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Anti-Money Laundering

April 10, 2019 Glendale Securities (Sherman Oaks) Brokers Sanctioned in Penny Stock Misconduct
December 15, 2022 Transamerica Broker Guatam Arora Arrested in Southern California on Fraud Charges
April 15, 2022 Edward Jones Broker John Winslow (Gig Harbor, WA) Barred After Client's $893,000 Theft Accusation
December 22, 2021 American Portfolios Financial Services Cited After Assistant Kimberly Sredich's Theft from Clients & Rep Mark Hopkins' Misappropriation, $1 Million SEC Case
April 21, 2021 SPAC Buying Slows as Regulators Propose Rule Change, Reviews of Prior SPACs
December 05, 2019 Eugene Gordon Cited for Allowing Wife's Unauthorized Withdrawals From Morgan Stanley Client's Account
June 21, 2017 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
June 01, 2017 Ex-Morgan Stanley Rep John Bocchino Barred for Concealing $190 Million in Venezuelan Bond Trades
December 29, 2016 Former ACAP AML Compliance Officer Gary Hume Barred for Improper Unregistered Penny Stock Liquidation
December 06, 2016 Credit Suisse Securities Fined $16.5 Million for Significant Supervisory Deficiencies in Detecting Suspicious Microcap Trades
May 27, 2016 FOG Equities Fined $60k, Brokers David Spack & Scott Epstein Fined and Suspended for AML, Due Diligence Failures in Penny Stock Transactions
May 20, 2016 Raymond James Fined $17 Million for Systematic Anti-Money Laundering Failures
January 26, 2016 Robert Richards Fined and Suspended Over Penny Stock Price Manipulation
January 15, 2016 Irvine's Finance 500 Fined $400k, Multiple Brokers Banned over Penny Stock Sales
December 22, 2015 Cantor Fitzgerald Sanctioned $7.3 Million for Billions of Unregistered Microcap Sales, Supervisory & AML Failures
October 07, 2015 FINRA Expels Halcyon Cabot Partners and Bars CEO Michael Morris, CCO Ronald Heineman for Fraud, Fee Kickback Scheme
August 04, 2015 FINRA Fines Aegis Capital $950,000 for Unregistered Penny Stock Sales and AML Violations
March 04, 2015 FINRA Fines & Suspends Former Murphy & Durieu CCO Frede for Compliance Failures, Penny Stock Woes
February 15, 2015 BMA Securities Compliance Officer Dudley Muth Fined & Suspended for Inadequate AML Systems
January 27, 2015 FINRA Fines, Suspends BMA Securities President Burt Martin Arnold for Compliance Failures
December 22, 2014 Wells Fargo Advisors Fined $1.5 Million for Anti-Money Laundering Failures
September 12, 2014 Wells Fargo Advisors Warned of Possible Action for Anti-Money Laundering Failures
August 18, 2014 FINRA Charges Wedbush Securities with Insufficient Controls, Leading to Manipulative Trades
April 27, 2014 Douglas Frank Cmelik Fined & Suspended for Inaccurately Marked "Unsolicited" Penny Stock Sales
March 11, 2014 Girard Securities Fined for Supervisory Failures Concerning Fraud Prevention Tactics
February 01, 2014 Banorte-Ixe Securities Fined $475K for Anti-Money Laundering Program Failures
January 23, 2014 SEC National Exam Program Issues Broker-Dealers Priorities List for 2014
October 15, 2013 SEC: Small Violations Can Lead to Strong Enforcement, Sanctions, and Fines
August 06, 2013 Oppenheimer Fined $1.4 Million for Sale of Unregistered Penny Stocks and Anti-Money Laundering Violations
July 22, 2013 John Thornes Barred for Stealing $4.2 Million from Elderly Alzheimer's, Scholarship Accounts
July 11, 2013 Atlas, Firstrade and WTF Fined $900,000 for Anti-Money Laundering Program Failures
August 01, 2012 Newport Coast Securities, Inc. Fined $100,000 for Poor Anti-Money Laundering Procedures, Branch Office Manager who Served on Board of Pink Sheet Stock Traded Within the Firm