Selling Away

Archive | Selling Away

FINRA Sanctions Oberon Stockbroker For Selling Away

October 14, 2019  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Peter Gary Plaut of Orinda California a stockbroker formerly registered with Penserra Securities LLC and Oberon Securities LLC has been fined $7,500.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that (1) Plaut engaged in outside business activities during the period in […]

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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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Stifel Nicolaus Sued By Investors For Misrepresentation

Aaron Chaim Lupuloff of Atlanta Georgia a stockbroker formerly employed by Stifel Nicolaus Company Incorporated is referenced in a customer initiated investment related arbitration claim where the customer sought $3,200,000.00 in damages supported by accusations that (1) the customer had been placed into corporate bonds through a private placement executed by Lupuloff and (2) fraudulent […]

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Electronic Transaction Clearing CEO Charged With Selling Away

October 14, 2019  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Kevin Murphy of Los Angeles California the former President and Chief Executive Officer of Electronic Transaction Clearing Inc. (ETC) has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that Murphy engaged in a private securities transaction without the permission of ETC. Department of Enforcement v. Kevin J. Murphy […]

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FINRA Sanctions J.P. Morgan Stockbroker For Selling Away

October 14, 2019  |   Posted by :   |   Promissory Notes, Selling Away, Stockbroker Fraud News   |   0 Comments

Robert Patrick Pachciarz of Naperville Illinois a stockbroker formerly employed by J.P. Morgan Securities LLC has been fined $5,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Pachciarz took part in undisclosed private securities transactions involving the sale of a $500,000.00 […]

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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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Wells Fargo Stockbroker Barred For Private Securities

Joseph Hersey Pratt II (also known as Joseph Hersey Butcher) of Conshohocken Pennsylvania a stockbroker formerly registered with Wells Fargo has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based in part on findings that Pratt executed private securities transactions during the time that he was employed by […]

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FINRA Charges Wells Fargo Stockbroker With Selling Away

October 14, 2019  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

David Manor of Boston Massachusetts a stockbroker formerly registered with Wells Fargo Clearing Services LLC has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that (1) Manor engaged in undisclosed outside business activities (2) Manor effected options transactions that were not suitable for the customer and (3) Manor sold away from […]

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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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Whitehall Parker Stockbroker Sanctioned For Selling Away

October 14, 2019  |   Posted by :   |   Securities Fraud, Selling Away, Stockbroker Fraud News   |   0 Comments

James Marten Lamont of San Francisco California a stockbroker currently employed by Whitehall-Parker Securities Inc. has been fined $10,000.00 and suspended for eighteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Lamont sold promissory notes investments in Woodbridge Group of Companies LLC outside the auspices […]

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FINRA Bars Securities America Stockbroker In Investigation

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

Bobby Wayne Coburn of Fort Meade Florida a stockbroker formerly registered with Securities America Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that (1) Coburn failed to cooperate with a FINRA investigation into allegations of him selling away from Securities America and (2) […]

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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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Investors Sues Legacy Asset Securities For Stockbroker Ponzi Scheme

William Andrew Hightower of Houston Texas a stockbroker formerly registered with Legacy Asset Securities Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought unspecified damages supported by accusations that (1) the customer’s account had been liquidated by Hightower without the customer’s authorization and (2) funds were improperly used to […]

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Regulators Bar MetLife Stockbroker For Fraud

James Paul Kolf of Madison Wisconsin a stockbroker formerly registered with MetLife Securities Inc. has been barred from being a stockbroker or an investment adviser or associating with securities broker dealers or investment advisories according to an Order Instituting Administrative Proceedings, Making Findings and Imposing Remedial Sanctions issued by Securities Exchange Commission (SEC) based upon […]

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Merrill Lynch Stockbroker Sanctioned For Misrepresentation

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

Jedediah Elvin Dahl of Knoxville Tennessee a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon Dahl’s consent to findings that he made false or misleading statements in regard to investments offered to […]

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Woodbury Financial Stockbroker Barred By Regulator

Robert Hayes Hoffman of Indianapolis Indiana a stockbroker formerly registered with Woodbury Financial Services has been barred from being a stockbroker in the State of Indiana according to an Indiana Securities Division Order based upon findings of Hoffman being expelled from a self-regulatory organization for misconduct in the securities industry. Case No. 18-0001 SB (Jan. […]

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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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FINRA Bars Paulson Stockbroker In Investigation

September 13, 2019  |   Posted by :   |   Promissory Notes, Selling Away, Stockbroker Fraud News   |   0 Comments

Kevin Richard Graetz of Portland Oregon a stockbroker formerly registered with Paulson Investment Company has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that Graetz neglected to respond to FINRA’s information request potentially relating to his disclosures of customer initiated investment related disputes or his […]

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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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Cetera Advisors Stockbroker Sanctioned For Selling Away

Roger Lee Owens of Elkton Maryland a stockbroker employed by Cetera Advisors LLC has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings of Owens engaging in private securities transactions in which he sold Cetera customers promissory notes in Woodbridge Group of Companies […]

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National Planning Sued For Broker Selling Away Dope Stocks

Timothy John Beall of Eau Claire Michigan a stockbroker registered with National Planning Corporation is the subject of a customer initiated investment related arbitration claim where the customer requested $700,000.00 in damages founded on allegations that (1) Beall executed the customer’s purchase of GrowCo Inc. away from National Planning Corporation without the securities broker dealer’s […]

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FINRA Charges Arete Stockbrokers In Selling Away Scheme

Stephen Fitzgerald Shea and Gurpreet Singh Chandhoke (also known as Gurprit Singh Chandhoke) both of Orinda California and stockbrokers registered with Arete Wealth Management LLC have been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint containing allegations that (1) outside business activities were not disclosed by Shea and Chandhoke to their securities broker […]

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MetLife Sued By Investors For Misrepresentation

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

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National Planning Corporation Sued Over Bogus Promissory Notes

William August Glaser (also known as Bill August Glaser) of Saint Albans Missouri a stockbroker registered with National Planning Corporation is referenced in a customer initiated investment related arbitration claim which was resolved for $600,000.00 in damages founded on accusations that (1) false or misleading statements had been made to the customer concerning promissory note […]

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FINRA Bars First Financial Stockbroker In Investigation

August 16, 2019  |   Posted by :   |   Customer Loans, Selling Away, Stockbroker Fraud News   |   0 Comments

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

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Morgan Stanley Sued For Broker Selling Away Private Placements

Darrell Walter Rideaux of Los Angeles California a stockbroker employed by Morgan Stanley is the subject of a customer initiated investment related arbitration claim which was resolved for $130,000.00 in damages supported by allegations that an unauthorized investment solicited by Rideaux when he was employed by Morgan Stanley caused the customer to incur unwarranted losses. […]

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United Planners Sued By Investors For Misrepresentation

Jerry Lou Guttman of Phoenix Arizona a stockbroker employed by United Planners’ Financial Services of America is referenced in a customer initiated investment related arbitration claim where the customer sought $1,700,000.00 in damages founded on accusations that (1) false or misleading statements were made to the customer by Guttman in regards to LLC membership interests […]

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FINRA Bars Arive Stockbroker In Investigation

Lisa Acca of Bay Ridge New York a stockbroker registered with Arive Capital Markets has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Acca failed to submit documentation to FINRA and provide testimony in the course of a FINRA investigation into allegations of her […]

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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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TCM Stockbroker Barred By FINRA In Investigation

James Hal Heafner of Charlotte North Carolina a stockbroker formerly registered with Taylor Capital Management Inc. (now known as TCM Securities Inc.) has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Heafner neglected to cooperate with FINRA during the time in which he was […]

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Cape Stockbroker Barred For Failure To Pay Arbitration Award

Christopher John Calandrino (also known as Chris Calandrino) of Coram New York a stockbroker formerly registered with Cape Securities Inc. has been suspended on March 19, 2018 from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that Calandrino failed to comply with his obligations to pay a customer […]

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FINRA Sanctions LPL Stockbroker For Selling Away

July 23, 2019  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Eric Jason Savell of Roseville California a stockbroker formerly employed by LPL Financial LLC has been fined $10,000.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that (1) Savell engaged in outside business activities without disclosing them to LPL Financial and (2) […]

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CV Brokerage Stockbroker Barred In Investigation

Brenda Ann Smith (also known as Brenda Smith Peterman) of West Conshohocken Pennsylvania a stockbroker and principal formerly registered with CV Brokerage Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Smith neglected to cooperate with FINRA personnel during an investigation […]

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Fortune Financial Sued For Broker Selling Away Fake Investments

Jonathan Douglas Freeze (also known as Jon Freeze) of Canonsburg Pennsylvania a stockbroker formerly registered with Fortune Financial Services Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought $330,000.00 in damages based upon accusations that Freeze solicited and obtained the customer’s funds for purposes of a direct investment in […]

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Kestra Stockbroker Barred In Investigation

July 22, 2019  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Jeffrey Alan Blutstein of Holbrook New York a stockbroker formerly employed by Kestra Investment Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Blutstein neglected to cooperate with a FINRA investigation into accusations of Blutstein engaging in outside business activities that he […]

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FINRA Bars Transamerica Stockbroker In Investigation

July 22, 2019  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Michael Richard Mackay of Cincinnati Ohio a stockbroker formerly registered with Transamerica Financial Advisors Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Mackay failed to comply with a FINRA investigation concerning allegations of Mackay having referred customers of Transamerica Financial […]

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Investors Sue Royal Alliance For Role In Ponzi Scheme

Frank John Capuano of Holyoake Massachusetts a stockbroker formerly registered with Royal Alliance Associates Inc. is the subject of a customer initiated investment related arbitration claim which was settled for $100,000.00 in damages supported by accusations that the customer had been placed into unauthorized investments which were part of a Ponzi Scheme. Financial Industry Regulatory […]

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UBS Financial Sued By Investors For Master Limited Partnership Sales

Carlos Antonio Rodriguez of Plano Texas a stockbroker formerly registered with UBS Financial Services Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought more than $3,600,000.00 in damages founded on allegations that (1) the customer had been placed into oil and gas master limited partnerships and mutual funds […]

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Ausdal Fires Stockbroker For Selling Away

David Richard Geake of Northbrook Illinois a stockbroker formerly employed by Ausdal Financial Partners has been discharged by the firm on September 14, 2018 supported by allegations that Geake engaged in private securities transactions or selling away without disclosing them to the firm and obtaining the firm’s permission beforehand. Financial Industry Regulatory Authority (FINRA) Public […]

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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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IFG Stockbroker Admits To Selling Away

July 02, 2019  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Jeffrey Paul Schwebach of Dell Rapids South Dakota a stockbroker formerly registered with Independent Financial Group LLC has been suspended for eight months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings of Schwebach selling Woodbridge promissory notes away from Independent Financial Group LLC. Letter of […]

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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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Investors Sue Wells Fargo Over Bad Foreign Investments

John William Hoekman of New York New York a stockbroker formerly employed by Wells Fargo Advisors LLC is referenced in a customer initiated investment related arbitration claim which was settled for $390,000.00 in damages founded on accusations that (1) omissions had been made to the customer during a time that the customer was steered by […]

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FINRA Bars UBS Stockbroker In Selling Away Investigation

June 18, 2019  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Nicolas Jesus Barrios of Winter Haven Florida a stockbroker and Production Branch Manager formerly employed by UBS 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 Barrios failed to cooperate with FINRA during an investigation into accusations of (1) […]

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Merrill Lynch Pays Back Unapproved Loan to Customer

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

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FINRA Bars Ameritas Stockbroker In Selling Away Investigation

June 11, 2019  |   Posted by :   |   Promissory Notes, Selling Away, Stockbroker Fraud News   |   0 Comments

James F. Anderson of Dakota Dunes South Dakota a stockbroker formerly employed by Ameritas Investment Corp. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon Anderson’s consent to findings that he failed to cooperate with an investigation launched by FINRA in regard to allegations of Anderson […]

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FINRA Bars First Allied Stockbroker For Ignoring Inquiry

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

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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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Morgan Stanley Stockbroker Suspended For Failure To Pay Arbitration Award

Jeffrey Michael Johnson (also known as Jeff Michael Johnson) of Birmingham Michigan a stockbroker formerly registered with Morgan Stanley has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Johnson failed to comply with the terms of a FINRA Arbitration Award. Case No. […]

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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 Foresters Stockbroker For Selling Away

June 03, 2019  |   Posted by :   |   Promissory Notes, Selling Away, Stockbroker Fraud News   |   0 Comments

Michael Lester Carter of Henderson Nevada a stockbroker formerly employed by Foresters Equity 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 accusations that Carter sold away from the securities broker dealer by selling promissory notes to an investor. Letter of […]

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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 Targets Stifel Nicolaus Stockbroker For Selling Away

May 23, 2019  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Joseph Hersey Pratt (also known as Joseph Hershey Butcher and J.H. Pratt) of Conshohocken Pennsylvania a stockbroker currently registered with Stifel Nicolaus Company is referenced in a Financial Industry Regulatory Authority (FINRA) investigation in which FINRA conveyed that its Department of Enforcement should take disciplinary action against Pratt for allegedly (1) engaging in private securities […]

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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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Allstate Stockbroker Investigated For Theft By FINRA

Jesse Gil III of Corpus Christi Texas a stockbroker currently registered with Allstate Financial Services LLC is the subject of a Financial Industry Regulatory Authority (FINRA) Wells Notice which indicated that FINRA Department of Enforcement should take disciplinary action against Gil supported by accusations that (1) Gil engaged in outside business activities without disclosing them […]

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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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GF Investment Services Accused Of Selling Unregistered Securities

Christopher Grant Conness of Fort Lauderdale Florida a stockbroker formerly employed by G.F. Investment Services LLC is the subject of a customer initiated investment related written complaint on May 16, 2018 in which the customer requested $100,001.00 in damages founded on allegations that Conness and GF Investment Services LLC permitted or otherwise failed to prevent […]

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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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Park Avenue Sued By Investors In Global Credit Recovery Scheme

John C. Howley (also known as Jack C. Howley) of Rumson New Jersey a stockbroker formerly registered with Park Avenue Securities LLC is referenced in a customer initiated investment related civil action brought in the Superior Court of New Jersey in which the customer requested $1,000,000.00 in damages and an unspecified amount of punitive damages […]

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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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FINRA Fines American Portfolio Stockbroker For Selling Away

Gary Arthur Forrest of Flint Michigan a stockbroker formerly employed by American Portfolio Financial Services has been fined $5,000.00 and suspended for ten months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Forrest engaged in unapproved private securities transactions. Letter of Acceptance Waiver and […]

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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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Foresters Equity Stockbroker Caught Selling Away

