California Securities Fraud Attorney Call Today 800-699-1881
California Securities Fraud Lawyer Firm Overview Attorney Profiles Recoveries Obtained Frequently Asked Questions Testimonials Contact Us
information center
Attorney Advertising Disclaimer
Securities
Broker Misrepresentation
Brokerage Firms Sued
FINRA
Structured Products
Hedge Fund Losses
Recognizing Investment Losses
Recovery of Investment Loss
Securities Arbitration
Reverse Convertible
Misconduct
Securities Fraud
Securities Mediation
Securities Litigation
Stock/ Investment Losses
Suitability/ Unsuitability
Unauthorized Trading
Common Claims
Products
Frequently Asked Questions
Attorney Referrals
Video Center
securities fraud blog

Categories

legal blog Click here for a free case evaluation. Read our Articles on Securities Related Issues here. have a question resources
contact us
Name:
Email:
Phone:
Are you a new client?
Message:
10 Avvo avvo badge
If you need help recovering your losses contact us today. View our complete list of brokerage firms and banks we've sued.

Recent Posts in Anti-Money Laundering Category

27 results found. Viewing page 1 of 2. Go to page 1 2   Next

Glendale Securities (Sherman Oaks) Brokers Sanctioned in Penny Stock Misconduct

FINRA sanctioned Glendale Securities, Inc. and brokers George Alberto Castillo, Paul Eric Flesche, and Albert Raymond Laubenstein of the firm's Sherman Oaks, California branch, and Huanwei Huang ...
Continue reading "Glendale Securities (Sherman Oaks) Brokers Sanctioned in Penny Stock Misconduct" »

FINRA Fines Scottsdale Capital Advisors $1.5 Million, Bars John Hurry, Suspends Timothy DiBlasi & D Michael Cruz in Illegal $1.7 Million Cayman Islands Microcap Sales Scheme

An extended hearing panel charged with investigating allegations that Scottsdale Capital Advisors Corp. (Scottsdale, Arizona) and three top associates engaged in $1.7 million-worth of illegal microcap ...
Continue reading "FINRA Fines Scottsdale Capital Advisors $1.5 Million, Bars John Hurry, Suspends Timothy DiBlasi & D Michael Cruz in Illegal $1.7 Million Cayman Islands Microcap Sales Scheme" »

Ex-Morgan Stanley Rep John Bocchino Barred for Concealing $190 Million in Venezuelan Bond Trades

FINRA barred former Morgan Stanley Smith Barney broker John Batista Bocchino for hiding $190 million in Venezuelan bond trades from the firm by directing the trades through several nominee accounts ...
Continue reading "Ex-Morgan Stanley Rep John Bocchino Barred for Concealing $190 Million in Venezuelan Bond Trades" »

Former ACAP AML Compliance Officer Gary Hume Barred for Improper Unregistered Penny Stock Liquidation

FINRA barred former ACAP Financial Inc. (Salt Lake City, Utah) Anti-Money Laundering Compliance Officer, Gary Hume, in facilitating the liquidation of over 3.3 billion unregistered penny stock shares ...
Continue reading "Former ACAP AML Compliance Officer Gary Hume Barred for Improper Unregistered Penny Stock Liquidation" »

Credit Suisse Securities Fined $16.5 Million for Significant Supervisory Deficiencies in Detecting Suspicious Microcap Trades

FINRA fined Credit Suisse Securities (USA) LLC $16.5 million for anti-money laundering (AML), supervision, and other violations related to the firm's suspicious activity monitoring program ...
Continue reading "Credit Suisse Securities Fined $16.5 Million for Significant Supervisory Deficiencies in Detecting Suspicious Microcap Trades" »

FOG Equities Fined $60k, Brokers David Spack & Scott Epstein Fined and Suspended for AML, Due Diligence Failures in Penny Stock Transactions

FINRA censured and fined FOG Equities, LLC $60,000, and fined & suspended former FOG AML & Chief Compliance Officers David S. Spack of the firm's San Francisco, CA branch and Scott Noel ...
Continue reading "FOG Equities Fined $60k, Brokers David Spack & Scott Epstein Fined and Suspended for AML, Due Diligence Failures in Penny Stock Transactions" »

