Selling Away

Archive | Selling Away

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) […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

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. […]

Read More »

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) […]

Read More »

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) […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

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. […]

Read More »

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 […]

Read More »

LPL Fires Broker For Outside Business Activities

January 03, 2019  |   Posted by :   |   Customer Loans, Selling Away, Stockbroker Fraud News   |   0 Comments

Mark Thomas Lamkin of Louisville Kentucky a stockbroker formerly employed by LPL Financial LLC has been discharged by the firm on August 17, 2018 founded on accusations that (1) Lamkin took possession of customer funds or benefited from those funds through loans that were not approved by the firm (2) Lamkin failed to inform the […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

Royal Alliance Brokers Charged With Outside Business Activities

Charles Edwin Taylor, John Lodge Farmer and Jodi Oyler Padgett, all of Prescott Arizona and stockbrokers for Royal Alliance Associates Inc., have been charged by Financial Industry Regulatory Authority (FINRA) in a Complaint alleging that (1) Taylor, Farmer and Padgett engaged in unapproved outside business activities and (2) Taylor failed to supervise Farmer’s and Padgett’s […]

Read More »

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 […]

Read More »

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 […]

Read More »

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) […]

Read More »

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 […]

Read More »

Flying Cloud Broker Caught Selling Away

November 23, 2018  |   Posted by :   |   Promissory Notes, Selling Away, Stockbroker Fraud News   |   0 Comments

Luke Andrew Powell of San Francisco California a stockbroker formerly registered with Flying Cloud Securities LLC has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he sold away from his firm. Letter of Acceptance Waiver and Consent No. 2015045185501 […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 . […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

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, […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

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, […]

Read More »

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 […]

Read More »

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 […]

Read More »

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). […]

Read More »

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 […]

Read More »

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 […]

Read More »

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) […]

Read More »

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, […]

Read More »

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 […]

Read More »

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. […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

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. […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

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). […]

Read More »

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 […]

Read More »

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 […]

Read More »

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) […]

Read More »

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 […]

Read More »

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. […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

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. […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

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) […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

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. […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

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. […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »