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that Ghosh participated in an undisclosed outside business activity involving his marketing of finance solutions to prospective customers. Department of Enforcement v. Partho […]

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Morgan Stanley Terminates Broker For Outside Activities

September 28, 2018  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Raymond Keith Malicki of Easton Pennsylvania a stockbroker formerly employed by Morgan Stanley Wealth Management has been terminated from the firm on July 12, 2018 based upon allegations that Malicki executed transactions in a customer’s account held away from the firm. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Malicki is referenced in three […]

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Bankrupt Broker Fired LPL Financial For Moonlighting

Philip John Nalesnik of Pottsville Pennsylvania a stockbroker formerly registered with LPL Financial LLC has been discharged by the firm on July 8, 2018 supported by allegations that Nalesnik engaged in outside business activities in violation of LPL Financial’s policy, and failed to be forthcoming to the firm when questioned about his activities. Financial Industry […]

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FINRA Suspends LPL Broker For Outside Business Activities

Robert Matthew Krieger of New York New York a stockbroker formerly employed by LPL Financial LLC 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 engaged in outside business activities without disclosing them to LPL Financial. Letter of […]

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ProEquities Fires Broker For Selling Away

September 28, 2018  |   Posted by :   |   Outside Business Activities, Selling Away, Stockbroker Fraud News   |   0 Comments

Rick Dean Holt (also known as Rickie Dean Rasmussen) a formerly ProEquities Inc. registered representative has been discharged by ProEquities on July 27, 2018 based upon accusations that Holt failed to inform the firm about his outside business activities concerning another broker dealer or investment advisory. Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally reveals […]

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Raymond James Broker Fired For Outside Business Activity

August 25, 2018  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Christopher Todd Gross of San Diego California a stockbroker formerly registered with Raymond James Associates Inc. has been discharged by the firm on December 14, 2015 founded on accusations that Gross (1) engaged in an outside business activity that was not properly disclosed to the firm and (2) engaged in unauthorized correspondence concerning his outside […]

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Wells Fargo Broker Suspended For Outside Business Activity

August 25, 2018  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Darnell Kenneth Mote of Jacksonville Florida a stockbroker formerly registered with Wells Fargo Advisors 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 engaged in an undisclosed outside business activity while employed by Wells Fargo. Letter of […]

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Morgan Stanley Terminates Broker For Unauthorized Activity

August 25, 2018  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Hayes Griffin Miller of Garden City New York a stockbroker formerly registered with Morgan Stanley has been terminated by the firm on September 26, 2017 based upon accusations that Miller accepted a fee payment pertaining to an investment banking transaction that had been executed without the firm’s permission. On October 10, 2017, Miller became employed […]

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Merrill Lynch Broker Fired For Outside Business Activity

August 17, 2018  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Caroline Novak of Menlo Park California a stockbroker formerly employed by Merrill Lynch Pierce Fenner Smith Incorporated has been terminated on December 15, 2017 supported by accusations that Novak neglected to inform Merrill Lynch about her engagement in an outside business activity. Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally confirms that on August 31, […]

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FINRA Suspends Sugick For Side Job

August 13, 2018  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Jon Lewis Sugick of Detroit Michigan a stockbroker formerly registered with NYLife Securities LLC has been fined $5,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in undisclosed outside business activities while associated with NYLife. Letter of […]

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SW Financial Fires Broker For Outside Business Activities

August 01, 2018  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Abdul Matin Rahmani of Mineola, New York, a stockbroker formerly registered with SW Financial, has been discharged by the firm on December 15, 2017 founded on allegations that he engaged in outside business activities in violation of both the firm’s policy and FINRA Rule 3270. SW Financial alleged that without the firm’s permission, Rahmani enlisted […]

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Independent Financial Broker Sanctioned For Undisclosed Activities

July 16, 2018  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Steven William Kraut of Saint Anthony Minnesota a stockbroker formerly registered with Independent Financial Group LLC has been fined $5,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in undisclosed outside business activities. Letter of Acceptance Waiver […]

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Cetera Broker Fired For Outside Business Activities

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 […]

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Morgan Stanley Stockbroker Barred For Avoiding FINRA

July 16, 2018  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Deanne M. Lampe of Morristown New Jersey a stockbroker formerly registered with Morgan Stanley has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that she failed to reply to FINRA personnel concerning information about her business activities. Case No. 2017053777501 (Jan. 19, 2018). FINRA Public […]

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Voya Discharges Stockbroker For Outside Business Activities

Peter Tinchu Po of Cupertino California a stockbroker formerly employed by Voya Financial Advisors Inc. has been discharged by the firm on August 4, 2015 founded on allegations that Po violated the firm’s policies by (1) engaging in undisclosed outside business activities and (2) discussing investments with the investor public without the firm’s permission. Financial […]

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Merrill Lynch Stockbroker Barred In Investigation

July 16, 2018  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Zachary Thomas Rawson of Indianapolis Indiana 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 supported by accusations that he declined to cooperate with FINRA’s request for details about his business activities. Case No. 2017055785201 (May 3, […]

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Morgan Stanley Terminates Broker For Unapproved Activities

