Stock manipulation

Archive | Stock manipulation

Craig Scott Capital Broker Barred By FINRA

Craig Scott Taddonio of New York New York a stockbroker formerly employed by Craig Scott Capital LLC is referenced in a Financial Industry Regulatory Authority (FINRA) National Adjudicatory Council Decision which affirms FINRA’s Hearing Panel’s barring of Taddonio in all capacities based upon (1) Taddonio failing to reasonably supervise the firm and (5) Taddonio failing […]

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Massachusetts Requires Special Supervision of TFS Securities Broker

January 19, 2019  |   Posted by :   |   Stock manipulation, Stockbroker Fraud News   |   0 Comments

Brian Joseph Mulkeen of Monroe New York a stockbroker currently registered with TFS Securities Inc. is the subject of a Consent Order issued by Massachusetts Securities Division which required that he be placed on heightened supervision at TFS Securities Inc. as a condition of registering with the state based upon findings that Mulkeen was subject […]

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MHA Broker Barred For Failure To Respond To FINRA Request

October 22, 2018  |   Posted by :   |   Stock manipulation, Stockbroker Fraud News, Suitability   |   0 Comments

Kenneth Paul Mulvaney of Norwell Massachusetts a stockbroker formerly employed by MHA Financial Corp has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that Mulvaney failed to cooperate with FINRA’s information requests. Case No. 2016050424501 (Aug. 21, 2017). FINRA Public Disclosure reveals that Mulvaney was […]

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Investors Sue Woodstock Financial Group For Fraud

Stephen Mark Kiront of Garden City New York a stockbroker formerly employed by Woodstock Financial Group Inc. is the subject of a customer initiated investment related arbitration claim where the customer requested damages estimated at $100,000.00 founded on accusations including (1) negligent unjust enrichment (2) breach of contract (3) suitability (4) breach of fiduciary duty […]

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FINRA Investigates Wilson Davis Broker For Fraud

September 27, 2018  |   Posted by :   |   Stock manipulation, Stockbroker Fraud News   |   0 Comments

Craig Stanton Norton of Centennial Colorado a stockbroker currently registered with Wilson Davis Co. Inc. has been named in a Financial Industry Regulatory Authority (FINRA) investigation concerning allegations of Norton potentially defrauding investors. Case No. 20160488374 (July 12, 2018). FINRA has apparently concluded that it should bring a disciplinary action against Norton for allegedly engaging […]

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SEC Bars Ameritas Stockbroker For Securities Fraud

January 26, 2018  |   Posted by :   |   Stock manipulation, Stockbroker Fraud News   |   0 Comments

Abida Khan, also known as Sheik Firdosh Khan, of Passadena, California, a stockbroker formerly employed with Ameritas Investment Corp., has been permanently barred by the Securities and Exchange Commission (SEC) from acting as an investment adviser or broker, or associating with firms that provide investment advice or sell securities to the public, according to an […]

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SEC Bars Cambridge Broker For Market Manipulation

January 10, 2018  |   Posted by :   |   Stock manipulation, Stockbroker Fraud News   |   0 Comments

James David Goodland, of Plymouth, Indiana, a stockbroker formerly registered with Cambridge Investment Research, as well as president and chief compliance officer of Securus Wealth Management, LLC, has been fined $30,000.00 and barred by the Securities and Exchange Commission (SEC) from working in a compliance or supervisory capacity with any brokerage firm or investment advisory […]

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World Trade Financial Stockbroker Charged With Fraud

September 15, 2017  |   Posted by :   |   Stock manipulation   |   0 Comments

James Stewart Meagher, of New York, New York, a stockbroker formerly registered with World Trade Financial Corporation, has been charged by Financial Industry Regulatory Authority (FINRA) Department of Market Regulation in a Complaint alleging that he effected a fraudulent investment scheme and obstructed a FINRA investigation into his trading activities. Department of Market Regulation v. […]

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Raymond James Broker Suspended For Suitability