Raymond James Fined $17 Million for Systematic Anti-Money Laundering Failures

FINRA fined Raymond James & Associates, Inc. and Raymond James Financial Services a total of $17 million for widespread compliance failures related to anti-money laundering (AML) systems, issuing ...
Continue reading "Raymond James Fined $17 Million for Systematic Anti-Money Laundering Failures" »

Robert Richards Fined and Suspended Over Penny Stock Price Manipulation

FINRA suspended broker Robert E. Richards for allegedly aiding and abetting the price manipulation of the Fibrocell Science, Inc. penny stock by a trader at former FINRA-member firm John Carris ...
Continue reading "Robert Richards Fined and Suspended Over Penny Stock Price Manipulation" »

Irvine's Finance 500 Fined $400k, Multiple Brokers Banned over Penny Stock Sales

FINRA fined brokerage firm Finance 500, Inc. (Irvine, CA) $400,000 and barred a number of its former brokers over AML, supervisory, and other violations pertaining to failures in penny stock sales, ...
Continue reading "Irvine's Finance 500 Fined $400k, Multiple Brokers Banned over Penny Stock Sales" »

Cantor Fitzgerald Sanctioned $7.3 Million for Billions of Unregistered Microcap Sales, Supervisory & AML Failures

FINRA fined Cantor Fitzgerald & Co. $6 million and ordered nearly $1.3 in disgorgement in commissions and interest for selling billions of unregistered microcap shares, which is a violation of ...
Continue reading "Cantor Fitzgerald Sanctioned $7.3 Million for Billions of Unregistered Microcap Sales, Supervisory & AML Failures" »

FINRA Expels Halcyon Cabot Partners and Bars CEO Michael Morris, CCO Ronald Heineman for Fraud, Fee Kickback Scheme

FINRA expelled Halcyon Cabot Partners, Ltd. and barred executives Michael Morris and Ronald Heineman for fraud, sales practice abuses and supervisory/anti-money laundering (AML) failures, including an ...
Continue reading "FINRA Expels Halcyon Cabot Partners and Bars CEO Michael Morris, CCO Ronald Heineman for Fraud, Fee Kickback Scheme" »

FINRA Fines Aegis Capital $950,000 for Unregistered Penny Stock Sales and AML Violations

FINRA fined Aegis Capital Corp. $950,000 and suspended Chief and AML Compliance Officers Charles D. Smulevitz and Kevin C. McKenna for improperly selling unregistered penny stocks and for failing to ...
Continue reading "FINRA Fines Aegis Capital $950,000 for Unregistered Penny Stock Sales and AML Violations" »

FINRA Fines & Suspends Former Murphy & Durieu CCO Frede for Compliance Failures, Penny Stock Woes

FINRA suspended former Murphy & Durieu, L.P. Chief Compliance Officer Jonathan Harold Frede of Las Vegas and fined him $20,000 for multiple failures related to substandard supervisory systems at ...
Continue reading "FINRA Fines & Suspends Former Murphy & Durieu CCO Frede for Compliance Failures, Penny Stock Woes" »

BMA Securities Compliance Officer Dudley Muth Fined & Suspended for Inadequate AML Systems

FINRA suspended BMA Securities, Inc. Chief Compliance Officer Dudley Muth of Redondo Beach, California and fined him $20,000 for failing to establish, maintain and implement adequate supervisory ...
Continue reading "BMA Securities Compliance Officer Dudley Muth Fined & Suspended for Inadequate AML Systems" »

FINRA Fines, Suspends BMA Securities President Burt Martin Arnold for Compliance Failures

FINRA suspended BMA Securities President and owner Burt Martin Arnold of El Segundo, California for a series of compliance failures sustained by BMA while Arnold served in various compliance ...
Continue reading "FINRA Fines, Suspends BMA Securities President Burt Martin Arnold for Compliance Failures" »

Wells Fargo Advisors Fined $1.5 Million for Anti-Money Laundering Failures

FINRA fined Wells Fargo Advisors and Wells Fargo Advisors Financial Network a total of $1.5 million for anti-money laundering (AML) failures related to 220,000 new customer accounts created from 2003 ...
Continue reading "Wells Fargo Advisors Fined $1.5 Million for Anti-Money Laundering Failures" »