John Dale Ernst of San Diego California a stockbroker formerly employed by Foresters Equity Services Inc. has been fined $5,000.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Ernst engaged in private securities transactions involving the sale of Woodbridge promissory notes. […]

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FINRA Catches LPL Financial Stockbroker Selling Away

Scott Patrick Klor of Fort Mill South Carolina a stockstockbroker formerly registered with LPL Financial LLC has been fined $5,000.00 and suspended for fourteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in securities transactions away from LPL Financial LLC and […]

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FINRA Bars Kestra Stockbroker For Selling Away

George Mackley Robertson of Darien Connecticut a stockbroker formerly registered with Kestra Investment Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Robertson sold away from Kestra Investment Services (2) Robertson engaged in outside business activities without disclosing them […]

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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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Investment Center Stockbroker Criminally Charged With Fraud

Leon William Vaccarelli of Waterbury Connecticut a stockbroker formerly registered with The Investment Center has been indicted for wire fraud and mail fraud based on allegations that he engaged in a scheme which victimized elderly customers. United States v. Leon Vaccarelli No. 18-cr-g2-SRU (D. Conn May 2, 2018). On May 29, 2019, the Securities and […]

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Foresters Equity Broker Barred In Investigation

Michael John Rappa of San Diego California a broker formerly employed by Foresters Equity Services Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Rappa failed to cooperate with FINRA personnel who had been investigating Rappa’s possible unauthorized private securities transactions. […]

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FINRA Suspends Hornor Townsend Broker Caught Selling Away

Thomas Edward Sova of Baton Rouge Louisiana a stockbroker formerly registered with Hornor Townsend Kent Inc. has been fined $5,000.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Sova sold away from the firm by selling Woodbridge Group of […]

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Northwestern Broker Caught Selling Away

February 19, 2019  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Kejuan Yang of New York New York a former Northwestern Mutual Investment Services registered representative 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 Yang sold away from T3 Trading Group. Letter of Acceptance Waiver and Consent No. 2016050545001 […]

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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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Corinthian Partners Broker Caught Selling Promissory Notes

Thomas Anthony Gallo of New York New York a stockbroker formerly registered with Corinthian Partners LLC has been fined $10,000.00 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 made misrepresentations concerning promissory notes that had been sold by […]

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United Planners Broker Caught In Promissory Note Scheme

Dexter Leroy Thomas of Dallas Texas a stockbroker formerly employed by United Planners’ Financial Services of America A Limited Partner has been discharged from employment on August 2, 2018 supported by allegations that (1) Thomas maintained a number of private investments and loans with customers of United Planners’ Financial Services of America wherein those investments […]

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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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MML Broker Caught Selling Away

February 05, 2019  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Matthew Leon White of Little Rock Arizona a broker formerly employed by MML Investors Services LLC has been fined $5,000.00 by Arkansas based upon consenting to the Arkansas Securities Department’s findings that White sold away from his firm. Case No. S-18-0105 (Oct. 17, 2018). According to the Order, prior to White having become registered with […]

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FINRA Suspends Wells Fargo Broker For Dodging Inquiry

February 05, 2019  |   Posted by :   |   Selling Away, Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Herbert H. Hafen of New York New York a stockbroker formerly employed by Wells Fargo Clearing Services LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Hafen failed to provide a response to FINRA after an inquiry was made into his activities possibly […]

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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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SEC Bars Wells Fargo Advisors Broker For Fraud

Aaron Robert Parthemer of Fort Lauderdale, Florida has been fined $160,000.00 and barred from being a broker or investment adviser or otherwise associating with any brokers or investment advisories according to an Order Making Findings and Imposing Sanctions Pursuant To Securities Exchange Act of 1934 Section 15(b), Investment Advisers Act of 1940 Section 203(f) and […]

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DesPain Broker Barred In Woodbridge Promissory Note Investigation

Jay R. Weiser of Collinsville Illinois a stockbroker formerly employed by DesPain Financial Corporation has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Weiser failed to cooperate with FINRA’s investigation into accusations of hm selling promissory notes and securities interests away from […]

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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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FINRA Bars Principal Broker Caught Selling Away

Steven Eugene Bonner of Campbell California a stockbroker formerly employed by Principal Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Bonner neglected to comply with FINRA’s information requests. Case No. 2017052748201 (July 14, 2017). Evidently, FINRA made attempts at procuring information […]

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Mutual Services Broker Caught Selling Woodbridge Notes

January 19, 2019  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Gary Lyle Pevey of Sacramento California a stockbroker formerly registered with Mutual Services Inc. has been fined $10,000.00 and suspended for twelve months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he sold away from his firm. Letter of Acceptance Waiver and Consent No. […]

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Newbridge Broker Caught Selling Away

Dennis Allen Hayes of Melville New York a stockbroker formerly registered with Newbridge Securities Corporation has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that (1) Hayes sold away from Newbridge Securities Corporation (2) Hayes failed to document his communications with the firm regarding his activities and (3) […]

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SEC Investigates Broker For Private Equities

January 06, 2019  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Michael Orr of Rye Brook New York a stockbroker formerly employed by NYPPEX LLC is referenced in a Securities Exchange Commission (SEC) Investigation dated January 17, 2017 into Orr’s possible infractions of federal securities laws or rules in reference to his negotiations of Betaworks Studios LLC private equity securities transactions. Financial Industry Regulatory Authority (FINRA) […]

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Merrill Lynch Stockbroker Caught Selling Away

January 06, 2019  |   Posted by :   |   Customer Loans, Selling Away, Stockbroker Fraud News   |   0 Comments

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

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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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American Independent Securities Broker Barred In Investigation

December 21, 2018  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Nicholas Randolph Radke Jr. of Irvine California a stockbroker formerly employed by American Independent Securities Group 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 provide FINRA with documentation and information in an investigation into accusations of Radke […]

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FINRA Bars Merrill Lynch Broker For In Investigation

December 21, 2018  |   Posted by :   |   Misappropriation of Funds, Selling Away, Stockbroker Fraud News   |   0 Comments

Christopher C. Hellman of Boca Raton Florida a stockbroker formerly employed by Merrill Lynch Pierce Fenner Smith Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Hellman failed to cooperate with FINRA personnel in an investigation into Hellman’s alleged private securities […]

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FINRA Fines Securities America Broker For Excessive Trading

December 21, 2018  |   Posted by :   |   Churning, Excessive trading, Selling Away, Stockbroker Fraud News   |   0 Comments

Michael Dennis Jackson of University Place Washington a stockbroker formerly registered with Securities America 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 (1) Jackson engaged in selling away (2) Jackson effected unauthorized trades in […]

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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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General Securities Corp Broker Barred In Investigation

December 13, 2018  |   Posted by :   |   Private Placement Fraud, Selling Away, Stockbroker Fraud News   |   0 Comments

Noel Carino of North Kansas City Missouri a stockbroker formerly employed by General Securities Corp 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 accusations of (1) Carino engaging in unapproved outside business activities […]

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RBC Capital Markets Sued By Investors For Misappropriation

John Robert McGinnis of Escondido California a stockbroker formerly employed by RBC Capital Markets is referenced in a customer initiated investment related arbitration claim which was resolved for $652,000.00 in damages supported by accusations that between 2009 and 2015: (1) McGinnis sold the customer private placement investments outside the auspices of RBC Capital Markets (2) […]

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Woodbridge Victims File Claims Against Quest Capital

November 29, 2018  |   Posted by :   |   Failure To Supervise, FINRA Securities Arbitration, Selling Away   |   0 Comments

Frank Roland Dietrich, of Lake Forrest, California, formerly associated with Quest Capital Strategies, Inc. was barred by the Financial Industry Regulatory Authority in connection with the sale of Woodbridge Group related securities. Letter of Acceptance Waiver & Consent, No. 2018057197801 (November 26, 2018). Dietrich, betwen 2013 and 2017, was found to have solicited fifty eight […]

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Signator Broker Barred By FINRA For Obstructing Investigation

November 12, 2018  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

David Carl Ferwerda of Grand Rapids Michigan a stockbroker formerly registered with Signator Investors 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 comply with FINRA in an investigation concerning his alleged unapproved private securities transactions. Letter of […]

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Pacific West Broker Sanctioned For Selling Away

November 03, 2018  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Gary Alan Meier of Vancouver Massachusetts a stockbroker and investment advisor representative formerly employed by Pacific West Securities Inc. and Pacific West Financial Consultants Inc. is referenced in a Consent Order issued by the Washington State Department of Financial Institutions Securities Division in which Meier has been fined and suspended from engaging in investment advisory […]

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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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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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CIM Securities Censured By FINRA For Failure To Supervise

CIM Securities LLC (also known as Brookline Capital Markets) a brokerage firm headquartered in Centennial Colorado has been censured and fined $15,000.00 by Financial Industry Regulatory Authority (FINRA) based upon the firm’s consent to findings that its failed to supervise three registered representatives’ private securities transactions. Letter of Acceptance Waiver and Consent No. 2017052070001 . […]

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FINRA Bars Independent Financial Broker For Obstruction

Jon Richard Pariser of Pacific Grove California a stockbroker formerly registered with Independent Financial Group LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate with FINRA’s investigation into Pariser’s referral of customers to an unregistered individual who […]

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Morgan Stanley Broker Barred In Investigation

October 22, 2018  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

John Halsey Buck III of Boston Massachusetts a stockbroker formerly registered with Morgan Stanley has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Buck obstructed FINRA’s investigation into allegations that he engaged in unauthorized private securities transactions. Letter of Acceptance Waiver and […]

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Despain Discharges Broker For Unapproved Investments

Jay R. Weiser of Collinsville Illinois a stockbroker formerly employed by Despain Financial Corporation has been discharged by the firm on June 22, 2018 based upon customers’ allegations that Weiser sold them life insurance products and regulation D investment products that were inappropriate for the customers. Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally confirms […]

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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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Kobak Accused Of Selling Away Promissory Notes

Douglas Louis Kobak of Conshohocken Pennsylvania a stockbroker formerly registered with Coastal Equities Inc. is the subject of a customer initiated investment related written complaint which was resolved after the customer sought $200,000.00 in damages based upon allegations of in connection with a promissory note investment sold away in a private securities transaction. Financial Industry […]

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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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Transamerica Broker Barred In Investigation

October 04, 2018  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Atiq Urrehman Khan (also known as Daniel Khan) of Covina California a stockbroker formerly employed by Transamerica Financial Advisors Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon Khan’s consent to findings that he obstructed a FINRA investigation into allegations of his unapproved solicitation of […]

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FINRA Fines NTB Stockbroker For Selling Away

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

George Louis McCaffrey III of Englewood Colorado a stockbroker formerly registered with NTB Financial Corporation has been fined $15,000.00 and suspended for eighteen months from associating with any FINRA member in any capacity based upon consenting to findings that he engaged in private securities transactions. Letter of Acceptance Waiver and Consent No. 2017056104701 (Sept. 10, […]

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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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HD Vest Broker Barred For Obstructing Investigation

Donna Lynn Barnard of Kilgore Texas a stockbroker formerly registered with HD Vest Investment Services has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that she obstructed a FINRA investigation into accusations of her sales practice violations relating to her Woodbridge promissory notes […]

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LPL Broker Suspended For Failure To Respond To FINRA

September 27, 2018  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Gretchen Jenkins of Rochester New York a stockbroker formerly registered with LPL Financial LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that Jenkins failed to provide FINRA personnel with information after an inquiry was made by FINRA into her activities. Case No. 2018057783001 […]

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FINRA Bars UBS Stockbroker For Selling Away

James Arthur Kujawski of Annapolis Maryland a stockbroker formerly employed by UBS Financial Services 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 engaged in private securities transactions and outside business activities. Letter of […]

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BMO Harris Broker Barred By FINRA For Failure To Comply

September 12, 2018  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Brandon M. Williams of Madison Wisconsin a stockbroker formerly registered with BMO Harris Financial Advisors Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he failed to respond to FINRA’s request for Williams’ information. Case No. 2017055123601 (Nov. 22, 2017). On November 22, […]

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FINRA Fines National Securities Broker For Selling Away

David Woods Unsworth Jr. of San Francisco California a stockbroker formerly employed by National Securities Corporation 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 Unsworth engaged in private securities transactions. Letter of Acceptance Waiver and Consent No. 2016050066401 […]

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Allstate Stockbroker Suspended By FINRA For Selling Away

August 25, 2018  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Mark Brian Quimby of Tampa Florida a stockbroker formerly employed by Allstate Financial Services LLC has been fined $10,000.00 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 sold away from the firm. Letter of Acceptance Waiver and Consent […]

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FINRA Bars UBS Stockbroker In Investigation

August 25, 2018  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Melanie Haning of Las Vegas Nevada 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 supported by allegations that Haning failed to provide information to FINRA after it was formally requested of her. Case No. 2017056399901 (Apr. 12, 2018). […]

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Investacorp Broker Fired For Selling Away

August 17, 2018  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

William Jeremiah Thompson of Alpharetta Georgia a stockbroker formerly employed by Investacorp Inc. has been discharged by the firm on September 8, 2015 founded on allegations that Thompson failed to abide by the policies and rules of the firm relating to investments authorized by the firm to be sold. Financial Industry Regulatory Authority (FINRA) Public […]

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FINRA Bars UBS Stockbroker In Selling Away Investigation

August 17, 2018  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Alex Gerardo Herrera of Coral Gables Florida a stockbroker formerly employed by UBS 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 he failed to cooperate in a FINRA investigation into accusations of his involvement in private securities transactions […]

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Merrill Lynch Discharges Stockbroker For Selling Away

August 14, 2018  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Frank Howard Zito of Ridgeland Mississippi a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Inc. has been discharged by the firm on June 25, 2018 supported by accusations that Zito failed to abide by the firm’s policies concerning outside business activities disclosures and selling away from the firm. Financial Industry Regulatory Authority (FINRA) […]

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Retirement Group Retires Broker For Selling Away

August 13, 2018  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Cory James Chapman (also known as Mickens Chapman) a stockbroker formerly employed by FSC Securities Corporation and The Retirement Group, has been terminated from the Retirement Group on December 14, 2017 supported by allegations that Chapman sold away from the firm. Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally reveals that on April 18, 2016, […]

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KCD Financial Stockbroker Suspended For Selling Away

July 31, 2018  |   Posted by :   |   Promissory Notes, Selling Away, Stockbroker Fraud News   |   0 Comments

Christopher Matthew Parr of Overland Park Kansas a stockbroker formerly employed by KCD Financial Inc. has been suspended for two years from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he sold away from his firm and entered into unapproved customer loan agreements. Letter of […]

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Growth Capital Broker Found Selling Away