July 12, 2018  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Kenneth Joseph Kavanagh of New York New York a stockbroker formerly employed by Morgan Stanley has been terminated by the firm on April 16, 2018 founded on allegations that Kavanagh engaged in unapproved outside business activities involving customers of the firm. Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally reveals that on May 25, 2016, […]

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LPL Fires Broker For Outside Business Activities

July 12, 2018  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Clifton Hideki Roberts of Houston Texas a stockbroker formerly registered with LPL Financial LLC has been discharged by the firm on April 25, 2018 based upon accusations that Roberts failed to abide by the firm’s policy concerning outside business activities. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Roberts is referenced in two customer […]

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UBS Stockbroker Suspended By FINRA In Investigation

June 30, 2018  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

John Matthew Kurzhal of Minneapolis Minnesota a stockbroker formerly employed by UBS Financial Services Inc. has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that he neglected to provide FINRA with a response to its request for information concerning Kurzhal’s business activities. Case No. 2018056841201 […]

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Citigroup Broker Barred In Investigation

James Patrick Acosta of New York 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 based upon consenting to findings that he failed to cooperate with FINRA in an investigation into accusations of Acosta’s outside business activities. […]

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M Holdings Broker Fined For Outside Business Activities

June 21, 2018  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Morey Herbert Goldberg of Wynnewood Pennsylvania a stockbroker formerly employed by M Holdings Securities 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 engaged in undisclosed outside business activities while registered with the firm. Letter of Acceptance […]

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Morgan Stanley Broker Suspended For Outside Business Activities

June 21, 2018  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Kenneth K. Jobson of Saint Petersburg Florida a stockbroker formerly employed by Morgan Stanley 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 he engaged in undisclosed outside business activities. Letter of Acceptance Waiver and Consent […]

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PFS Stockbroker Barred By FINRA Investigation

June 12, 2018  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Sara Rene Wilhite of Vista California a stockbroker formerly employed by PFS Investments Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that she failed to provide information to FINRA concerning her business activities. Case No. 2017055517301 (Feb. 20, 2018). Wilhite was suspended by […]

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Waddell Reed Broker Fined For Outside Business Activities

June 12, 2018  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Carlos Velazquez of Elgin Illinois a stockbroker formerly employed by Waddell Reed has been fined $10,000.00 and suspended for eight months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in undisclosed outside business activities and falsified documentation to FINRA personnel. Letter of […]

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Wells Fargo Broker Investigated For Unauthorized Activities

May 31, 2018  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Darnell Kenneth Mote of Jacksonville Florida a stockbroker formerly employed by Wells Fargo Advisors LLC is the subject of a Financial Industry Regulatory Authority (FINRA) Investigation in which FINRA has recommended that an enforcement action be pursued against Mote based upon allegations that he violated FINRA Rules 2010 and 3270 by engaging in unapproved outside […]

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FINRA Bars Janney Stockbroker For Failure To Comply

May 31, 2018  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

James Albert Pettit of Glastonbury Connecticut a stockbroker formerly employed by Janney Montgomery Scott LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that he declined to provide FINRA with information about his business activities. Case No. 2017054428401 (Mar. 5, 2018). FINRA Public Disclosure […]

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FINRA Bars Montage Stockbroker For Unauthorized Trading

Harold Francis Couglar of San Diego California a stockbroker formerly registered with Montage Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he (1) failed to report his discretionary trading of customer accounts held away from Montage Securities and (2) […]

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Boulevard Family Wealth Terminates Registered Representative

May 31, 2018  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Michael Milad Tanha of Beverly Hills California a registered representative formerly employed by Boulevard Family Wealth has been terminated on March 7, 2018 based upon allegations that Tanha engaged in outside business activities while associated with the firm. Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally reveals that on May 17, 2017, Tanha was terminated […]

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UBS Discharges Broker For Outside Business Activities

May 17, 2018  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

James Arthur Kujawski of Annapolis Maryland a stockbroker employed by UBS Financial Services Inc. has been discharged by the firm on February 20, 2018 based upon accusations that Kujawski violated the company’s policy by failing to disclose his outside investments and outside business activities. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Kujawski has […]

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Morgan Stanley Terminates Broker For Failure To Disclose

May 17, 2018  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Robert William Urban of Riverhead New York a stockbroker registered with Morgan Stanley has been terminated by the firm on February 28, 2018 supported by accusations that he failed to accurately and timely disclose his participation in a customer’s real estate transaction. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Urban has been identified […]

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FINRA Suspends PFS Broker For Outside Business Activities

May 17, 2018  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Richard Kyle Taylor of Duluth Georgia a stockbroker formerly registered with PFS Investments 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 he engaged in unapproved outside business activities. Letter of Acceptance Waiver and Consent No. 2016049902901 (Apr. […]

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Signator Stockbroker In FINRA Investigation

May 17, 2018  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Joseph Glenn Pratte of Riverside California a stockbroker formerly registered with Signator Investors Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by consenting to findings that he failed to provide FINRA with information and documentation in the course of an investigation into accusations of his […]

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USA Financial Broker Fined For Outside Business Activities

