Selling away

Archive | Selling away

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 Firm 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 Firm 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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LPL Financial LLC Stockbroker Fired For Misconduct

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

David Garces, of Brooklyn, New York, a stockbroker registered with LPL Financial LLC, was terminated from employment on July 29, 2016, based upon allegations that he engaged in business activities outside the auspices of his firm; conduct which was violative of his firm’s procedures and policies. Guiliano Law Firm Our practice is limited to the […]

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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). […]

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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, […]

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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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Ameriprise Financial Services Stockbroker Terminated For Selling Away

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

Adam J. Ausloos, of Brookfield, Wisconsin, was terminated by his employer, Ameriprise Financial Services, Inc., based upon allegations that Ausloos engaged in conduct concerning private placement transactions and outside business activities which ran afoul of the company’s polices. FINRA Public Disclosure reveals that Ausloos was named in a customer initiated investment related arbitration claim on […]

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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. […]

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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 Suspended 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. 2014040338401 (Nov. 3, […]

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