July 31, 2018  |   Posted by :   |   Hedge Funds, Selling Away, Stockbroker Fraud News   |   0 Comments

Kenny Danny Mezher of San Francisco California a stockbroker formerly registered with Growth Capital 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 participated in unauthorized private securities transactions. Letter of Acceptance Waiver and Consent No. […]

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Transamerica Registered Representative Suspended By FINRA

July 16, 2018  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Roy Aurelio Gaytan of Thousand Oaks California a former registered representative of Transamerica Financial Advisors has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that he did not comply with FINRA’s information request. Case No. 2017054506901 (Nov. 13, 2017). FINRA Public Disclosure confirms that Gaytan […]

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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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Investors Sue Raymond James For Securities Fraud

David Christopher Hydrick of Memphis Tennessee a stockbroker formerly registered with Raymond James Associates Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $400,000.00 in damages based upon accusations of (1) misappropriation (2) unauthorized trading in the customer’s account (3) breach of contractual duties (4) conversion of the […]

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Investors File Lawsuits In Selling Away Scheme

July 12, 2018  |   Posted by :   |   Selling Away, Stockbroker Theft   |   0 Comments

Investor suits are piling up against Gould, Ambroson & Associates for an investment scheme perpetrated by one of its principals Matthew Evan Eckstein. Between December 2014 and December 2015 while associated with Gould, Ambroson & Associates Eckstein illegally sold over $1.3 million of investments in Conmac Funding Corp. to his customers, including elderly, conservative investors. […]

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UBS Stockbroker Discharged For Selling Away

July 12, 2018  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Paul William Murans (also known as Peace Murans) a stockbroker formerly employed by UBS Financial Services Inc. has been discharged by the firm on October 10, 2017 founded on accusations that Murans (1) failed to apprise the firm about being subject of a customer compliant (2) executed unapproved life-settlement transactions away from the firm and […]

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Geneos Stockbroker Barred For Obstructing Investigation

July 12, 2018  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Bradley Joseph Tennison of Mesa Arizona a stockbroker formerly registered with Geneos Wealth Management Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Tennison failed to cooperate with FINRA’s investigation into allegations that he made recommendations for a former customer to […]

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Palladium Stockbroker Barred In Investigation

July 12, 2018  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Abraham Biderman of New York New York a stockbroker formerly registered with Palladium Capital Advisors LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Biderman failed to provide FINRA with information in FINRA’s investigation into accusations of Biderman selling away from […]

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AXA Stockbroker Song Won’t Sing

June 25, 2018  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Simon Boowon Song of Los Angeles California a stockbroker formerly employed by AXA Advisors LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Song neglected to provide FINRA with a response to its request for information. FINRA Case No. 2017055196201 (Jan. 8, 2018). […]

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Wells Fargo Broker Fired For Selling Away

June 25, 2018  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Frank Charles Wroblewski of Southampton New York a stockbroker formerly employed by Wells Fargo Clearing Services LLC has been discharged on January 22, 2018 founded on allegations that he took part in a private securities transaction; conduct violative of the firm’s policies. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Wroblewski has been identified […]

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TCM Broker Barred By FINRA In Investigation

June 25, 2018  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Dennis Mitchell Farrah of Aurora Colorado a stockbroker formerly registered with Taylor Capital Management 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 FINRA’s investigation into accusations that he sold away from his firm. Letter of Acceptance […]

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Ameriprise Fires NJ Broker For Outside Business Activities

June 25, 2018  |   Posted by :   |   Customer Loans, Selling Away, Stockbroker Fraud News   |   0 Comments

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

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Foresters Broker Investigated For Woodbridge Investments

June 21, 2018  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

John Dale Ernst of San Diego California a former Foresters Equity Services Inc. registered representative is referenced in a State of Wisconsin investigation on November 30, 2017 concerning Ernst’s activities relating to Woodbridge Group of Companies, LLC. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Ernst was discharged by Foresters Equity Services, Inc. on […]

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Sigma Looser Gets Gooser For Selling Away

June 21, 2018  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Kevin Edward Looser of Lakeview Ohio a stockbroker formerly employed by Sigma Financial Corporation has been fined $10,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in unapproved private securities transactions while associated with Sigma Financial Corporation. […]

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Principal Securities Stockbroker Fined For Selling Away

June 12, 2018  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

John Michael Krohn of West Des Moines Iowa a stockbroker formerly employed by Principal Securities Inc. has been fined $10,000.00 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 private securities transactions and outside business activities. Letter […]

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LPL Financial Stockbroker Discharged For Selling Away

June 12, 2018  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Donald Joseph Savino Jr. of Rochester New York a stockbroker registered with LPL Financial LLC has been discharged by the firm on March 30, 2017 supported by accusations that Savino engaged in private securities transactions in violation of the firm’s policy. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that a customer filed an investment […]

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Signator Broker Investigated For Unregistered Securities

David Carl Ferwerda of Grand Rapids Michigan a stockbroker formerly employed by Signator Investors Inc. is referenced in a Michigan Department of Licensing and Regulatory Affairs investigation into accusations that Ferwerda sold securities to customers that were neither registered nor exempt from registration in the state. FINRA Public Disclosure reveals that Ferwerda has been discharged […]

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Securities Service Network Broker Fined For Selling Away

May 31, 2018  |   Posted by :   |   Promissory Notes, Selling Away, Stockbroker Fraud News   |   0 Comments

Peter David Holler of Bristol Tennessee a stockbroker formerly employed by Securities Service Network has been fined $10,000.00 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 sold away from the firm. Letter of Acceptance Waiver and Consent No. […]

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NYLife Securities Sued For Woodbridge Mortgage Investment Fund

May 29, 2018  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Alan Harold New of Fort Wayne Indiana a former NYLife Securities LLC registered representative is referenced in a customer initiated investment related civil action where the customer sought $400,000.00 in damages founded on allegations that omissions were made to the customer concerning the terms and risks pertaining to the Woodbridge Mortgage Investment Fund purchased by […]

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IBN Financial Stockbroker Discharged For Selling Away

May 29, 2018  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

David William Stewart of Erie Pennsylvania a stockbroker registered with IBN Financial Services Inc. has been discharged by the firm on March 7, 2018 supported by allegations that Stewart engaged in private securities transactions in violation of industry conduct standards and the firm’s selling away policies. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that […]

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HD Investment Services Sued For Unsuitable Recommendations

May 29, 2018  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Karl Ronald Foust Jr. of Boca Raton Florida a stockbroker and direct participation programs representative formerly registered with H.D. Investment Services is referenced in a customer initiated investment related arbitration claim in which the customer sought $95,000.00 in damages based upon allegations that the customer’s investment in Wimbledon Health Partners LLC was both misrepresented and […]

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FINRA Fines Merrill Lynch Stockbroker For Selling Away

May 29, 2018  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Joshua David Stamm of Lynchburg Virginia a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated has been fined $5,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he sold away from the firm. Letter of Acceptance Waiver […]

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Quest Capital Broker Terminated For Selling Away

May 29, 2018  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Frank Roland Dietrich of Lake Forest California a stockbroker formerly employed by Quest Capital Strategies Inc. has been terminated by the firm on March 31, 2018 supported by accusations that Dietrich engaged in undisclosed outside business activities and effected sales of investment products that were not approved by the firm. Financial Industry Regulatory Authority (FINRA) […]

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Regulator Bars ProEquities Broker For Selling Away

May 29, 2018  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Matthew Charles Woodard of Farmington Connecticut a stockbroker formerly registered with ProEquities Inc. has been fined $20,000.00 and barred by the Connecticut Department of Banking from transacting business in Connecticut as an investment advisor agent or broker-dealer agent according to a Consent Order containing findings that Woodard transacted business with a Connecticut investor while unregistered […]

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FINRA Bars Chelsea Financial Stockbroker For Obstruction

May 29, 2018  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Brandon Carl Rudolph of Las Vegas Nevada a stockbroker formerly registered with Chelsea Financial Services 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 Rudolph’s potential engagement in private securities transactions. Letter of Acceptance Waiver and […]

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Morgan Stanley Discharges Broker For Private Investments

May 17, 2018  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

James Robert Willing of Boston Massachusetts a stockbroker registered with Morgan Stanley Wealth Management has been discharged by the firm on January 29, 2018 supported by allegations that Willing failed to be forthcoming with the firm regarding his participation in private investment transactions that had been executed away from the firm. Financial Industry Regulatory Authority […]

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FINRA Suspends Girard Stockbroker For Selling Away

May 17, 2018  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Drew Mansfield Johnson of Coon Rapids Minnesota a stockbroker formerly registered with Girard Securities Inc. has been fined $5,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he effected securities transactions away from the firm. Letter of Acceptance Waiver […]

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FINRA Bars CUNA Stockbroker In Investigation

May 17, 2018  |   Posted by :   |   Forgery, Selling Away, Stockbroker Fraud News   |   0 Comments

Stacy Elizabeth Cheney-Jamison of Boca Raton Florida a stockbroker formerly registered with CUNA Brokerage Services 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 provide documentation and information to FINRA in an investigation into allegations of Cheney-Jamison selling […]

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FINRA Investigates Capital Securities Stockbroker For Fraud

May 17, 2018  |   Posted by :   |   Promissory Notes, Selling Away, Stockbroker Fraud News   |   0 Comments

Harold Lee Connell of Miami Florida a stockbroker formerly employed by CP Capital Securities is the subject of a Financial Industry Regulatory Authority (FINRA) Wells Notice where FINRA recommended that a disciplinary action be pursued against Connell alleging that he committed fraud and effected promissory notes and private placement transactions that were not suitable for […]

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State Farm Broker Barred In Investigation

May 17, 2018  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Vincent Santoro of Lake Mary Florida a stockbroker formerly employed by State Farm VP Management Corp has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to provide recorded testimony before FINRA personnel. Letter of Acceptance Waiver and Consent No. 2018056843801 […]

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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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Crescent Broker Fined For Outside Business Activities

May 01, 2018  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Stephen Johnathan Hoshimi of Dallas Texas a direct participation programs representative for Crescent Securities Group 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 supported by consenting to findings that he engaged in outside business activities that were not timely disclosed […]

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Paulson Investments Broker Caught For Selling Away

May 01, 2018  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Ahmed Ghassan Gheith of New York New York a stockbroker formerly registered with Paulson Investment Company LLC has been fined $10,000.00 and suspended for twelve months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he sold away from Paulson Investment Company LLC. Letter of […]

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Gould Ambroson Stockbroker Charged by FINRA With Fraud

Michael Evan Eckstein of Garden City New York a stockbroker formerly registered with Gould Ambroson Associates Ltd. has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that Eckstein (1) effected unsuitable transactions (2) made omissions and misrepresentations to customers when making investment recommendations and (3) engaged in a fraudulent investment scheme. […]

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Merrill Lynch Stockbroker Terminated For Selling Away

April 27, 2018  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Melvin Saul Jacobs of Houston Texas a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Inc. has been terminated on December 14, 2017 based upon allegations that he sold away from his firm in violation of Merrill Lynch’s policy. Financial Industry Regulatory Authority (FINRA) Public Disclosure also reveals that on February 11, 2009, a […]

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Northwestern Mutual Broker Barred For Unauthorized Trading

April 27, 2018  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Matthew Thomas Cochran of Charlotte North Carolina a stockbroker formerly registered with Northwestern Mutual Investment Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he established accounts from customers away from Northwestern Mutual without procuring the firm’s authorization. Letter of […]

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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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FINRA Suspends Osprey Officer For Failure To Supervise

April 08, 2018  |   Posted by :   |   Promissory Notes, Selling Away, Stockbroker Fraud News   |   0 Comments

Richard Hunt Crockett of New York New York is a former chief compliance officer of Osprey Partners LLC who 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 failed to supervise Osprey stockbrokers’ private securities transactions. Letter of […]

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FINRA Bars Royal Alliance Stockbroker For Obstruction

March 22, 2018  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Gary John Basralian of Maplewood New Jersey is a stockbroker formerly registered with Royal Alliance Associates, Inc. who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he failed to cooperate in a FINRA investigation into allegations of Basralian having committed securities fraud. […]

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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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Wells Fargo Stockbroker Terminated For Selling Away

March 12, 2018  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

David Manor of Boston Massachusetts is a stockbroker formerly registered with Wells Fargo Clearing Services LLC who has been terminated from employment on January 9 2019 based upon accusations that he recommended that a customer effect a securities transaction away from Wells Fargo and then helped facilitate a private securities transaction. Financial Industry Regulatory Authority […]

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SEC Bars Sunbelt Securities Broker For Selling Away

March 07, 2018  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

James C. Tao of Houston Texas is a stockbroker formerly employed with Sunbelt Securities Inc. who has been barred by Securities and Exchange Commission (SEC) from acting as an investment advisor or broker or associating with any investment advisory or brokerage firm in any capacity according to an Order Instituting Administrative Proceedings Making Findings and […]

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Regulator Bars Taylor Capital Broker For Selling Away

March 07, 2018  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Dennis Mitchell Farrah of Aurora Colorado is a former stockbroker of Taylor Capital Management Inc. who has been permanently barred from associating with any investment adviser or broker-dealer conducting business in Colorado according to a Colorado Division of Securities Stipulation and Consent Order containing findings that Farrah executed securities sales away from his firm. In […]

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FINRA Bars JP Morgan Broker For Hindering Investigation

March 07, 2018  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Pavel Shklyar of Norwood New Jersey is a stockbroker formerly registered with J.P. Morgan Chase Bank who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he obstructed FINRA’s investigation into accusations of Shklyar’s private securities transactions. Letter of Acceptance Waiver and […]

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Comprehensive Asset Mgmt Fires Broker For Selling Away

February 20, 2018  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Tamara Rae Steele of Pendleton Indiana is a stockbroker formerly registered with Comprehensive Asset Management and Servicing Inc. who has been fired on June 13 2017 based upon accusations that she engaged in private securities transactions that involved several of the firm’s customers even though Steele never gained the firm’s authorization to engage in those […]

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Summit Equity Stockbroker Suspended For Selling Away

February 20, 2018  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Donald Kay Gross II of Parsippany New Jersey is a stockbroker formerly registered with Summit Equities Inc. who is the subject of an Order of Summary Suspension issued by California Department of Insurance wherein Gross was suspended for three months from engaging in insurance business in California supported by allegations against Gross of selling away […]

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Merrill Lynch Broker Charged With Failure To Testify

February 20, 2018  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Shakela Carter of Fort Lauderdale Florida is a stockbroker formerly registered with Merrill Lynch who has been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that she failed to testify in an investigation into accusations of her selling away from the firm. Department of Enforcement v. Shakela Carter Disciplinary Proceeding No. 20160492021-01 […]

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FINRA Bars IFS Stockbroker For Fraudulent Omissions

February 20, 2018  |   Posted by :   |   Selling Away, Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Francis Joseph Gendlek of East Brunswick New Jersey is a stockbroker formerly registered with IFS Securities who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he made fraudulent omissions and misrepresentations relating to his private securities transactions. Letter of Acceptance Waiver and […]

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SEC Bars Sunbelt Securities Broker For Selling Away

February 19, 2018  |   Posted by :   |   Hedge Funds, Selling Away, Stockbroker Fraud News   |   0 Comments

Donna Boyd of Houston Texas is an investment adviser and stockbroker formerly registered with Sunbelt Securities that has been barred by the Securities and Exchange Commission (SEC) from acting as an investment adviser or broker according an Order Instituting Administrative Proceedings Pursuant to Section 15(b) of the Securities Exchange Act of 1934 and Section 203(f) […]

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VALIC Financial Fires Stockbroker For Selling Away

January 26, 2018  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Richard Channing Hawkes, of Orange, California, a stockbroker employed with VALIC Financial Advisors, Inc., has been fired on May 4, 2016, founded on accusations that he effected investment transactions involving products that had not been approved for sale by the firm, violating the firm’s policies regarding selling away. This is not the first time that […]

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Morgan Stanley Broker Barred For Impeding Investigation

January 26, 2018  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Guillermo William Valladolid, of La Jolla, California, a stockbroker formerly employed with Morgan Stanley, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he failed to comply with FINRA in an investigation into allegations of Valladolid selling away from Morgan Stanley. Letter of […]

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Merrill Lynch Stockbroker Fired For Selling Away

January 10, 2018  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

James Anthony Merkel of Frederick, Maryland, a stockbroker formerly registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has been fired on August 21, 2017, based upon allegations that he sold away from his firm and that his private securities transactions were violative of the firm’s policies. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that […]

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State Farm Broker Fined For Unauthorized Transactions

January 09, 2018  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Shannon Lynn Lewis of Muscatine, Iowa, a registered representative with State Farm VP Management Company, has been fined $7,500.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he engaged in unapproved securities transactions. Letter of Acceptance, Waiver and Consent, No. […]

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Western Intl Broker Barred For Thwarting Investigation

January 09, 2018  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Joe E. Tinder, of Missoula, Montana, a stockbroker currently registered with Western International Securities, 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 respond to FINRA’s investigation into accusations that he, inter alia, sold away from his firm. […]

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FINRA Bars MML Stockbroker For Failure To Cooperate

December 23, 2017  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Brian Michael Travers, of Melville, New York, a stockbroker formerly registered with 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 he failed to cooperate in an investigation into allegations that he engaged in unapproved private securities transactions […]

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LPL Financial Stockbroker Barred For Selling Away

December 23, 2017  |   Posted by :   |   Ponzi Scheme, Selling Away, Stockbroker Fraud News   |   0 Comments

Leslie Koonce, of Menlo Park, California, 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 he obstructed a FINRA investigation into allegations that he sold away from his firm and falsified information about his […]

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FINRA Suspends Raymond James Broker For Selling Away

December 23, 2017  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Walter Sanfrid Olsson, of Grand Rapids, Michigan, a stockbroker formerly registered with Raymond James Financial Services, Inc., has been fined and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he sold away from his firm. Letter of Acceptance, Waiver and Consent, No. 2016052628601 […]

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SEC Charges Bolton Global Stockbroker With Fraud

December 23, 2017  |   Posted by :   |   Ponzi Scheme, Selling Away, Stockbroker Fraud News   |   0 Comments

Paul Wescoe Smith, of Wayne, Pennsylvania, a stockbroker formerly registered with Bolton Global Capital and investment advisor for The Haverford Group, has been charged by Securities and Exchange Commission (SEC) in a Complaint alleging that engaged in investment advisory fraud and executed a fraudulent securities offering spanning a quarter century. Securities and Exchange Commission v. […]

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Sunbelt Securities Stockbroker Charged With Fraud

December 23, 2017  |   Posted by :   |   Selling Away, Stockbroker Fraud News, Unregistered Securities   |   0 Comments

James C. Tao and Donna Chen, of Houston Texas, stockbrokers and investment advisors formerly associated with Sunbelt Securities, were charged by Securities and Exchange Commission (SEC) in a Complaint alleging that Tao engaged in fraudulent securities transactions, and Tao and Chen offered and sold securities as unregistered brokers by selling away. Securities and Exchange Commission […]

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Doughtery Dawkins Broker Suspended For Selling Away

December 23, 2017  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Michael Timothy Dolan, of Minneapolis, Minnesota, a stockbroker formerly registered with Doughtery Dawkins LLC, has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Office of Hearing Officers’ Hearing Panel Decision containing findings that Dolan sold away from his firm. Letter of Acceptance, […]

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FINRA Bars UBS Financial Stockbroker For Selling Away

December 15, 2017  |   Posted by :   |   Failure To Supervise, Selling Away   |   0 Comments

Kenneth S. Tyrrell, of Richmond Virginia, a stockbroker registered with UBS 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 Tyrrell, inter alia, sold away from his firm, engaged in unapproved outside business activities, and inaccurately represented his activities […]

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FINRA Fines Stifel Nicolaus Broker For Selling Away

December 15, 2017  |   Posted by :   |   Selling Away   |   0 Comments

Joseph Daniel Krueger, II, of Westlake, Ohio, a stockbroker registered with Stifel, Nicolaus & 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 based upon consenting to findings that he engaged in unapproved private securities transactions. Letter of Acceptance, Waiver and […]

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FSC Principal Fined For Failure To Supervise

December 15, 2017  |   Posted by :   |   Failure To Supervise, Selling Away, Stockbroker Fraud News   |   0 Comments

Eric Dean Rolschoven, of Missoula, Montana, a stockbroker registered with FSC Securities Corporation, was fined $15,000.00 by the Office of the Montana State Auditor, Commissioner of Securities and Insurance, according to a Consent Agreement and Final Order containing findings that Rolschoven failed to supervise a registered representative who engaged in sales practice violations. In the […]

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Paulson Investment Company Fires Broker For Complaint

December 15, 2017  |   Posted by :   |   Promissory Notes, Selling Away   |   0 Comments

Ahmed Ghassan Gheith, of New York, New York, a stockbroker formerly registered with Paulson Investment company, LLC, was fired on August 11, 2017, based upon allegations that he violated Paulson’s written supervisory procedures, failed to be forthcoming in reference to the firm’s compliance questionnaires, violated FINRA Rule 3280, and became subject of a customer initiated […]

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SA Stone Wealth Management Fires Broker For Selling Away

December 15, 2017  |   Posted by :   |   Promissory Notes, Selling Away, Stockbroker Fraud News   |   0 Comments

Christopher Todd Wendel, of Celina, Ohio, a stockbroker registered with SA Stone Wealth Management Inc., has been fired on September 5, 2017, supported by accusations that he violated the policies of the firm through selling away; he effected promissory notes transactions outside the firm’s auspices. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Wendel […]

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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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United Planners Stockbroker Barred For Selling Away

November 28, 2017  |   Posted by :   |   Selling Away   |   0 Comments

Jerry Lou Guttman of Phoenix, Arizona, a stockbroker formerly registered with United Planners’ Financial Services of America, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he sold $7,000,000.00 worth of investments to customers away from his firm. Letter of Acceptance, Waiver and Consent, […]

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Raymond James Stockbroker Suspended For Selling Away

November 21, 2017  |   Posted by :   |   Selling Away   |   0 Comments

Robert Jeffrey Scherzer, of New York, New York, a stockbroker formerly registered with Raymond James Financial Services, 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 sold away from his firm. Letter of Acceptance, […]

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Park Avenue Securities Sued For Sale of Unregistered Securities

November 20, 2017  |   Posted by :   |   Selling Away, Stockbroker Fraud News, Unregistered Securities   |   0 Comments

Lizabeth Gotuaco Ty of Houston, Texas, a stockbroker formerly registered with Park Avenue Securities LLC who is barred from the securities industry, is the subject of a customer initiated investment related arbitration claim, in which the customer requested $175,000.00 in damages based upon allegations that Ty effected unauthorized transactions by selling the customer a promissory […]

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First Allied Terminates Stockbroker For Selling Away

November 20, 2017  |   Posted by :   |   Selling Away   |   0 Comments

Gregory Alan Levine, of Fort Lauderdale, Florida, a stockbroker registered with First Allied Securities, Inc., was fired on June 21, 2017, based upon accusations that he sold away from the firm, and failed to notify First Allied that he was subject of a customer initiated investment related complaint in which he was accused of effecting […]

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Triad Advisors Stockbroker Suspended For Selling Away

November 20, 2017  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Robert Scott Wilder of Atlanta, Georgia, a stockbroker formerly registered with Sterne Agee Financial Services, 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 sold away from his firm. Letter of Acceptance, Waiver and Consent, […]

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FINRA Bars First Allied Broker For Failure To Cooperate

November 07, 2017  |   Posted by :   |   Selling Away   |   0 Comments

Masood Husain Azad, of League City, Texas, a stockbroker formerly registered with First Allied Securities, 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 Azad selling away from the firm and engaging in unapproved […]

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Royal Alliance Stockbroker Barred By Regulator

November 07, 2017  |   Posted by :   |   Selling Away   |   0 Comments

William Brian Wyman, of Palm Bay, Florida, a stockbroker formerly registered with Royal Alliance Associates, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he failed to provide FINRA with information regarding his business activities. Case No. 2016050213701 (May 8, 2017). Financial Industry Regulatory […]

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Cadaret Grant Terminates Stockbroker For Selling Away

November 07, 2017  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Steven Pagartanis, of Setauket, New York, a stockbroker formerly registered with Cadaret, Grant & Co., Inc., has been terminated by the firm on March 20, 2017, based on allegations that the firm received a customer initiated investment related arbitration claim pertaining to Pagartanis’ conduct that contained accusations of conversion of the customer’s funds, securities fraud […]

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SA Stone Wealth Management Fires Broker For Selling Away

November 01, 2017  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Christopher Todd Wendel of Celina, Ohio, a stockbroker formerly employed with SA Stone Wealth Management Inc., has been fired from the company on September 5, 2017, based upon allegations that Wendel sold away from the firm. Wendel’s termination comes after the firm launched an investigation into his alleged private securities transactions on April 21, 2017. […]

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Morgan Stanley Stockbroker Sanctioned For Selling Away

November 01, 2017  |   Posted by :   |   Selling Away   |   0 Comments

Jeffrey Michael Johnson, of Birmingham, Michigan, a stockbroker formerly registered with Morgan Stanley Smith Barney, has been fined $10,000.00 and suspended for seven months from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity based on allegations of selling away from his firm. Letter of Acceptance, Waiver and Consent, No. 2016049341201 […]

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AXA Stockbroker Fined For Outside Business Activities

November 01, 2017  |   Posted by :   |   Selling Away   |   0 Comments

Ryan Christopher 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 all capacities by consenting to findings that he engaged in unapproved outside business activities. Letter of Acceptance, Waiver and Consent, […]

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LPL Stockbroker Suspended By FINRA For Selling Away

November 01, 2017  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Thomas Joseph Breslin Jr., of San Diego, California, a stockbroker formerly associated with LPL Financial LLC, has been fined $5,000.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity based upon allegations that he sold away from LPL Financial. Letter of Acceptance, Waiver and Consent, […]

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MetLife Broker Charged With Impeding Investigation

November 01, 2017  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Jasper E. Boykin, Jr., of Atlanta, Georgia, a registered representative formerly registered with MetLife Securities Inc., has been charged by FINRA Department of Enforcement in a Complaint alleging that he obstructed a FINRA investigation into allegations of his unapproved outside business activities. Department of Enforcement v. Jasper E. Boykin, Jr., No. 2016049508602 (Oct. 16, 2017). […]

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LPL Financial Stockbroker Fined For Selling Away

November 01, 2017  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Terrence Jeffrey Diehl, of Boston, Massachusetts, a stockbroker formerly registered with LPL Financial, LLC, has been fined $10,000.00 and handed a nine-month suspension from associating with any FINRA member in any capacity by consenting to findings that he sold away from his firm and lied about it when LPL Financial, LLC questioned him. Letter of […]

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Securities America Broker Suspended For Selling Away

October 16, 2017  |   Posted by :   |   Selling Away   |   0 Comments

Michael Anton Crowe, of Mesa, Arizona, a stockbroker formerly registered with Securities America, 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 sold away from his firm. Letter of Acceptance, Waiver and Consent, No. 2016051678001 (Oct. 2, […]

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MetLife Securities Stockbroker Barred By FINRA

October 16, 2017  |   Posted by :   |   Selling Away   |   0 Comments

Ronald Dolinger, of Dublin, Ohio, a stockbroker formerly registered with MetLife Securities 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 testify in a FINRA investigation into allegations of his outside business activities. Letter of Acceptance, Waiver and […]

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Moloney Broker Barred For Misappropriation

October 05, 2017  |   Posted by :   |   Misappropriation of Funds, Selling Away   |   0 Comments

Dale Earl Krueger, of Midland, Michigan, a stockbroker formerly registered with Moloney Securities, Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he inappropriately utilized customers’ investment funds, and failed to cooperate with FINRA during an investigation into allegations of Krueger’s unauthorized […]

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Girard Stockbroker Barred In Investigation

October 05, 2017  |   Posted by :   |   Selling Away   |   0 Comments

Dennis Boyd McMurray, of Irvine, California, a stockbroker formerly registered with Girard Securities, Inc., has been fined and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on consenting to findings that he did not furnish information and documentation to FINRA regulators in the course of an investigation into […]

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LPL Financial Stockbroker Suspended For Selling Away

October 03, 2017  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Kenneth Dominic Savino, of West Hartford, Connecticut, a stockbroker formerly registered with LPL Financial LLC, has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he sold away from LPL Financial LLC. Letter of Acceptance, Waiver and Consent, No. 2015047946801 […]

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Dalton Stockbroker Barred For Selling Away

September 22, 2017  |   Posted by :   |   Selling Away   |   0 Comments

Michael Jon DeBoer, of Spring Hill, Florida, a stockbroker formerly registered with M Dalton Strategic Investment Services Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on consenting to findings that he failed to conduct due diligence on customer’s investments, engaged in private securities transactions, and […]

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Lincoln Investment Fires Stockbroker For Selling Away