Wells Fargo Advisors Warned of Possible Action for Anti-Money Laundering Failures

FINRA warned Wells Fargo Advisors, LLC it is contemplating regulatory action for Wells Fargo's alleged anti-money laundering (AML) program failures, indicating the regulator may recommend ...
Continue reading "Wells Fargo Advisors Warned of Possible Action for Anti-Money Laundering Failures" »

FINRA Charges Wedbush Securities with Insufficient Controls, Leading to Manipulative Trades

FINRA accused Los Angeles-based Wedbush Securities of systematic market access violations and anti-money laundering ("AML") deficiencies, filing a complaint that charged Wedbush with failing ...
Continue reading "FINRA Charges Wedbush Securities with Insufficient Controls, Leading to Manipulative Trades" »

Douglas Frank Cmelik Fined & Suspended for Inaccurately Marked "Unsolicited" Penny Stock Sales

FINRA fined and suspended Ameriprise Financial, Inc. broker Douglas Frank Cmelik for allegedly improperly marking penny stock sales as unsolicited when, in fact, he solicited the purchases. FINRA Case ...
Continue reading "Douglas Frank Cmelik Fined & Suspended for Inaccurately Marked "Unsolicited" Penny Stock Sales" »

Girard Securities Fined for Supervisory Failures Concerning Fraud Prevention Tactics

FINRA fined San Diego, California-based Girard Securities, Inc. for failing to design systems, including written supervisory procedures (WSPs), to prevent fraudulent third party wire transfer ...
Continue reading "Girard Securities Fined for Supervisory Failures Concerning Fraud Prevention Tactics" »

Banorte-Ixe Securities Fined $475K for Anti-Money Laundering Program Failures

FINRA fined Banorte-Ixe Securities International, Ltd. $475,000 for inadequately addressing anti-money laundering (AML) systems and procedures. FINRA also disciplined Banorte-Ixe for failing to ...
Continue reading "Banorte-Ixe Securities Fined $475K for Anti-Money Laundering Program Failures" »

SEC National Exam Program Issues Broker-Dealers Priorities List for 2014

The Securities and Exchange Commission's Office of Compliance Inspections and Examinations issued examination priorities for 2014 as part of the office's National Exam Program, whose mission ...
Continue reading "SEC National Exam Program Issues Broker-Dealers Priorities List for 2014" »

SEC: Small Violations Can Lead to Strong Enforcement, Sanctions, and Fines

The Securities and Exchange Commission is turning to a new Enforcement strategy: zero in on minor infractions in order to stop large violations from occurring later on. SEC Chairman Mary Jo ...
Continue reading "SEC: Small Violations Can Lead to Strong Enforcement, Sanctions, and Fines" »

Oppenheimer Fined $1.4 Million for Sale of Unregistered Penny Stocks and Anti-Money Laundering Violations

FINRA fined Oppenheimer and Co., Inc. $1,425,000 after finding that Oppenheimer sold more than a billion shares of 20 unregistered penny stocks. Oppenheimer was also sanctioned for failure to ...
Continue reading "Oppenheimer Fined $1.4 Million for Sale of Unregistered Penny Stocks and Anti-Money Laundering Violations" »

John Thornes Barred for Stealing $4.2 Million from Elderly Alzheimer's, Scholarship Accounts

Just two months after publishing a May complaint against Redland, California's John Thomas Thornes, president of Thornes & Associates Inc. Investment Services, FINRA barred Thornes for the ...
Continue reading "John Thornes Barred for Stealing $4.2 Million from Elderly Alzheimer's, Scholarship Accounts" »
27 results found. Viewing page 1 of 2. Go to page 1 2   Next
accolades
The Law Offices of Jonathan W. Evans & Associates - California Securities Fraud Attorney
Located at 12711 Ventura Boulevard, Suite #440 Studio City, CA 91604. View Map
Phone: (800) 699-1881 | Local Phone: (818) 760-9880.
Website: