Tag Archives: Shearson Financial Services LLC

Shearson Financial Broker Fined For Mismarking Orders

November 30, 2018  |   Posted by :   |   Failure To Supervise, Stockbroker Fraud News   |   0 Comments

Philip Jay Patlis of Boca Raton Florida a stockbroker currently registered with Shearson Financial Services LLC has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Patlis falsely represented that transactions executed in customer accounts were not solicited. Letter of […]

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Shearson Broker Suspended By FINRA For Mismarking Orders

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

Douglas Keith Ellman of Boca Raton Florida a stockbroker formerly employed by Shearson Financial Services LLC has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he mismarked thirty-five customers’ order tickets as having been unsolicited when the orders had […]

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Shearson Financial Services Fined For Unauthorized Trading

Shearson Financial Services, LLC, headquartered in Boca Raton, Florida, was censured and fined $100,000.00 by Financial Industry Regulatory Authority (FINRA) after consenting to findings that the firm’s personnel had engaged in unauthorized discretionary trading and mismarking of order tickets. Letter of Acceptance, Waiver and Consent, No. 2015043417501 (June 21, 2016). According to the AWC, FINRA […]

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