September 22, 2017  |   Posted by :   |   Selling Away   |   0 Comments

Walter L Starghill III, of Southfield, Missouri, a stockbroker registered with Lincoln Investment, has been fired on March 16, 2017, based on allegations that he violated the firm’s policies by selling away; he effected private securities transactions outside the firm’s auspices without its knowledge or authorization. Guiliano Law Group Our practice is limited to the […]

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American Capital Stockbroker Vultaggio Barred

September 22, 2017  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Anthony Vultaggio Jr., of East Meadow, New York, a stockbroker formerly registered with American Capital Partners, LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he did not cooperate in an investigation into allegations that he engaged in outside business activities […]

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CoreCap Michigan Broker Charged With Stealing Million

September 18, 2017  |   Posted by :   |   Ponzi Scheme, Selling Away, Stockbroker Fraud News   |   0 Comments

Ernest J. Romer of Sterling Heights, Michigan, whom until very recently was associated with CoreCap Investments,  located in South Field Michigan, was charged with embezzlement. According to the Complaint, Michigan Investigators believe Romer’s transactions were part of a larger “pattern of felonious financial maneuvers involving a field of investors, with as many as 20 additional […]

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Securities America Broker Barred By FINRA

September 15, 2017  |   Posted by :   |   Selling Away   |   0 Comments

Bruce Page Barber, of Colorado Springs, Colorado, a registered representative formerly associated with Securities America, 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 in an investigation into accusations of his outside business activities. Letter of Acceptance, […]

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Raymond James Fires Broker During Investigation

September 15, 2017  |   Posted by :   |   Selling Away   |   0 Comments

Luis Jacob Alayo Riera, of Miami Beach, Florida, a stockbroker registered with Raymond James & Associates, was fired on December 22, 2016, based upon allegations that he failed to comply with the terms of an internal investigation into his activities involving the facilitation of investment activities away from Raymond James. Financial Industry Regulatory Authority (FINRA) […]

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Regulator Bars National Planning Corporation Stockbroker

September 15, 2017  |   Posted by :   |   Selling Away   |   0 Comments

William August Glaser, of St. Albans, Missouri, a stockbroker formerly registered with National Planning Corporation, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Glaser obstructed an investigation into allegations of him selling away from National Planning Corporation. Letter of Acceptance, Waiver […]

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Regulator Suspends Finance 500 Broker For Selling Away

August 31, 2017  |   Posted by :   |   Selling Away   |   0 Comments

John Kostic, of Irvine, California, a stockbroker formerly registered with Finance 500, Inc., has been fined $10,000.00 and suspended for seven months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in private securities transactions. Letter of Acceptance, Waiver and Consent, No. 2015045360601 […]

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Regulator Suspends Raymond James Broker For Selling Away

August 31, 2017  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Fan Kam Yip, of Mercer Island, Washington, a stockbroker formerly registered with Raymond James Financial Services, 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 sold away from his firm. Letter of Acceptance, Waiver […]

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Regulator Suspends SH Investment And Securities Broker

August 26, 2017  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Bae Keun Yu, of Los Angeles, California, a stockbroker formerly registered with SH Investment & Securities, has been fined and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in undisclosed outside business activities. Letter of Acceptance, Waiver and Consent, No. 2016047873501 […]

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HLH Securities Owner Suspended For Supervisory Failures

August 17, 2017  |   Posted by :   |   Failure To Supervise, Selling Away   |   0 Comments

Howard L. Hull III, of Newport Coast, California, a prior owner, vice-president, chief compliance officer, and financial and operations principal for HLH Securities, Inc., has been fined $20,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Hull, inter alia, […]

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RBC Capital Markets Broker Suspended For Selling Away

August 17, 2017  |   Posted by :   |   Selling Away   |   0 Comments

Patrick M. Hudson, of Baltimore, Maryland, a stockbroker formerly registered with RBC Capital Markets, LLC, 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 Hudson, inter alia, engaged in outside business activities and private securities transactions […]

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FSC Securities Broker Suspended For Selling Away

August 17, 2017  |   Posted by :   |   Selling Away   |   0 Comments

Jeffrey Ward Delone, of Malvern, Pennsylvania, a stockbroker formerly registered with FSC Securities Corporation, 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 he sold away from his firm. Letter of Acceptance, Waiver and Consent, No. […]

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LPL Financial Stockbroker Suspended For Selling Away

August 15, 2017  |   Posted by :   |   Selling Away   |   0 Comments

Stanley Scott Garrison, of Bakersfield, California, a stockbroker formerly registered with LPL Financial 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 he engaged in outside business activities that were not approved by the firm […]

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LPL Financial Stockbroker Caught Selling Away

July 29, 2017  |   Posted by :   |   Selling Away   |   0 Comments

Christopher Hanley Russell, of Huntsville, Alabama, a stockbroker formerly registered with LPL Financial 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 sold away from the firm. Letter of Acceptance, Waiver and Consent, No. […]

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Ausdal Financial Partners Stockbroker Gott Suspended

July 29, 2017  |   Posted by :   |   Selling Away   |   0 Comments

David G. Gott, of Tipton, Iowa, a stockbroker formerly registered with Ausdal Financial Partners, Inc., gott fined $5,000.00 and gott suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he sold away an investment in an  ice cream company from his […]

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Mercury Securities Sanctioned For Failure To Supervise

July 29, 2017  |   Posted by :   |   Failure To Supervise, Selling Away   |   0 Comments

Mercury Securities LLC, a brokerage firm located in San Rafael, California, was censured and fined $5,000.00 by Financial Industry Regulatory Authority (FINRA) based upon consenting to findings that the firm failed to supervise registered representatives’ private securities transactions. Letter of Acceptance, Waiver and Consent, No. 2015043459301 (July 12, 2017). According to the AWC, three of […]

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VSR Financial Services Named In Theft Claim

July 29, 2017  |   Posted by :   |   Selling Away, Stockbroker Theft   |   0 Comments

Paul Cragg Larsen, of Naples, Florida, a stockbroker formerly registered with VSR Financial Services, Inc., is the subject of a customer initiated investment related arbitration claim on June 3, 2016, in which the customer requested $4,000,000.00 in damages based upon allegations that Larsen converted the customer’s monies that were intended for investments in real estate […]

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Girard Securities Broker Barred In Investigation

July 28, 2017  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Jason H. LeBlanc, of Fulshear, Texas, a stockbroker formerly registered with Girard Securities, Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he sold away from his firm, engaged in outside business activities without apprising his firm, misused customers’ monies, and […]

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Morgan Stanley Broker Suspended For Selling Away

July 28, 2017  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Richard S. Botkin, of Roseville, California, a stockbroker formerly registered with Morgan Stanley, has been fined $15,000.00 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 effected private securities transactions without notification to his firm. Letter of Acceptance, Waiver […]

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LPL Financial Sued In Arbitration For Suitability

July 05, 2017  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

James Edward Bashaw, of Houston, Texas, a stockbroker formerly registered with LPL Financial LLC, has been named in a customer initiated investment related arbitration claim on September 2, 2016, in which the customer requested $3,800,000.00 in damages based upon allegations that Bashaw made unsuitable investment recommendations to customers concerning Texas Air Shuttle, LLC. Customers additionally […]

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National Securities Stockbroker Charged With Theft

Kyle P. Harrington, of San Diego, California, a stockbroker formerly registered with National Securities Corporation, has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that he converted a customer’s funds, sold away from his firm, and falsified documentation to FINRA in regard to his activities. Department of Enforcement […]

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First American Securities Stockbroker Suspended For Selling Away

July 03, 2017  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

John Charles Piccarreto Jr., of Orrville, Ohio, a stockbroker formerly registered with First American Securities, 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 he engaged in private securities transactions without ever having apprised his firm […]

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MML Investor Services Stockbroker Fired For Selling Away

July 03, 2017  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Gary Wayne Hammond, of Charlotte, North Carolina, a stockbroker registered with MML Investors Services, LLC, was terminated from employment on April 21, 2017, based upon allegations that he sold away from his firm and violated the firm’s company policies in the handling of a customer initiated investment related complaint. Financial Industry Regulatory Authority (FINRA) Public […]

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Key Investments Stockbroker Sanctioned By Regulator

Abed Adam Darwish, of North Royalton, Ohio, a stockbroker formerly registered with Key Investment Services, has been fined $7,500.00 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 utilized customers’ information without consent to create investment accounts and effected […]

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ALPS Distributors Stockbroker Sanctioned For Selling Away

Christopher M. Hawn, of Denver, Colorado, a stockbroker formerly registered with SC Distributors, LLC, and ALPS Distributors, 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 Hawn, inter alia, engaged in unauthorized outside business activities […]

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Essex Securities Stockbroker Barred By Regulator

June 19, 2017  |   Posted by :   |   Forgery, Selling Away, Stockbroker Fraud News, Suitability   |   0 Comments

Lawrence M. Thomas, of North Attleboro, Massachusetts, a stockbroker formerly registered with Essex Securities LLC, has been fined and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he obstructed a FINRA investigation into allegations that he made improper investment recommendations to customers. Letter […]

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Red Ridge Securities Stockbroker Suspended For Failure To Supervise

Brent David Hurt, of Chicago, Illinois, the Chief Compliance Officer of Redridge Securities, Inc., has been fined $10,000.00 and suspended for thirteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he inadequately supervised a stockbroker’s private securities offerings. Letter of Acceptance, Waiver and […]

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Allstate Financial Services Broker Suspended For Selling Away

June 08, 2017  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

David Michael Panetta, of Nutley, New Jersey, a registered representative formerly associated with Allstate Financial Services, LLC, has been fined $7,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in outside business activities without his firm’s knowledge, and made false […]

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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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Merrill Lynch Stockbroker Charged With Selling Away

May 18, 2017  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Stephen Brown, of Pittsford, New York, a stockbroker formerly registered with Merrill Lynch, Pierce, Fenner & Smith, Inc., was charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint based upon allegations that he, inter alia, engaged in private securities transactions and outside business activities without disclosing them to his firm. Department […]

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Benefit Funding Services Broker Barred In Investigation

May 18, 2017  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Joshua Gottlieb, of Woodland Hills, California, a registered representative with Benefit Funding Services, LLC, has been permanently 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 that he sold away from his firm. Letter of Acceptance, Waiver […]

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Summit Equities Censured For Failure To Supervise

May 18, 2017  |   Posted by :   |   Hedge Funds, Selling Away, Stockbroker Fraud News   |   0 Comments

Summit Equities, Inc., a brokerage firm headquartered in Parsippany, New Jersey, has been censured and fined $325,000.00 by Financial Industry Regulatory Authority (FINRA) based upon consenting to findings that the firm did not adequately supervise registered representatives’ private securities transactions as well as recommendations of variable annuity share classes. Letter of Acceptance, Waiver and Consent, […]

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Oppenheimer Stockbroker Barred In Regulatory Investigation

May 18, 2017  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Greg D. Templeton, of New York, New York, a stockbroker formerly registered with Oppenheimer & Co., Inc., has been permanently 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 his sales practice violations and “mishandling” of […]

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LPL Financial Stockbroker Suspended For Selling Away

May 18, 2017  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Arthur J. Smithee Junior, of Orem, Utah, a stockbroker formerly registered with 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 unapproved outside business activities and sold securities to customers outside the auspices […]

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AXA Advisors Stockbroker Suspended For Selling Away

May 05, 2017  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Leon Edward Dixon, of Miami, Florida, a registered representative formerly associated with AXA Advisors, LLC, has been fined $7,500.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Dixon, inter alia, engaged in unauthorized private securities transactions. Letter of Acceptance, […]

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Wayne Pennsylvania Broker Suspected In Ponzi Scheme

April 20, 2017  |   Posted by :   |   Ponzi Scheme, Selling Away, Stockbroker Fraud News   |   0 Comments

The Guiliano Law Group is investigating claims on behalf of investors involving Paul Wescoe Smith formerly associated with Bolton Global Capital in Wayne, Pennsylvania in connection with the sale of the unregistered securities of the Haverford Group. On February 2, 2016, according to FINRA Public Disclosure Records, Smith was discharged or terminated by Bolton Global […]

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Mid Atlantic Capital Corporation Nailed For Failure To Supervise

April 20, 2017  |   Posted by :   |   Selling Away, Strategic Return Notes   |   0 Comments

Mid Atlantic Capital Corporation, a brokerage firm headquartered in Pittsburgh, Pennsylvania, has been censured and fined $100,000.00 by Financial Industry Regulatory Authority (FINRA) based upon the firm’s consent to findings that it failed to supervise the private securities transactions that two stockbrokers engaged in. Letter of Acceptance, Waiver and Consent, No. 2013039024401 (Apr. 6, 2017). […]

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General Securities Corp Stockbroker Barred By Regulator

April 20, 2017  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Becky Vee Halphin, of North Kansas City, Missouri, a stockbroker formerly registered with General Securities Corp., has been barred from registering as a broker-dealer representative or investment adviser representative in the State of Missouri based upon a Missouri Commissioner of Securities Consent Order containing findings that she engaged in unethical and dishonest business activities. In […]

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Colorado Financial Service Stockbroker Expelled for Selling Away

April 20, 2017  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Tracy Rae Turner, of Carlsbad, California, a stockbroker formerly associated with Colorado Financial Service Corporation, has been fined $272,879.04 and barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon a FINRA Office of Hearing Officers Default Decision containing findings that Turner effected unauthorized private securities transactions and made […]

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First Allied Securities Named In FINRA Securities Arbitration

April 20, 2017  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Andrew Raymond Scheirer II, of Lake Mary, Florida, a stockbroker formerly registered with First Allied Securities, has been named in a customer initiated investment related arbitration claim, which settled on July 18, 2016, for $30,000.00 in damages based upon allegations that Scheirer defrauded the customer, breached his contractual duties, and effected private equity transactions in […]

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Commonwealth Financial Network Stockbroker Barred

April 11, 2017  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Lloyd Henry Dotson, of New Canaan, Connecticut, a stockbroker formerly registered with Commonwealth Financial Network, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate in a FINRA investigation into allegations that he engaged in outside business activities without […]

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Waddell’s Moons Barred For Moonlighting

April 11, 2017  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Neal Charles Moon, and Natalie E. Fogiel Moon, of Dallas, Texas, stockbrokers formerly registered with Waddell & Reed, have been sanctioned by Financial Industry Regulatory Authority (FINRA) pursuant to an Office of Hearing Officers Order Accepting Offer of Settlement containing findings that the Moons, inter alia, engaged in private securities transactions. Department of Enforcement v. […]

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Gold Coast Securities Stockbroker Investigated For Fraud