May 17, 2018  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

James Otis Conaway of Tustin California a stockbroker formerly employed by USA Financial Securities Corporation has been fined $10,000.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in unapproved outside business activities and failed to be forthcoming […]

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FINRA Suspends Wells Fargo Broker In Investigation

May 01, 2018  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Joseph Gordon Cloutier Jr of Frisco Texas a stockbroker formerly registered with Wells Fargo Advisors LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he neglected to provide information to FINRA personnel about his business activities. Case No. 2016051652701 (Mar. 6, 2017). FINRA […]

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UBS Broker Terminated For Outside Business Activities

Norman Weaver Jr of Seattle Washington a stockbroker formerly registered with UBS Financial Services Inc. has been terminated from employment on September 6, 2016 founded on accusations that he helped facilitate meetings between customers of the firm and a person who was not affiliated with UBS Financial Services Inc. nor associated with any other brokerage […]

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FINRA Bars Worth Financial In Investigation

May 01, 2018  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Christian A. Paul of Dallas Texas a stockbroker formerly registered with Worth Financial Group Inc. has been has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that he failed to cooperate with FINRA’s request for information about his business activities. Case No. 2016051795501 (July 10, […]

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Ameriprise Fires Broker For Outside Business Activities

April 27, 2018  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Steven Tarasius Yellen of El Paso Texas a stockbroker formerly registered with Ameriprise Financial has been terminated on January 12, 2018 based upon allegations that he engaged in options trading and outside business activities in violation of Ameriprise Financial’s policy. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that on November 13, 2015, a customer […]

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Morgan Stanley Broker Fined For Outside Business Activities

Arthur Robert Meunier (also known as Arthur Robert Breitman) a stockbroker formerly registered with Morgan Stanley has been fined $20,000.00 and suspended for two years from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in undisclosed outside business activities while registered with the […]

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FINRA Bars Martin Nelson Broker For Hindering Investigation

Kevin James Lee of Lake Oswego Oregon is a stockbroker formerly registered with Martin Nelson and Co. Inc. 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 with FINRA’s investigation into allegations of his undisclosed outside business […]

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Lampert Broker Fined For Outside Business Activities

April 08, 2018  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

William Patrick Slattery of New York New York is a stockbroker formerly registered with Lampert Capital Markets Inc. who has been fined $12,500.00 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 took part in outside business activities that […]

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Westpark Broker Barred For Obstructing Investigation

Lawrence John Fawcett Jr. of Los Angeles California is a stockbroker formerly registered with Westpark Capital Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he obstructed a FINRA investigation into allegations of Fawcett’s unapproved outside business activities. Letter of Acceptance […]

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Hornor Townsend Broker Barred For Failure To Comply

April 05, 2018  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Michael Vetere of Tarrytown, New York is a stockbroker formerly registered with Hornor Townsend and Kent Inc. who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he failed to provide FINRA with information that had been requested of him concerning his business activities. […]

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FINRA Bars Pruco Securities Stockbroker

Patrick Hugh Dowd of Jacksonville Florida is a stockbroker formerly registered with Pruco Securities LLC who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that he failed to provide FINRA with information about Dowd’s business activities. FINRA Case No. 2016050861701 (Mar. 27, 2017). FINRA […]

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National Planning Corp Broker Fined For Selling Away

Timothy John Beall of Eau Claire Michigan is a stockbroker formerly registered with National Planning Corporation who has been fined $10,000.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in private securities transactions and unapproved outside business […]

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Raymond James Broker Fined By FINRA For Selling Away

March 16, 2018  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Michael M. Hurtgen of Greenwood Village Colorado is a stockbroker formerly registered with Raymond James Financial Services Inc. who 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 consenting to findings that he sold away from the firm. Letter of […]

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Geneos Stockbroker Suspended For Ignoring Regulator

March 07, 2018  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Randolph Lee Eddlemon of Scottsdale Arizona is a stockbroker formerly employed with Geneos Wealth Management Inc. who has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he failed to provide a response to FINRA’s request for information regarding Eddlemon’s business activities. Case No. 2017055260401 […]

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FINRA Bars MetLife Stockbroker For Obstruction

March 07, 2018  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Jasper Eugene Boykin Jr of Atlanta Georgia is a stockbroker formerly employed with MetLife Securities Inc. who has been has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a FINRA Office of Hearing Officers Default Decision containing findings that Boykin obstructed a FINRA investigation into accusations […]

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Securities Service Broker Fined For Business Activities

March 07, 2018  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Eric John Zebrauskas of Carmel Indiana is a stockbroker formerly registered with Securities Service Network 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 engaged in undisclosed outside business activities. Letter of Acceptance Waiver […]

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FINRA Bars Ameriprise Stockbroker For Failure To Comply

March 07, 2018  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

John Scott Elliott of Overland Park Kansas is a stockbroker formerly registered with Ameriprise Financial Services Inc. who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to accusations that Elliott failed to provide information to FINRA regarding his business activities. Letter No. 2016051253201 (Mar. 6 2017). […]

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City National Broker Suspended For Failure To Supervise

