Blog Posts in May, 2012
Posted on May 25, 2012 By Michael Edmiston
The Financial Industry Regulatory Authority (FINRA) barred California registered general securities representative Rafael Ramon Sanchez from association with any member firm after Sanchez was found to ...
Continue reading "Rafael Ramon Sanchez Barred for Fraudulent Misconduct" »
Posted on May 24, 2012 By Michael Edmiston
The Financial Industry Regulatory Authority (FINRA) permanently barred California registered principal Timothy David Cochrane from association with any member firm after Cochrane was found to have ...
Continue reading "Timothy David Cochrane Permanently Barred for Fraudulent Investment Scheme" »
Posted on May 22, 2012 By Michael Edmiston
The Financial Industry Regulatory Authority (FINRA) has barred California registered representative Charles Oscar Boneck, Jr. from association with any member firm after Boneck engaged in multiple ...
Continue reading "Charles Oscar Boneck, Jr. Barred by FINRA for Unauthorized Transactions" »
Posted on May 22, 2012 By Michael Edmiston
The Financial Industry Regulatory Authority (FINRA) has barred Southern California broker-dealer Brett Reed Barber from association with any member firm after Barber became uncooperative with ...
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Posted on May 17, 2012 By Michael Edmiston
Midas Securities & Registered Principal Jay S. Lee Disciplined for Unlawful, Irresponsible Conduct The Financial Industry Regulatory Authority (FINRA) fined the firm Midas Securities, LLC $80,000 ...
Continue reading "Discipline: Midas Securities & Registered Principal Jay S. Lee Disciplined for Unlawful, Irresponsible Conduct" »
Posted on May 16, 2012 By Michael Edmiston
A Financial Industry Regulatory Authority (FINRA) arbitration panel ordered Wells Fargo Institutional Securities LLC to repurchase $2.2 million in auction rate securities from two investors and a ...
Continue reading "Arbitration: Wells Fargo Ordered to Buy Back $2.2 Million in Auction Rate Securities" »
Posted on May 4, 2012 By Michael Edmiston
A Financial Industry Regulatory Authority (FINRA) arbitration panel ordered JPMorgan Securities LLC of J.P. Morgan Chase & Co. to pay a client $1.9 million in compensatory damages as a result of ...
Continue reading "Arbitration: JPMorgan Chase & Co. Ordered to Pay Client $1.9 Million, Only a Fraction of $26.7 Million Claimed in Damages" »
Posted on May 1, 2012 By Michael Edmiston
On May 1, 2012, FINRA (The Financial Industry Regulatory Authority) announced that it sanctioned Citigroup Global Markets, Inc.; Morgan Stanley & Co., LLC; UBS Financial Services; and Wells Fargo ...
Continue reading "FINRA Sanctions Four Firms $9.1 Million for Improper Leveraged and Inverse ETF Sales" »