April 11, 2017  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Joseph C. Farah, of Irvine, California, a stockbroker formerly registered with Gold Coast Securities, Inc., has been named in a Financial Industry Regulatory Authority (FINRA) investigation, wherein FINRA recommended disciplinary action to be taken against Farah based upon allegations that Farah potentially violated Securities Exchange Act of 1934 Section 10(b), SEC Rule 10b-5, FINRA Rules […]

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International Assets Advisory Broker Barred In Investigation

April 10, 2017  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Norman Kirby Farra, Junior, of Tampa, Florida, a stockbroker formerly registered with International Assets Advisory, LLC, has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate in a FINRA investigation into allegations of his involvement in undisclosed private […]

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TGP SecuritiesFined For Failure To Supervise

April 10, 2017  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

TGP Securities, Inc., a brokerage firm headquartered in Summit, New Jersey, has been censured and fined $10,000.00 by Financial Industry Regulatory Authority (FINRA) based upon consenting to findings that the firm failed to appropriately supervise private securities transactions effected by two of the firm’s registered representatives. Letter of Acceptance, Waiver and Consent, No. 2015043159502 (Mar. […]

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Mutual Service Corporation Stockbroker Caught Selling Away

March 21, 2017  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Akio Lawrence Bley, of Bala Cynwyd, Pennsylvania, a stockbroker formerly registered with Mutual Service Corporation, 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 Bley sold away from his firm. Letter of Acceptance, Waiver and Consent, No. 2014040860301 (Jan. […]

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CoreCap Investments Stockbroker Discharged

March 16, 2017  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Ernest Julius Romer III, of Sterling Heights, Michigan, a stockbroker registered with CoreCap Investments, Inc., has been terminated from employment on January 20, 2017, based upon allegations that he violated the firm’s policies relating to his undisclosed outside business activities and transactions in customer accounts. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that on […]

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Merrill Lynch Stockbroker Sanctioned For Selling Away

March 08, 2017  |   Posted by :   |   Promissory Notes, Selling Away, Stockbroker Fraud News   |   0 Comments

Joshua David Stamm, of Lynchburg, Virginia, a stockbroker formerly registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has been fined $10,000.00, prohibited from working in a supervisory capacity, and placed on heightened supervision based upon a Virginia State Corporation Commission Division of Securities Order containing allegations that Stamm engaged in outside business activities without […]

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Northland Securities Stockbroker Barred

Nicholas H. Shermeta, of Minneapolis, Minnesota, a stockbroker formerly registered with Northland Securities, Inc., has been permanently barred by the Securities and Exchange Commission (SEC) from working as an investment adviser or broker, or associating with any firm which provides investment advice or sells securities to the public, according to an Order Instituting Administrative And […]

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Beaconsfield Financial Services Censured For Failure To Supervise

March 08, 2017  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Beaconsfield Financial Services, Inc., a broker-dealer headquartered in Canonsburg, Pennsylvania, has been censured and fined $12,500.00 by Financial Industry Regulatory Authority (FINRA) based upon consenting to findings that the firm failed to supervise private securities transactions facilitated by one of the firm’s registered representatives. Letter of Acceptance, Waiver and Consent, No. 2016047658101 (Feb. 27, 2017). According […]

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Morgan Stanley Stockbroker Suspended For Selling Away

March 08, 2017  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Patrick Dennis Combs, of Houston, Texas, a stockbroker formerly registered with Morgan Stanley, has been fined $7,500.00 and suspended for seven months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he participated in private securities transactions, and concealed these activities from his firm. Letter […]

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Ameriprise Financial Services Stockbroker Suspended

March 07, 2017  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

John Scott Elliott, of Overland Park, Kansas, a stockbroker formerly registered with Ameriprise Financial Services, Inc., has been fined and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to respond to a FINRA information request. Letter No. 2016051253201 (Dec. 1, 2016). […]

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LPL Financial Sued for Stockbroker Theft

March 07, 2017  |   Posted by :   |   Selling Away, Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Joshua Daniel Mosshart, of Westlake Village, California, a stockbroker formerly registered with LPL Financial LLC, has been named in a customer initiated investment related arbitration claim on February 2, 2017, in which the customer requested $50,000.00 in damages based upon allegations that Mosshart solicited the customer to invest in products were not approved by LPL […]

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American Portfolios Financial Services Stockbroker Suspended For Selling Away

February 14, 2017  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Jeremy T. Monte, of Fairport, New York, a stockbroker formerly registered with American Portfolios Financial Services, 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 partook in outside business activities and private securities transactions which his firm did […]

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Waddell Reed Stockbrokers Charged With Selling Away

February 13, 2017  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Neal Charles Moon, and Natalie E. Fogiel Moon, both of Dallas, Texas, and stockbrokers formerly registered with Waddell & Reed, have been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that the individuals effected unauthorized private securities transactions. Department of Enforcement v. Moon et al., No. 2015046926801(July 8, 2016). […]

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PFS Investments Sued by Customer for Selling Away

Perry De Leeuw, of Duluth, Georgia, a stockbroker formerly registered with PFS Investments Inc., has been named in a customer initiated investment related arbitration claim on December 5, 2016, in which the customer requested $100,000.00 in damages based upon allegations that Leeuw took possession of a customer’s funds in connection with an outside business activity […]

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LPL Financial LLC Stockbroker Barred For In Investigation

February 01, 2017  |   Posted by :   |   Selling Away, Stockbroker Fraud   |   0 Comments

Alfred Talens Jr., of Indianapolis, Indiana, a stockbroker formerly registered with LPL Financial LLC, has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Talens failed to provide FINRA personnel with a response to a request for Talens’ information. Case No. 2015044377301 (Oct. 13, […]

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Merrill Lynch Stockbroker Terminated For Selling Away

February 01, 2017  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Patrick J. Sands, of Quincy, Massachusetts, a stockbroker formerly registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated, was terminated from employment on November 19, 2015, based upon allegations that he sold securities outside the auspices of his firm, which was a violation of his firm’s policies. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals […]

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Invest Financial Corporation Named In Customer Lawsuit

January 25, 2017  |   Posted by :   |   FINRA Securities Arbitration, Selling Away   |   0 Comments

David L. Ferland, of York, Maine, a stockbroker formerly registered with Invest Financial Corporation, has been named in a customer initiated investment related civil action, which settled on July 26, 2016, for $749,804.03 in damages based upon allegations that Ferland misled the customer regarding the purchase of an unsuitable annuity transaction, a home equity loan, […]

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LaSalle Street Securities Stockbroker Barred In Investigation

January 19, 2017  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Thomas E. Stamborski, of Palatine, Illinois, a stockbroker formerly registered with LaSalle Street Securities, L.L.C., has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon Stamborski’s consent to findings that he failed to cooperate with a FINRA investigation into allegations that he engaged in unauthorized outside […]

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Oppenheimer Named In Customer Securities Arbitrations Involving Selling Away

Zahir Walji, of Austin, Texas, a stockbroker formerly registered Oppenheimer & Co. Inc., was named in two customer initiated investment related arbitration claims between June 6, 2010, and June 10, 2016, in which the customers collectively requested $1,640,000.00 in damages based upon allegations that Walji was liable to customers who had not received repayment of […]

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LPL Financial Stockbroker Barred For Obstructing Investigation

January 19, 2017  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Brian David Smit, of Sioux Falls, South Dakota, a stockbroker formerly registered with LPL Financial LLC, has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he failed to cooperate in a FINRA investigation into allegations that Smit took part in private […]

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WRP Investments Stockbroker Fined For Unsuitable Investment Recommendations

January 13, 2017  |   Posted by :   |   Selling Away, Suitability   |   0 Comments

John Paul Corsi, of Parma, Ohio, a stockbroker formerly registered with WRP Investments, has been fined $20,000.00 and suspended for twenty months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he participated in an undisclosed outside business activity and private securities transaction, and made […]

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Regal Securities Fails To Supervise Outside Business Activities

January 13, 2017  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Regal Securities, a broker-dealer headquartered in Glenview, Illinois, has been censured and fined $25,000.00 by Financial Industry Regulatory Authority (FINRA) based upon consenting to findings that the firm failed to supervise the evaluation and authorization of outside business activities. Letter of Acceptance, Waiver and Consent, No. 2015043657202 (Dec. 21, 2016). According to the AWC, in […]

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Morgan Stanley Stockbroker Terminated For Selling Away

January 05, 2017  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Jaime Hazael Aguilar, of San Diego, California, a stockbroker previously registered with Morgan Stanley Smith Barney, LLC, has been fired by his firm on May 10, 2016, based upon allegations that Aguilar was involved with a customer in pursuing a financial transaction outside the auspices of Morgan Stanley. FINRA Public Disclosure reveals that Aguilar has […]

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ProEquities Named In FINRA Arbitration Alleging Unsuitability

Raymond Willis Harrison, a stockbroker formerly associated with ProEquities, Inc. has been named in a customer initiated investment related arbitration claim on October 12, 2016, in which the customer has requested $603,000.00 in damages based upon allegations that Harrison made omissions to the customer concerning investments, did not conduct a reasonable level of due diligence […]

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Raymond James Financial Services Stockbroker Terminated For Selling Away

January 05, 2017  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Michael Murphy Hurtgen, of Greenwood Village, a stockbroker formerly registered with Raymond James Financial Services, Inc., was terminated by his firm and affiliate Raymond James Financial Services Advisors, Inc. on February 23, 2016, based upon allegations that he solicited investors’ interest in a private placement. The firm indicated that the private placement was connected to […]

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Investacorp Stockbroker Terminated For Violating Investment Policies

January 05, 2017  |   Posted by :   |   Selling Away   |   0 Comments

Theodore Michael Jenkin, a stockbroker from Alpharetta, Georgia, was terminated from his employer, Investacorp, Inc. based upon allegations that Jenkin did not abide by his firm’s procedures and policies concerning investments not authorized by the firm for Jenkin to sell to his customers. Since September 10, 2015, Jenkin has been registered with Kestra Investments Services, […]

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LaSalle Street Securities Stockbroker Barred For Selling Away

January 03, 2017  |   Posted by :   |   Securities Fraud, Selling Away, Stockbroker Fraud News   |   0 Comments

Joel Martin Weiner, of Boyton Beach, Florida, a stockbroker formerly associated with LaSalle Street Securities L.L.C., has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in unauthorized outside business activities. Letter of Acceptance, Waiver and Consent, No. 2015044783402 (Dec. 21, […]

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Cetera Advisors Stockbroker Barred In Investigation

January 03, 2017  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Kenneth Alan Balser, of Colorado Springs, Colorado, a stockbroker formerly registered with Cetera Advisors, has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate in a FINRA investigation into allegations of Balser’s participation in private securities transactions or […]

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Another Stockbroker In Private International Wealth Management Scam

December 17, 2016  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Dennis Anthony Edmonds, of Wilmington, North Carolina, a stockbroker formerly registered with J.P. Turner & Company, L.L.C., was suspended for eleven months 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. […]

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Morgan Stanley Stockbroker Barred In Investigation

December 17, 2016  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Brian Carey Sak, of Deerfield, Illinois, a stockbroker formerly registered with Morgan Stanley, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he obstructed a FINRA investigation into allegations that Sak engaged in selling away or the unauthorized solicitation of a firm customer […]

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US Bancorp Stockbroker Barred For Selling Away

November 30, 2016  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

John S. Hudnall, of San Francisco, California, a stockbroker formerly registered with U.S. Bancorp Investments and Bancwest Investments Services, Inc., was permanently barred by Financial Industry Regulatory Authority (FINRA) Department of Enforcement per an Office of Hearing Officers’ Order Accepting Offer of Settlement containing findings that Hudnall engaged in unauthorized private securities transactions or selling […]

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LPL Financial Stockbroker Barred In Investigation

November 29, 2016  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Dominic Thomas DeBruin, of Mesa, Arizona, a stockbroker registered with LPL Financial LLC, has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that DeBruin failed to cooperate in a FINRA investigation into allegations that DeBruin engaged in unauthorized private securities transactions or […]

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Western International Securities Stockbroker Charged In Investigation

November 29, 2016  |   Posted by :   |   Promissory Notes, Selling Away, Stockbroker Fraud News   |   0 Comments

Dawn Bennett, of Washington, District of Columbia, a stockbroker formerly associated with Western International Securities, has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that Bennett failed to cooperate in a FINRA investigation into allegations that she potentially engaged in unauthorized private securities transactions or selling away, committed […]

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Avenir Financial Group Named In Customer Fraud Arbitration

November 29, 2016  |   Posted by :   |   Selling Away, Stockbroker Fraud, Stockbroker Fraud News   |   0 Comments

Richard Gomez, of New York, New York, a stockbroker formerly associated with Avenir Financial Group, has been subject to a customer initiated investment related arbitration claim on July 11, 2016, in which the customer requested $100,000.00 in damages based upon allegations that Gomez breached his fiduciary and contractual duties, and sold fraudulent investments to the […]

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LPL Financial LLC Stockbroker Barred For Selling Away

November 18, 2016  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Joseph A. Likens, of Des Peres, Missouri, a stockbroker formerly registered with LPL Financial 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 Likens participated in unauthorized private securities transactions or […]

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Colorado Financial Service Stockbroker Charged With Selling Away

November 18, 2016  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Tracy Turner, of Carlsbad, California, a stockbroker previously registered with Colorado Financial Service Corporation, was charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that Turner effected unauthorized private securities transactions or selling away, and made misrepresentations to customers in connection with such. Department of Enforcement v. Tracy Turner, No. 2015047883501 (Nov. 3, 2016). […]

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Accelerated Capital Group Officer Named In Customer Arbitrations Alleging Failure To Supervise

Janet Ross, of Irvine, California, the chief compliance officer and a registered principal of  Accelerated Capital Group, was named in a pending customer initiated investment related arbitration claim on September 15, 2016, in which the customer requested $400,000.00 in damages based upon allegations that Ross failed to supervise the sales of promissory notes to the […]

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Raymond James Stockbroker Suspended For Selling Away

November 02, 2016  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Richard Sampley, of Atlanta, Georgia, a stockbroker formerly registered with Raymond James & Associates, Inc., was fined $15,000.00 and suspended for ten 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. […]

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Another Coastal Equities Stockbroker Caught Stealing

Michael Donnelly, of Lecanto, Florida, a stockbroker formerly associated with Coastal Equities, Inc., was named in a pending customer initiated investment related arbitration claim on July 1, 2016, in which the customer has requested $53,183.00 in damages based upon allegations against Donnelly of misappropriating the customer’s assets that the customer provided him for investment opportunities. […]

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JP Morgan Securities Stockbroker Suspended For Selling Away

October 15, 2016  |   Posted by :   |   Selling Away, Stockbroker Fraud, Stockbroker Fraud News   |   0 Comments