February 20, 2018  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Marla Chidsey Roeser of Potomac Maryland is a stockbroker formerly registered with City National Securities Inc. who has been fined ten thousand dollars and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity based upon consenting to findings that she failed to supervise the private securities transactions and outside […]

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FINRA Bars Morgan Stanley Broker For Failure To Testify

February 20, 2018  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Kevin Scott Woolf of Winter Haven Florida is a stockbroker formerly registered with Morgan Stanley that 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 testify or provide documentation to FINRA in regard to allegations of his private securities […]

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JP Morgan Broker Barred For Obstructing Investigation

February 20, 2018  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Farid Morim of Beverly Hills California is a stockbroker formerly registered with J.P. Morgan Securities LLC that has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Office of Hearing Officers Default Decision containing findings that he failed to provide documentation and information to FINRA in […]

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US Bank Broker Charged With Outside Business Activities

February 19, 2018  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

James Randall Clay of Clarksville Tennessee is a stockbroker formerly registered with U.S. Bancorp Investments Inc.James Randall Clay who has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that he engaged in unapproved outside business activities and falsified statements to his firm and FINRA personnel in regard to his business activities. […]

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Harbor Lights Stockbroker Fined For Business Activities

January 26, 2018  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Jennifer Lynn Steele, of Tampa, Florida, a stockbroker formerly registered with Harbor Light Securities, 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 she engaged in unapproved outside business activities. Letter of Acceptance, Waiver and Consent, No. 2014040343702 […]

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FINRA Suspends Wells Fargo Broker For Failure To Comply

January 26, 2018  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

John Greg Schmidt, of Dayton, Ohio, a stockbroker formerly registered with Wells Fargo Advisors Financial Network, LLC, has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on Schmidt’s failure to provide FINRA with information relating to his business activities. Case No. 2017056103801 (Nov. 29, 2017). FINRA Public […]

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FINRA Fines AXA Broker For Outside Business Activities

January 10, 2018  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Douglas E. Keller, of Woodbridge, New Jersey, a stockbroker formerly registered with AXA Advisors 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 consenting to findings that he engaged in undisclosed outside business activities. Letter of Acceptance, Waiver and […]

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State Farm Broker Barred For Obstructing Investigation

January 09, 2018  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Kim Dung Le of Bloomington, Illinois, a registered representative associated with State Farm VP Management Corp., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by way of Le’s consent to findings that he failed to cooperate in an investigation into allegations of his outside business activities. Letter […]

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FINRA Bars Pruco Broker For Failure To Cooperate

January 09, 2018  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Hong Kun Pan of Flushing, New York, a stockbroker associated with Pruco Securities, L.L.C., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he failed to reply to FINRA’s request for information about his business activities. Case No. 2016050091704 (Dec. 11, 2017). FINRA Public […]

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Kovack Broker Suspended For Outside Business Activities

December 23, 2017  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Steven A. Bumbera, of Saint Louis, Missouri, a stockbroker formerly registered with Kovack Securities Inc., has been fined $4,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he engaged in an unapproved outside business activity and failed to be forthcoming to the firm […]

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VALIC Financial Stockbroker Barred For Obstruction

Craig Edward Lewis, of Atlanta, Georgia, a stockbroker formerly registered with VALIC Financial Advisors, Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he obstructed a FINRA investigation into allegations that he engaged in unapproved outside business activities and sold away from […]

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North Nassau Advisors Stockbroker Barred By FINRA

November 28, 2017  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Brian F. Gimelson of Princeton, New Jersey, a stockbroker registered with North Nassau Advisors, LLC, 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 his outside business activities. Letter of Acceptance, Waiver and […]

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FINRA Bars Richfield Orion Broker For Obstruction

November 28, 2017  |   Posted by :   |   Outside Business Activities   |   0 Comments

Robert Kenneth Lindell, of Santa Rosa, California, a stockbroker formerly registered with Richfield Orion International, Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Lindell failed to provide FINRA with a response to its request for information about Lindell’s business activities. Case No. […]

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Principal Stockbroker Barred For Failure To Comply

November 28, 2017  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Bettye Clements Hays, of Mobile, Alabama, a stockbroker formerly registered with Principal Securities, Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that she failed to provide FINRA with information about her business activities. FINRA Case No. 2017053749201 (June 6, 2017). FINRA Public Disclosure […]

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FINRA Bars UBS Stockbroker In Investigation

November 01, 2017  |   Posted by :   |   Outside Business Activities   |   0 Comments

Carlos Antonio Rodriguez of Plano, Texas, a stockbroker formerly registered with UBS Financial Services, Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity on October 10, 2017, based upon allegations that he failed to provide FINRA personnel with information about his business activities. Case No. 2015046502101 (July 5, […]

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First Allied Securities Broker Barred By Regulator

October 05, 2017  |   Posted by :   |   Outside Business Activities   |   0 Comments

John Kaleihiehie Kai, of Hilo, Hawaii, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he did not provide FINRA staff with information about Kai’s business activities. Case No. 2017053680001 (September 12, 2017). Kai was previously suspended on July 3, 2017, but did not […]

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Questar Capital Broker Fined For Outside Business Activities