August 17, 2017  |   Posted by :   |   Stock manipulation, Stockbroker Fraud News   |   0 Comments

Daniel E. Peltier, of Edina, Minnesota, a stockbroker formerly registered with Raymond James & Associates, Inc., has been fined $40,000.00 and suspended for ten months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in the manipulation of a stock, failed to conduct […]

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BMA Securities Stockbroker Barred By Regulator

April 25, 2017  |   Posted by :   |   Stock manipulation, Stockbroker Fraud News   |   0 Comments

Darren C. Goodrich, of El Segundo, California, a stockbroker and market maker formerly registered with BMA Securities LLC, has been barred by the Securities and Exchange Commission (SEC) from acting as an investment adviser, broker or associating with entities which sell securities or offer advice to the investor public according to an Order Instituting Administrative […]

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Lek Securities Corporation Charged With Market Manipulation

March 31, 2017  |   Posted by :   |   Stock manipulation, Stockbroker Fraud News   |   0 Comments

Lek Securities Corporation, a broker-dealer headquartered in New York, New York, along with the firm’s chief executive officer and part-owner, Samuel Lek, and former registered representative, Sergey Pustelnik, has been charged by the Securities and Exchange Commission (SEC) in a Complaint containing allegations that the firm, Lek and Pustelnik engaged in a market manipulation scheme […]

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Wells Fargo Advisors Stockbroker Barred For Fraud

November 02, 2016  |   Posted by :   |   Stock manipulation, Stockbroker Fraud, Stockbroker Fraud News   |   0 Comments

Donald Shelby Toomer, of Las Vegas, Nevada, a stockbroker formerly associated with Wells Fargo Advisors Financial Network, LLC, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity per a FINRA Officer of Hearing Officers Expedited Hearing Panel Decision containing findings that Toomer refused to cooperate with a FINRA […]

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NYLife Securities Registered Representative Barred In Investigation

October 15, 2016  |   Posted by :   |   Annuity Schemes, Stock manipulation, Stockbroker Fraud   |   0 Comments

Amr Mostafa Aboulmagd, of Horsham, Pennsylvania, a registered representative for NYLife Securities LLC, was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he obstructed a FINRA investigation into allegations that he made unsuitable recommendations and misrepresentations to customers. Letter of Acceptance, Waiver […]

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Signator Investors Stockbroker Suspended For Selling Away

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

Feisal A. Malik, of Allentown, Pennsylvania, a stockbroker with Signator Investors, Inc., was fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity after consenting to findings that he engaged in unauthorized outside business activities. Letter of Acceptance, Waiver and Consent, No. 2016048783301 (Sept. 30, 2016). According […]

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Customer Misrepresentation Claim against WFG Investments

David W. Williams, of Dallas Texas, a stockbroker with WFG Investments, Inc., is subject to a pending customer dispute from March 14, 2016, in which the customer requested $2,780,000.00 in damages in connection with allegations against Williams of failing to conduct an adequate investigation into an investment, making misrepresentations to the customer, breaching his fiduciary […]

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Meyers Associates Broker Barred For Securities Fraud

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

George Johnson, of Chicago, Illinois, a stockbroker for Meyers Associates, L.P., was permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any capacity in connection with an Order Accepting Offer of Settlement containing findings that Johnson committed fraudulent market manipulation; fraudulent omission of material conflicts concerning purchases/sales of a security; […]

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GBS Financial Stockbroker Suspended Fraudulent Trading

November 03, 2015  |   Posted by :   |   Stock manipulation, Stockbroker Fraud, Stockbroker Fraud News   |   0 Comments

Scott Neal Glazer of Calabasas, CA, a stockbroker with GBS Financial Corp., was suspended from association with any Financial Industry Regulatory Authority (FINRA) member in all capacities for six months and fined $50,000 in connection with an Order Accepting Offer of Settlement containing findings that Glazer engaged in manipulative trading and caused the publication of […]

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