Nathan A. Majors, of South Holland, Illinois, a stockbroker with J.P. Morgan Securities LLC, was fined $5,000.00 and suspended for four months 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 which were not permitted by his firm. Letter […]

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Signator Investors Stockbroker Suspended For Selling Away

October 15, 2016  |   Posted by :   |   Selling Away, Stock manipulation, Stockbroker Fraud   |   0 Comments

Feisal A. Malik, of Allentown, Pennsylvania, a stockbroker with Signator Investors, 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 engaged in unauthorized outside business activities. Letter of Acceptance, Waiver and Consent, No. 2016048783301 (Sept. 30, 2016). According […]

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New England Securities Broker Banned for Sale of Fake Investments

September 27, 2016  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

James Paul Kolf, of Middleton, Wisconsin, a stockbroker with New England Securities, was barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he made fraudulent misrepresentations to customers. Letter of Acceptance, Waiver and Consent, No. 2016050940701 (Sept. 6, 2016). According to the AWC, from October […]

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Hawaiian Real Estate Scam Results in Supervisors Suspension For Failure To Supervise

September 27, 2016  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Michael Scott Lincoln, of San Diego, California, a stockbroker with LPL Financial, was fined $15,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he failed to supervise unauthorized outside business activities and unauthorized loans, and falsified statements to his firm. Letter of Acceptance, […]

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E Trade Securities Stockbroker Suspended For Making Bad Bets

September 27, 2016  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Steven Mark Newman, of Houston, Texas, a stockbroker with E*Trade Securities LLC, was fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity per a FINRA Office of Hearing Officers’ Order Accepting Offer of Settlement containing findings that Newman engaged in unauthorized outside business activities. Department of […]

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LPL Financial Stockbroker Suspended For Selling Away

September 16, 2016  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Russel Leo Sadler, of Plymouth, Massachusetts, a stockbroker with LPL Financial, LLC, was fined $25,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity for twelve months after consenting to findings that he engaged in unauthorized private securities transactions. Letter of Acceptance, Waiver and Consent, No. 2014039725301 (Sept. […]

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Boenning Scattergood Censured For Failure To Supervise

September 09, 2016  |   Posted by :   |   Failure To Supervise, Selling Away, Stockbroker Fraud News   |   0 Comments

Boenning & Scattergood, Inc., headquartered in West Conshohocken, Pennsylvania, was fined $100,000.00 and censured for, inter alia, failing to adequately supervise private securities transactions as well as consolidates reports. Letter of Acceptance, Waiver and Consent, No. 2014038906401 (Aug. 24, 2016). According to the AWC, between April 25, 2011, and March 13, 2014, a registered representative […]

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JJB Hilliard WL Lyons Stockbroker Suspended For Selling Away

September 08, 2016  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Adam Denny Estes, of Bloomington, Indiana, a stockbroker with J.J.B. Hilliard, W.L. Lyons, LLC, was fined $15,000.00 and suspended for fifteen months from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he engaged in private securities transactions and outside business activities, and made misstatements to […]

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LPL Financial LLC Stockbroker Suspended For Private Securities Transactions

August 25, 2016  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Michael J. Barranco, of Montgomery, Alabama, a stockbroker with LPL Financial, LLC, was fined $20,000.00 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 the unauthorized participation of private securities transactions. Letter of Acceptance, Waiver and Consent, […]

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First American Securities Stockbroker Suspended For Lying

August 25, 2016  |   Posted by :   |   Selling Away, Stockbroker Fraud News, Unregistered Securities   |   0 Comments

Thomas J. Brenner, Jr., of Orrville, Ohio, a stockbroker with First American Securities, Inc., was fined $30,000.00 and suspended for sixteen months from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he made misrepresentations and unsuitable recommendations with regard to private placement transactions. Letter of […]

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JP Morgan Stockbroker Barred In Investigation

August 17, 2016  |   Posted by :   |   Failure To Supervise, Selling Away, Stockbroker Fraud News   |   0 Comments

James Earl Mahan, of Braunfels, Texas, a stockbroker with J.P. Morgan Securities LLC, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm after consenting to findings that he obstructed a FINRA investigation into allegations of his unauthorized outside business activities. Letter of Acceptance, Waiver and Consent, No. 2015047115101 (July 25, […]

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Securities Equity Group Stockbroker Suspended For Selling Away

J. Randall Gladden of El Cajon, California, a stockbroker with Securities Equity Group, was fined $15,000.00 and suspended for twelve months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity per an Office of Hearing Officers’ Order Accepting Offer of Settlement containing findings that Gladden had engaged in unauthorized private securities […]

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Ameritas Investment Corporation Stockbroker In Investigation

Nathan Silva, of Omaha, Nebraska, a stockbroker with Ameritas Investment Corp., was barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he obstructed a FINRA investigation into allegations of misconduct against him. Letter of Acceptance, Waiver and Consent, No. 20140426897-01 (July 8, 2016). According to […]

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Altoona Pennsylvania Stockbroker Alleged to Have Sold Fake Investments

The Guiliano Law Group, P.C.  has filed a securities arbitration claim before the Financial Industry Regulatory Authority or FINRA, against Next Financial Group, Inc., in connection with the sale of unregistered securities, by its former registered representative, Douglas P. Simanski in violation of the federal securities laws and the Pennsylvania Securities Act of 1972,  and […]

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Freedom Investors Corporation Stockbroker Barred For Outside Business Activities

June 30, 2016  |   Posted by :   |   Selling Away, Stockbroker Fraud, Stockbroker Fraud News   |   0 Comments

Arthur Espinoza, of Vero Beach, FL, a stockbroker with Freedom Investors Corporation, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he engaged in outside business activities, misrepresented documents to his firm, and failed to cooperate in a FINRA investigation into his misconduct. […]

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Constellation Wealth Advisors LLC Stockbroker Barred For Selling Away

June 30, 2016  |   Posted by :   |   Selling Away, Stockbroker Fraud, Stockbroker Fraud News   |   0 Comments

Brandon D. Gioffre, of New York, New York, a stockbroker with Constellation Wealth 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 engaged in unauthorized private securities transactions. Letter of Acceptance, Waiver and Consent, No. 2015046448701 (June 22, 2016). […]

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Wells Fargo Stockbroker Charged With Recommending Unsuitable Securities

June 30, 2016  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Dennis Mark Adam Merritt, of Clearwater, Florida, a stockbroker with Wells Fargo, was suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity pursuant to an Order Accepting Offer of Settlement containing findings that Merritt engaged in private securities transactions, made unsuitable recommendations to investors, and falsified information to Wells Fargo […]

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Legend Securities Stockbroker Barred for Selling Away

June 30, 2016  |   Posted by :   |   Selling Away, Stockbroker Fraud News, Suitability   |   0 Comments

Richard Gomez, of New York, New York, a stockbroker with Legend Securities, Inc., was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity in connection with a Hearing Panel Decision containing findings that Gomez engaged in private securities transactions, and made unsuitable recommendations to investors. Department of Enforcement […]

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Park Avenue Securities Stockbroker Barred In Investigation

Lizabeth Gotuaco Ty of Houston, Texas, a stockbroker with Park Avenue Securities LLC, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that she obstructed a FINRA investigation into allegations of her involvement in unregistered securities sales. Letter of Acceptance, Waiver and Consent, No. […]

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Cherry Hill LPL Financial Stockbroker Suspended For Selling Away

June 08, 2016  |   Posted by :   |   Failure To Supervise, Selling Away, Stockbroker Fraud News   |   0 Comments

Justin K. Wine, of Cherry Hill, New Jersey, a stockbroker with LPL Financial LLC, was fined $12,500.00 and suspended for two 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. 2012033934201(May […]

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Wells Fargo Stockbroker Suspended For Outside Business Activities

May 26, 2016  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Paul Anthony Akre, of Waukesha, Wisconsin, a stockbroker with Wells Fargo Advisors, LLC, was fined $15,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he engaged in unauthorized outside business activities, a private securities transaction, and improper loans with customers. […]

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Crown Capital Securities Stockbroker Barred In Investigation

May 26, 2016  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Eric Kuchel, of Brea, California, a stockbroker with Crown Capital Securities, L.P., was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member per a Default Decision from FINRA’s Department of Enforcement containing findings that Brea failed to cooperate in a FINRA investigation into Kuchel’s alleged private securities transactions. Department of Enforcement v. […]

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Alexander Capital Stockbroker Suspended For Outside Business Activities

Peyton Nelson Jackson, of New York, New York, was fined $20,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member firm after consenting to findings that he engaged in unauthorized outside business activities. Letter of Acceptance, Waiver and Consent, No. 2012032095801 (Apr. 28, 2016). According to the AWC, FINRA launched […]

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Casimir Capital Stockbroker Suspended For Unauthorized Private Securities Transactions

May 26, 2016  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Steven Silver, of New York, New York, a stockbroker with Casimir Capital L.P., was fined $10,000.00 and suspended for six months from associating with a Financial Industry Regulatory Authority (FINRA) member in any capacity, and disgorged of $40,000.00 in connection with an Order Accepting Offer of Settlement containing findings that Silver engaged in unauthorized private […]

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Source Capital Group Stockbroker Barred In Investigation

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

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US Bancorp Stockbroker Charged With Unsuitable Recommendations

John S. Hudnall, of San Francisco, California, a stockbroker with U.S. Bancorp Investments and Bancwest Investments Services, Inc., was charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that Hudnall engaged in unauthorized private securities transactions, unsuitable recommendations, and made false representations to FINRA regarding his misconduct. Department of Enforcement […]

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Cambridge Investment Research Stockbroker Caught Selling Away

May 06, 2016  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Jeffrey C. Borneman, of Lancaster, Kentucky, a stockbroker with Cambridge Investment Research, was fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he engaged in an unauthorized private securities transaction. Letter of Acceptance, Waiver and Consent, No. 2015044368901 (Apr. 22, 2016). According […]

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Royal Alliance Associates Stockbroker Caught Selling Away

May 06, 2016  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Frank John Capuano, of Holyoke, Massachusetts, a stockbroker with Royal Alliance Associates, Inc., was fined $10,000.00 and suspended for a year from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he engaged in unauthorized private securities transactions. Letter of Acceptance, Waiver and Consent, No. 2015046273001 […]

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Merrill Lynch Stockbroker Barred In Stealing Investigation

Scott Muirhead, of Jacksonville, Florida, a stockbroker with Merrill Lynch, Pierce, Fenner & Smith, Inc., was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that Muirhead failed to comply with a FINRA investigation. Letter of Acceptance, Waiver and Consent, No. 20150447853-01 (Apr. 19, […]

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Merrill Lynch Stockbroker Suspended For Selling Away

Bruce William McNabb, of San Antonio, Texas, a stockbroker with Merrill Lynch, Pierce, Fenner & Smith, 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 an unauthorized private securities transaction. Letter of Acceptance, […]

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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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Dahl Suspended For Outside Business Activities

George Dahl, of New York, New York, a stockbroker with Newport Coast Securities, was fined $20,000.00 and suspended for nine months 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; placed unauthorized trades in a customer’s account; and […]

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Merrill Lynch Broker Suspended For Private Securities Transactions

John L. Shockey, of Shreveport, Louisiana, a stockbroker with Merrill Lynch, Pierce, Fenner & Smith, Inc., was fined $15,000.00; disgorged of $70,070.00; and suspended for one year from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he engaged in the participation of multiple unauthorized private […]

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LPL Financial Broker in Investigation

April 11, 2016  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Kevin J. Kuhlow, of Los Gatos, California, a stockbroker with LPL Financial LLC, was permanently barred from associating with any Financial Industry.  2016048430801 (Mar. 16, 2016). According to the AWC, LPL informed FINRA that it terminated Kuhlow on March 3, 2016, amid allegations of Kuhlow’s conduct of directing LPL’s customers to unapproved investments or selling away. FINRA […]

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Signator Investors Broker Suspended for Outside Business Activities

April 11, 2016  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Alfred K. Chan, of Oakland, California, a stockbroker with Signator Investors, Inc., was fined $10,000.00 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 outside business activities, and distributed unapproved and unbalanced sales materials to prospective customers. […]

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LPL Financial Stockbroker Barred in Selling Away Investigation

Brian David Smit, of Sioux Falls, South Dakota, a stockbroker with LPL Financial, 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 Smit engaged in unauthorized private securities transactions. Letter of […]

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Gilford Securities Broker Suspended For Selling Away

March 17, 2016  |   Posted by :   |   Selling Away, Stockbroker Fraud, Stockbroker Fraud News   |   0 Comments

Robert Kevin Connors, of New York, New York, a stockbroker with Gilford Securities Incorporated, was fined $10,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he engaged in unauthorized private securities transactions or selling away and unauthorized borrowing from a […]

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Goldman Sachs Stockbroker Suspended For Selling Away

March 17, 2016  |   Posted by :   |   Failure To Supervise, Selling Away, Stockbroker Fraud News   |   0 Comments

Lev Slootsky, of New York, New York, a stockbroker with Goldman, Sachs & Co., was fined $15,000.00 and suspended for one year from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he engaged in unauthorized private securities transactions and outside business activities. Letter of Acceptance, […]

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Morgan Stanley Stockbroker Charged With Selling Away

March 17, 2016  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Kenneth J. Mathieson, of New York, New York, a stockbroker with Morgan Stanley, was charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that Mathieson engaged in private securities transactions, outside business activities, and false compliance certifications. Department of Enforcement v. Mathieson, No. 2014040876001 (Mar. 3, 2016). According to the Complaint, […]

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TGP Securities Stockbroker Suspended For Selling Away

February 24, 2016  |   Posted by :   |   Failure To Supervise, Selling Away, Stockbroker Fraud News   |   0 Comments

Kevin Patrick Murphy of Summit, New Jersey, a stockbroker with TGP Securities, Inc., was fined $10,000.00 and suspended for twelve months from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he had engaged in unauthorized private securities transactions. Letter of Acceptance, Waiver and Consent, No. […]

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Ameriprise Financial Services Stockbroker Suspended For Private Securities Transactions

February 23, 2016  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

William Wesley Marshall of Plano, Texas, a stockbroker for Ameriprise Financial Services Inc., was fined $10,000.00 and suspended for fifteen 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. 2012033291204 (Feb. […]

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Cambridge Investment Research Stockbroker Suspended for Private Securities Transactions

February 12, 2016  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Sheldon Harber of St. Louis, Missouri, a stockbroker with Cambridge Investment Research, Inc., was fined $10,000 and suspended for four 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. 2014042539101 (Jan. […]

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Questar Capital Corporation Stockbroker Barred for Obstruction