October 05, 2017  |   Posted by :   |   Outside Business Activities   |   0 Comments

Lawrence Alan Stack, of Morgan Hill, California, a stockbroker formerly registered with Questar Capital Corporation, has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on consenting to findings that he participated in unapproved outside business activities. Letter of Acceptance, Waiver and Consent, No. 2015047293501 […]

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LPL Stockbroker Fired For Selling Away

September 22, 2017  |   Posted by :   |   Outside Business Activities   |   0 Comments

Thomas Howard Oliphint, of San Antonio, Texas, a stockbroker registered LPL Financial LLC, has been fired on November 28, 2016, based on allegations that engaged in outside business activities that were not approved by the company. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Oliphint has been identified in two customer initiated investment related […]

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Metlife Stockbroker Suspended For Misrepresentation

September 15, 2017  |   Posted by :   |   Customer Loans, Outside Business Activities   |   0 Comments

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 […]

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Windsor Street Terminates Broker For Business Activities

September 14, 2017  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Shoug Mayson, of New York, New York, a stockbroker formerly registered with Windsor Street Capital, LP, was terminated on June 22, 2017, based upon allegations that he engaged in business activities with another broker-dealer during the time that he was registered with Windsor Street Capital, and furnished inaccurate customer account information to his firm. This […]

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PFS Investments Stockbroker Barred For Misrepresentation

August 31, 2017  |   Posted by :   |   Annuity Schemes, Outside Business Activities   |   0 Comments

Rennie M. Roach, of Avondale, Arizona, a stockbroker formerly registered with PFS Investments Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he declined to provide FINRA staff with information that was requested of him in reference to his business activities. Case No. […]

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Merrill Lynch Stockbroker Goetz Suspended

August 31, 2017  |   Posted by :   |   Outside Business Activities   |   0 Comments

Stephen Brown and James Peter Goetz Jr., of Pittsford, New York, stockbrokers formerly associated with Merrill Lynch, Pierce, Fenner & Smith, were suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a FINRA Office of Hearing Officers Extended Hearing Panel Decision containing findings that: Brown engaged in undisclosed […]

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AXA Advisors Stockbroker Barred In Investigation

August 31, 2017  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

John P. Correnti, of Cleveland, Ohio, a stockbroker formerly registered with AXA 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 in a FINRA investigation into allegations that inter alia, Correnti engaged in outside business activities […]

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Regulator Suspends Standard Credit Securities Broker

August 26, 2017  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Matthew Christopher Tucci, of New York, New York, a stockbroker formerly registered with Standard Credit Securities, Inc., 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, inter alia, engaged in outside business activities and inaccurately […]

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Cantella Stockbroker Suspended By Regulator

August 17, 2017  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Dennis Allen Webb, of New Palestine, Indiana, a stockbroker registered with Cantella & 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 engaged in outside business activities. Letter of Acceptance, Waiver and Consent, No. 2016048816701 (Oct. […]

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Center Street Stockbroker Fined For Outside Activities

August 15, 2017  |   Posted by :   |   Outside Business Activities   |   0 Comments

Satya B. Shaw, of Wesley Chapel, Florida, a stockbroker formerly registered with Center Street Securities, Inc., has been fined $10,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Shaw, inter alia, engaged in outside business activities. Letter of Acceptance, […]

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Raymond James Fires Broker For Outside Business Activities

August 02, 2017  |   Posted by :   |   Outside Business Activities   |   0 Comments

Jeffrey S. Rush, of Grand Rapids, Michigan, a stockbroker with Raymond James & Associates, was terminated from employment on November 2, 2015, based upon allegations that he engaged in outside business activities that were not disclosed to the firm as required. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Rush is the subject of […]

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Raymond James Fires Real McCoy

July 29, 2017  |   Posted by :   |   Outside Business Activities   |   0 Comments

Donald Newton McCoy, of Saint Louis, Missouri, a stockbroker registered with Raymond James & Associates, Inc., has been fired from the company on August 12, 2016, based upon allegations that he engaged in outside business activities. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that McCoy was also terminated from a prior employer, Merrill Lynch, […]

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Securities America Stockbroker Barred By Regulators

July 29, 2017  |   Posted by :   |   Outside Business Activities   |   0 Comments

Timothy David Ballard, of Livermore, California, a stockbroker formerly registered with Securities America, Inc., has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he neglected to communicate with FINRA about his business activities. Letter No. 2016052555401 (May 12, 2017). FINRA Public Disclosure reveals that […]

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Regulators Suspend Source Capital Group Stockbroker

July 05, 2017  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

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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Salomon Whitney Financial Stockbroker Suspended

July 03, 2017  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Shawn Evan Burns, of Farmingdale, New York, a stockbroker formerly registered with Salomon Whitney Financial, has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to provide FINRA staff with information about his business activities. Case No. 2017053391601 (June 16, 2017). […]

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Huntington Investment Company Stockbroker Barred

Jason John Lenzi, of Beaver, Pennsylvania, a stockbroker formerly registered with The Huntington Investment Company, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he did not cooperate with FINRA’s request for Lenzi’s information in reference to Lenzi’s business activities. Case No. 2015044007201 (Feb. […]

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Wells Fargo Stockbroker Suspended By Regulator

Marc Harold Pearl, of Auburn, California, a stockbroker formerly registered with Wells Fargo Advisors, LLC, has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on allegations that he failed provide FINRA staff with a response to their request for information relating to Pearl’s business activities. Letter No. […]

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UBS Financial Services Stockbroker Fired For Selling Away

Kenneth Stewart Tyrrell, of Vienna, Virginia, a stockbroker registered with UBS Financial Services Inc., was terminated from employment on August 8, 2016, based upon allegations that he engaged in private securities transactions and outside business activities without having disclosed them to UBS Financial Services Inc. or retrieving approval from the firm; conduct violative of UBS […]

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Ameritas Stockbroker Suspended For Outside Business Activity

Andrew John Logullo, of Los Angeles, California, a stockbroker formerly registered with Ameritas Investment Corp, has been fined $10,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Logullo engaged in undisclosed outside business activities and omitted information from his […]

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Silver Leaf Partners Stockbroker Suspended For Outside Business Activities

May 05, 2017  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Jay Martin Chapler, of New York, New York, a stockbroker formerly registered with Silver Leaf Partners, LLC, has been fined $22,500.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Chapler, inter alia, took part in outside business activities that […]

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Silver Leaf Partners Stockbroker Suspended For Outside Business Activities

May 05, 2017  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Jay Martin Chapler, of New York, New York, a stockbroker formerly registered with Silver Leaf Partners, LLC, has been fined $22,500.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Chapler, inter alia, took part in outside business activities that […]

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Regal Securities Stockbroker Suspended By Regulator

March 30, 2017  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Denise Ann Cerveny, of Secaucus, New Jersey, a stockbroker formerly registered with Regal Securities, 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 she altered the new account documentation of twenty of the firm’s customers by cutting and […]

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Wells Fargo Advisors Stockbroker Suspended For Outside Business Activities

January 12, 2017  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Mark H. Botsford, of Alexandria, Virginia, a stockbroker formerly registered with Wells Fargo Advisors, LLC, has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity based upon consenting to findings that he engaged in outside business activities which were not approved by Wells Fargo. Letter of Acceptance, Waiver […]

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Neidiger Tucker Bruner Stockbroker Terminated For Outside Business Activities

September 16, 2016  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Public disclosure records via FINRA’s BrokerCheck reveal that on July 26, 2016, Jeffrey E. Sigman, of Englewood, Colorado, was terminated by Neidiger, Tucker, Bruner, Inc. Apparently, the firm permitted Sigman to resign amid allegations of violating the firm’s policies regarding outside business activities. The firm indicated that it conducted an internal review into Sigman after […]

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AXA Advisors Stockbroker Suspended For Outside Business Activities

August 25, 2016  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Henry Liaw, of Clayton, Missouri, a stockbroker with AXA Advisors, LLC, was fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he engaged in unauthorized outside business activities. Letter of Acceptance, Waiver and Consent, No. 2014042365201 (Aug 8, 2016). According to […]

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Independent Financial Group Broker Barred In Investigation

Brian James Egan, of Laguna Niguel, California, a stockbroker with Independent Financial Group, LLC, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member after consenting to findings that he failed to disclose outside trading accounts, made misrepresentations to his firm, and obstructed a FINRA investigation into allegations of his misconduct. Letter […]

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Scottrade Stockbroker Suspended For Outside Business Activities

August 17, 2016  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Dustin Cain Walsh, of Saint Louis, Missouri, a stockbroker with Scottrade, Inc., was fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he obstructed a FINRA investigation into allegations of Walsh’s unauthorized outside business activities. Letter of Acceptance, Waiver and Consent, […]

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Invex Stockbroker Fined For Private Securities Transactions

June 30, 2016  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Andres F. Talero, of Miami, Florida, a stockbroker with Invex, Inc., was fined $50,000.00 and suspended for two years from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he engaged in outside business activities and private securities transactions. According to the AWC, in June 29, […]

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Growth Capital Stockbroker Suspended For Selling Away

June 08, 2016  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Daniel S. Miller, of San Francisco, California, a stockbroker with Growth Capital, was fined $5,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he engaged in unauthorized private securities transactions. Letter of Acceptance, Waiver and Consent, No. 2015044394701 (May 26, […]

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First Financial Equity Corporation Stockbroker Barred In Investigation

June 08, 2016  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Robert J. Kerrigan, of Scottsdale, Arizona, a stockbroker with First Financial Equity Corporation, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he obstructed a FINRA investigation into his alleged misconduct. Letter of Acceptance, Waiver and Consent, No. 2015047151401 (May 11, 2016). […]

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Wells Fargo Advisors Stockbroker Barred In Investigation

Mark Peter Koestner, of Naples, Florida, a stockbroker with Wells Fargo Advisors, LLC, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he obstructed a FINRA investigation into allegations that he engaged in unauthorized private securities transactions. Letter of Acceptance, Waiver and […]

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Raymond James Stockbroker Barred In Investigation