February 12, 2016  |   Posted by :   |   Embezzlement, Selling Away, Stockbroker Fraud News   |   0 Comments

Kevin Donald Wanner of Bismarck, North Dakota, a stockbroker with Questar Capital Corporation, was barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any and all capacities after he consented to findings that he failed to cooperate with a FINRA investigation. Letter of Acceptance, Waiver and Consent, No. 2015048162701 (Jan. 11, 2016). […]

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LPL Financial Stockbroker Charged with Obstructing

Eric W. Kuchel of Brea, California, a stockbroker with LPL Financial LLC, was charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that Kuchel repeatedly delayed and failured to provide requested testimony in connection with a FINRA investigation into Kuchel’s alleged mutual fund transactions and private securities transactions. Department of […]

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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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Benjamin F. Edwards Stockbroker Suspended for Private Securities Transactions

Aon D. Miller of Chattanooga, Tennessee, a stockbroker with Benjamin F. Edwards & Company, was fined $50,000 and suspended for two years from association with any Financial Industry Regulatory Authority (FINRA) member per an FINRA Extended Hearing Panel Decision which contained findings that Miller engaged in private securities transactions without providing prior written notice to […]

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Fortune Securities Stockbroker Suspended for Failure to Supervise

January 04, 2016  |   Posted by :   |   Failure To Supervise, Selling Away, Stockbroker Fraud News   |   0 Comments

Yinyi Chen of Alhambra, California, a stockbroker with Fortune Securities, Inc., was fined $7,500.00 and suspended for thirty days from association with any Financial Industry Regulatory Authority (FINRA) member in any principal capacity after consenting to findings that she failed to supervise the investment-advisory activities of a Stockbroker’s private securities transactions. Letter of Acceptance, Waiver […]

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Comprehensive Asset Management Fined for Supervisory Failures

December 24, 2015  |   Posted by :   |   Annuity Schemes, Failure To Supervise, Selling Away   |   0 Comments

Comprehensive Asset Management and Servicing, Inc. (CAMS), headquartered in Parsippany, New Jersey, was censured and fined $475,000 by Financial Industry Regulatory Authority (FINRA) after consenting to findings that the firm had failed to meet supervisory obligations including 1) the review and retention of consolidated reports; 2) private securities transactions; and 3) variable annuities. Letter of […]

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Arjent Broker Barred for Obstructing Regulators

November 25, 2015  |   Posted by :   |   Misappropriation of Funds, Selling Away, Stockbroker Fraud News   |   0 Comments

Following both an SEC action and a criminal action, Joshua B. Gladtke of New York, New York, a registered representative formerly with Arjent LLC, was permanently barred by Financial Industry Regulatory Authority (FINRA) after he failed to appear for on-the-record testimony in connection with an investigation into Gladtke’s private securities transactions. Letter of Acceptance, Waiver […]

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Halcyon Cabot Partners Broker Barred for Securities Fraud

November 25, 2015  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Jason L. Reid of New York, NY, a registered representative with Halcyon Cabot Partners, Ltd., was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any and all capacities after consenting to findings that he sold securities by means of false and misleading information; acted as a principal and engaged in […]

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Source Capital Group stockbroker Suspended for Private Securities Transactions

November 25, 2015  |   Posted by :   |   Failure To Supervise, Selling Away, Stockbroker Fraud News   |   0 Comments

Joseph S. Hooper of Bowling Green, Kentucky, a stockbroker with Source Capital Group, LLC, was fined $5,000, disgorged of $62,500 in commissions, and suspended and fined for five months from association with any Financial Industry Regulatory Authority (FINRA) member per the terms of an Order Accepting Offer of Settlement containing findings that Hooper engaged in […]

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LPL Financial Broker Barred in Investigation into Business Activities

November 15, 2015  |   Posted by :   |   Failure To Supervise, Selling Away, Stockbroker Fraud News   |   0 Comments

Daniel Kasbar of Hollywood, Florida, a registered representative with LPL Financial, LLC, was permanently barred from association with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he failed to cooperate with a FINRA investigation into allegations that Kasbar engaged in undisclosed outside business activities. Letter of Acceptance, […]

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Titan Securities Broker Barred in Investigation into Business Activities

November 15, 2015  |   Posted by :   |   Customer Loans, Selling Away, Stockbroker Fraud News   |   0 Comments

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

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Northwestern Mutual Broker Fined for Outside Business Activities

November 15, 2015  |   Posted by :   |   Securities Fraud, Selling Away, Stockbroker Fraud News   |   0 Comments

Richard J. Rubin, Jr. of Stamford, Coonecticut, a registered representative for Northwestern Mutual, was fined $5,000 and suspended for fifteen days from association with any Financial Industry Regulatory Authority (FINRA) member firm in any and all capacities after consenting to findings that he engaged in an outside business activity without the written approval of his […]

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Transamerica Financial Advisors Stockbroker Barred In Investigation

Tracy Neal Wengert from Mesa, Arizona, a stockbroker with Transamerica Financial Advisors, Inc., was permanently barred from association with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he had failed to comply with FINRA’s investigation into allegations against Wengert, including that he opened brokerage accounts outside of his […]

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Carlton Associates Stockbroker Barred In Fraud Investigation

Randy Warren Burke of Hickory, North Carolina, a stockbroker with Synergy Investment Group, LLC, Capital Investment Group, Inc., and most recently Carlton & Associates, Inc., was permanently barred in all capacities from associating with any Financial Industry Regulatory Authority (FINRA) member after consenting to findings that he participated in private securities transactions that were not […]

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Uhlmann Price Securities Stockbroker Barred for Obstructing Investigation

November 03, 2015  |   Posted by :   |   Failure To Supervise, Selling Away, Stockbroker Fraud News   |   0 Comments

Clifford Morgan from Chicago, Illinois, a stockbroker with Uhlmann Price Securities, LLC, was barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he had engaged in private securities transactions without approval from his firm; made material misrepresentations to firm customers; and failed to fully and […]

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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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Newport Coast Securities Stockbroker Suspended for Private Securities Transactions

Aaron Heimowitz, a Stockbroker with Newport Coast Securities, was suspended from association with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity for a period of seven months and fined $15,000 after consenting to findings that Heimowitz participated in private securities transactions and outside business activities in violation of firm policies. Letter of […]

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Cetera Financial Stockbroker Suspended for Outside Business Activities

John Thomas Oates, Jr., a Stockbroker with Cetera Financial Specialists LLC, was suspended from association with any Financial Industry Regulatory Authority (FINRA) member in any and all capacities for six months and fined $10,000 after consenting to findings that Oates engaged in outside business activities in violation of his firm’s policies. Letter of Acceptance, Waiver, […]

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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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Morgan Stanley Stockbroker Suspended for Private Securities Transactions

October 05, 2015  |   Posted by :   |   Failure To Supervise, Selling Away, Stockbroker Fraud News   |   0 Comments

Sylvester King Jr., a Stockbroker with Morgan Stanley Smith Barney LLC, was suspended from association with any Financial Industry Regulatory Authority (FINRA) member in any and all capacities for eighteen months and fined $35,000 after consenting to findings that he circumvented his firm’s policies and procedures, made an unauthorized loan to a customer, and engaged […]

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IBN Financial Services Broker Barred in Selling Away Investigation

September 30, 2015  |   Posted by :   |   Failure To Supervise, Selling Away, Stockbroker Fraud News   |   0 Comments

Brian Scott Exford, a registered representative with IBN Financial Services, Inc., was permanently barred from association with any Financial Industry Regulatory Authority (FINRA) member in any and all capacities after failing to appear for on-the-record testimony in connection with an investigation into allegations that Exford engaged in a private securities transaction. Letter of Acceptance, Waiver, […]

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Questar Capital Corporation Broker Barred for Obstruction

Jeffrey A. Mohlman, a registered representative with Questar Capital Corporation, was permanently barred in all capacities from associating with any Financial Industry Regulatory Authority (FINRA) member after consenting to allegations that he had failed to cooperate with FINRA’s investigation into allegations that Mohlman engaged in unapproved and undisclosed private securities transactions. Letter of Acceptance, Waiver, […]

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LPL Financial Broker Barred for Lying to Investigators

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

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Rogue Broker Barred for Obstructing Investigation

Christopher Frederic Veale, a registered representative who worked at eighteen brokerage firms in 18 years, 7 of which were expelled by FINRA, was charged by the Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that Veal failed to provide written documentation, information, and on-the-record testimony concerning an investigation into potential violations of securities laws. […]

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FSC Broker Barred Sale of Unregistered Securities

James E. Scott, a registered representative with FSC Securities Corp., was permanently barred from associating with any Financial Industry Regulatory Authority in any and all capacities via terms of an Order Accepting Offer of Settlement containing allegations that Scott had aided and abetted an individual in the sale and recommendation of certain unauthorized securities transactions, […]

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Financial America Securities Stockbroker Barred In Investigation

September 01, 2015  |   Posted by :   |   Failure To Supervise, Selling Away, Stockbroker Fraud News   |   0 Comments

Richard Ernest Griffin of Cleveland Ohio, a former general securities representative with Financial America Securities, Inc., was permanently barred in any and all capacities with a FINRA regulated entity after failing to appear and provide testimony in connection with a FINRA investigation into Griffin’s outside business activities. FINRA Letter of Acceptance, Waiver, and Consent No. […]

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Transamerica Securities Broker Barred for Outside Business Activities

Bradley Claus of Greenwood Village, CO, a former securities broker with Transamerica Financial Advisors, Inc., was permanently barred from association with any FINRA-registered firm in all capacities after FINRA found that Claus had made material misrepresentations via his securities sales efforts, along with participating in private securities transactions not approved by his former firm, in […]

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Girard Securities Advisor Barred for Obstructing Investigation

September 01, 2015  |   Posted by :   |   Failure To Supervise, Selling Away, Stockbroker Fraud News   |   0 Comments

Kenneth E. Crosser of Ottumwa, Iowa, a former registered representative with Girard Securities, Inc., was permanently barred from association with any FINRA-registered firm in all capacities after failing to appear for on-the-record testimony in connection with FINRA’s investigation into allegations that Crosser engaged in sales of structured settlement cash flow instruments to multiple investors without […]

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FSC Securities Barred for Selling Away

FSC Securities is a “franchise” broker-dealer, purports to be America’s largest networks of independent advisors, with more than “1,500 financial advisors” operating from more than 238 geographically dispersed “independent” branch offices “across the United States. FSC Securities is also part of the AIG Advisory Group Barry G. Hartman Until March 2013, Barry G. Hartman was […]

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Signator Investors Broker Barred for Investment Scheme

August 26, 2015  |   Posted by :   |   Failure To Supervise, Selling Away, Stockbroker Fraud News   |   0 Comments

Signator Investors, Inc. former stockbroker James R. Glover of White Hall, Maryland has been found, pursuant to a final order issued by the United States Securities & Exchange Commission, to have defrauded at least 125 clients or brokerage customers in connection with the sale of the securities of Colonial Tidewater Realty Income Partners, LLC. Glover is […]

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LPL Financial Broker Sanctioned For Selling Away

August 26, 2015  |   Posted by :   |   Failure To Supervise, Selling Away, Stockbroker Fraud News   |   0 Comments

LPL purports to be “America’s No. 1 independent brokerage firm – with more than 17,601 registered representatives, based in 1,800 branch offices nationwide.” From at least August 2007 through sometime in 2012, Walter Chao was the branch manager of a San Mateo office of LPL Financial. According to FINRA According to the Financial Industry Regulatory […]

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Mellow Mushrooms Get LPL Financial Broker Barred

August 18, 2015  |   Posted by :   |   Failure To Supervise, Selling Away, Stockbroker Fraud News   |   0 Comments

Julius F. Kenney IV, formerly associated with the Calhoun Georgia office of LPL Financial, Inc., was barred last month by the Financial Industry Regulatory Authority for the failure to cooperate with FINRA in connection with the investment of $215,000 by one of his customers in his Mellow Mushroom business. Kenny Was Terminated by LPL Financial […]

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First Independent Financial Services Broker James Ham Barred

August 18, 2015  |   Posted by :   |   Failure To Supervise, Selling Away, Stockbroker Fraud News   |   0 Comments

Roy Rogers, a wholly owned subsidiary of the Marriot Host Corporation, is commonly known as the purveyor of the Double R Bar Burger, which in fact is a hamburger topped with ham. It is quite delicious, particularly when topped with Texas style barbeque sauce.   However, except at isolated rest stops on the New Jersey […]

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Equinox Securities and Staff Charged After Fraudulent Scheme Resulted in Massive Customer Losses

August 10, 2015  |   Posted by :   |   Failure To Supervise, Selling Away, Stockbroker Fraud News   |   0 Comments

Equinox Securities, a FINRA registered broker-dealer since April 2008 headquartered in Redlands, CA, offers general securities to the public via 27 FINRA registered representatives. The Firm, along with President/CCO Stephen Michael Oliveira, and registered representative Chris Blaine Palkowitsh, were charged by FINRA Department of Enforcement in a Complaint containing allegations that Palkowitsh and Equinox excessively […]

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Former Direct Participation Programs Rep Barred by FINRA for Failure to Cooperate with FINRA Investigation

August 10, 2015  |   Posted by :   |   Failure To Supervise, Selling Away, Stockbroker Fraud News   |   0 Comments

Matthew Joel Levitt of Redlands, CA, a former direct participation programs representative with Equinox Securities, Inc., was barred from association with any FINRA registered firm in all capacities after Levitt failed to cooperate with a FINRA investigation concerning Levitt’s offered and sale of securities while employed with Equinox in violation of NASD, FINRA, and federal […]

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Former Direct Participation Programs Rep Named in Complaint for Failure to Cooperate in FINRA Investigation

August 10, 2015  |   Posted by :   |   Selling Away, Stockbroker Fraud News   |   0 Comments

Lee R. Sobel of Redlands, CA, a former direct participation programs representative with Equinox Securities, Inc., was charged by FINRA Department of Enforcement in a Complaint containing allegations that Sobel failed to appear for an on-the-record interview in connection with FINRA’s investigation of Sobel’s offer and sale of private placements during his employment with Equinox […]

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NFP Advisor Services, LLC Fined $500,000 for Failure to Supervise Private Securities Transactions

August 03, 2015  |   Posted by :   |   Failure To Supervise, Selling Away, Stockbroker Fraud News   |   0 Comments

NFP Advisor Services, a FINRA member firm since 1997 headquartered in Austin, TX, conducts general securities business via 1,924 registered individuals and 673 branch offices. The firm, in proposing settlement of rule violations alleged by FINRA without admitting or denying the findings, consented to a FINRA censure and fine of $500,000 in connection with failing […]

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