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. […]

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Adirondack Trading Group Broker Barred In Note Investigation

Wayne Anthony Shultz, of Branchburg, New Jersey, was barred from associating with any Financial Industry Regulatory Authority (FINRA) member in all capacities after consenting to findings that he obstructed a FINRA investigation into notes that Schultz issued a client. Letter of Acceptance, Waiver and Consent, No. 2015044640601 (Feb. 5, 2016). According to the AWC, on […]

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Sabadell Securities Broker Suspended for Private Securities Transactions

Brian Lewis Pittman of Miami, Florida, a stockbroker with Sabadell Securities USA, Inc., was fined $10,000 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in all capacities after consenting to findings that he engaged in unauthorized private securities transactions. Letter of Acceptance, Waiver and Consent, No. 2016048480901 (Feb. […]

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Another Cetera Financial Stockbroker Suspended for Selling Away

Michael William Hajeck III of St. Petersburg, Florida, a stockbroker with Genworth and Cetera Financial Services, LLC, was fined $35,000 and suspended for eighteen months by Financial Industry Regulatory Authority (FINRA) from associating with a FINRA member in any and all capacities after consenting to findings that he engaged in undisclosed outside business activities and […]

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Cetera Financial Stockbroker Suspended for Selling Away

February 12, 2016  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Jason Daniel Sayles of St. Petersburg, Florida, a stockbroker with Genworth and Cetera Financial Services, LLC, was fined $15,000 and suspended for ten months by Financial Industry Regulatory Authority (FINRA) from associating with a FINRA member in any and all capacities after consenting to findings that he engaged in undisclosed outside business activities and private […]

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MetLife Stockbroker Suspended for Outside Business Activities

Michael Joseph Cortes of Hauppauge, New York, was fined $15,000 and suspended for six-months from associating with any Financial Industry Regulatory Authority (FINRA) member firm in all capacities after consenting to findings that he engaged in unauthorized outside business activities; willfully failed to disclose tax warrants and a lien; and borrowed from funds in violation […]

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Prime Capital Services Stockbroker Suspended for Outside Business Activities

Thomas Edmund Connors, of Toms River, New Jersey, a stockbroker with Prime Capital Services, Inc., was fined $40,000 and suspended for fourteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity in connection with a FINRA Office of Hearing Officers Hearing Panel Decision containing findings that Connors engaged in undisclosed […]

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Arque Capital Stockbroker Suspended for Outside Business Activities

Michael A. Nahass of Irvine, California, a stockbroker with Arque Capital, was fined $15,000.00 and suspended from association with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he engaged in undisclosed outside business activities, opened an undisclosed outside securities account, and submitted false compliance questionnaires. Letter of […]

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International Financial Solutions Stockbroker Barred

John Vincent Ballard of Memphis, Tennessee, a stockbroker with International Finance Solutions, Inc., was barred by Financial Industry Regulatory Authority (FINRA) per a National Adjudicatory Council Decision affirming findings that Ballard had engaged in undisclosed outside business activities, failed to provide documents in response to FINRA’s request for documents, and failed to appear for on-the-record […]

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Securities Equity Group Broker Charged in Private Securities Transactions

Randall Gladden of El Cajon, California, a stockbroker with Securities Equity Group, was just charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that Gladden had engaged in unauthorized private securities transactions; undisclosed outside business activities; and made material misrepresentations and omissions. Department of Enforcement v. J. Randall Gladden, No. […]

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Wells Fargo Advisors Stockbroker Barred

Valentino Infante of Miami, Florida, a Stockbroker with Wells Fargo Advisors LLC, was barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity per an Office of Hearing Officers Default Decision containing findings that Infante engaged in outside business activities without providing his employer with prior written notice; provided false […]

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Street One Financial Stockbroker Suspended for Outside Business Activities

January 04, 2016  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Scott J. Freeze of Huntington Valley, Pennsylvania, a stockbroker with Street One Financial (SOF), was fined $10,000 and suspended for three-months from association with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he had improperly engaged in outside business activities. Letter of Acceptance, Waiver and Consent, No. […]

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Edward Jones Stockbroker Suspended for Private Securities Transactions

Paul D. Garnett of Beatrice, Nebraska, a registered representative for Edward Jones, was fined $40,000 and suspended for one year from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he participated in unauthorized private security transactions and an outside business activity. Letter of Acceptance, Waiver and […]

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NASAA Releases Top Investor Threats for 2015

North American Securities Administrators Association (NASAA) released its annual list of top investor threats.  The top investor threats were compiled from a survey from the various state securities regulators to identify the five most problematic schemes.  Following the launch of the Investment Fraud Bingo Program, it is uncertain whether the Commonwealth of Pennsylvania Department of […]

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Wells Fargo Advisors Broker Suspended for Private Securities Transactions

Timothy Rodgers of Overland Park, Kansas, a registered stockbroker with Wells Fargo Advisors, LLC, was fined $10,000 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he had engaged in unauthorized private securities transactions and made false statements to his firm […]

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Waddell & Reed Broker Barred In Investigation

December 09, 2015  |   Posted by :   |   Failure To Supervise, Outside Business Activities   |   0 Comments

Joseph R. Holzhause of Henderson, Nevada, a registered representative with Waddell & Reed, was barred in all capacities from associating with any Financial Industry Regulatory Authority (FINRA) member in any and all capacities after consenting to findings that he had signed and distributed to a third party a false and materially misleading letter, failed to […]

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Commonwealth Financial Network Broker Suspended for Lying

December 09, 2015  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

James Michael Johnson of Richmond, Virginia, a registered representative with Commonwealth Financial Network, was suspended in all capacities from association with any Financial Industry Regulatory Authority (FINRA) member firm for two years, and fined $50,000 after consenting to findings that he made negligent misrepresentations and omissions to firm customers in connection with securities investments, while […]

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Princor Financial Services Broker Barred In Investigation

November 25, 2015  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Jack Stuart O’Brien, Jr. of San Jose, California, a registered representative with Princor Financial Services Corporation, was barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any and all capacities after consenting to findings that he failed to cooperate with FINRA’s investigation into allegations that O’Brien accepted unauthorized compensation from a firm […]

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Ameritas Registered Representative Suspended for Private Securities Transactions

November 25, 2015  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Sheik F. Abida Khan of Murrieta, California, a registered representative with Ameritas Investment Corp., was suspended from associating with any Financial Industry Regulatory Authority (FINRA) broker-dealer in any capacity for a period of four months plus ten additional days for participation in outside business activities without notice to his firm, sending misleading and false statements […]

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Merrill Lynch Stockbroker Barred for Outside Business Activities

November 15, 2015  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Xavier R. Endress of Bloomfield Hills, Michigan, a registered representative with Merrill Lynch, Pierce, Fenner & Smith, Inc., was permanently barred from association with any Financial Industry Regulatory Authority (FINRA) registered firm in all capacities after consenting to findings that he engaged in undisclosed outside business activities and provided false information to his employer in […]

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NYL Securities Broker Suspended for Outside Business Activities

November 15, 2015  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Chandler D. Le of Bala Cynwyd, Pennsylvania, a registered representative with NYL Securities, was fined $7,500 and suspended for two months from associating with any Financial industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he engaged in an outside business activity and commingled customer funds in a business account […]

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PlanMember Services Stockbroker Suspended For Private Securities Transactions

David A. Scholl of Grand Rapids, Michigan, a stockbroker with PlanMember Services Inc., was fined $5,000 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he participated in private securities transactions in violation of his firm’s policies. Letter of Acceptance, […]

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Avenir Financial Group Stockbroker Barred in Investigation

Fred Perelman, a Stockbroker with Avenir Financial Group, was charged by Financial Industry Regulatory Authority Department of Enforcement in a Complaint alleging that Perelman failed to cooperate in a FINRA investigation into Perelman’s outside business activities and business practices within Avenir. Department of Enforcement v. Perelman, No. 2015047104201 (Oct. 18, 2015). According to the Complaint, […]

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Merrill Lynch Stockbroker Barred for Obstructing Investigation into Business Activities

Brodie Johnson, a Stockbroker with Merrill Lynch, was permanently barred from association with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that Johnson had failed to provide information and documentation pursuant to a FINRA investigation into Johnson’s alleged outside business activities and trading in personal accounts. Letter of Acceptance, […]

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Allstate Financial Services Stockbroker for Obstructing Investigation

Paul Joseph Godlewski, a Stockbroker with Allstate Financial Services, 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 with a FINRA investigation into allegations that he engaged in unapproved outside business activities and failed to follow his firm’s […]

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LPL Financial Stockbroker Barred for Outside Business Activities

Jon L. Cox, a Stockbrokerwith LPL Financial, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member after consenting to findings that he failed to cooperate with a FINRA investigation into allegations that Cox had violated his firm’s policies concerning outside business activities. Department of Enforcement v. Jon L. Cox, No. 2014040234701 […]

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Allstate Stockbroker In Investigation into Outside Business Activity

October 05, 2015  |   Posted by :   |   Outside Business Activities, Stockbroker Fraud News   |   0 Comments

Michael Tepedino, a Stockbroker for Allstate, 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 FINRA in their investigations into allegations that Tepedino was involved in outside business activities. Letter of Acceptance, Waiver, and Consent, No. 2014042533801 (June […]

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Country Capital Management Corp Representative Barred for Conversion

Vicki Smith, a Stockbrokerwith Country Capital Management Corp, was permanently barred in all capacities with any Financial Industry Regulatory Authority (FINRA) firm after consenting to findings that she engaged in undisclosed outside business activities and converted funds from a customer. Letter of Acceptance, Waiver, and Consent, No. 2013037426001 (June 5, 2015). Smith is barred from […]

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Morgan Stanley Broker Barred for Loans from Customers

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. […]

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Oppenheimer & Co. Broker Suspended For Outside Business Activities

Royce O. Simpson, a registered representative with Oppenheimer & Co. Inc., was suspended from association with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity and faced a $15,000.00 fine after consenting to findings that he engaged in outside business activities without approval of his firm, while also failing to timely respond to […]

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