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February 24, 2023
Beverly Hills Broker Antoine Souma Barred After Failing to Cooperate with FINRA Investigation
November 13, 2022
Pasadena-Based Western International Securities Fined $400k for Deficient REIT Supervision
March 04, 2022
KIRN Radio Personality Tony Barouti (Barouti Financial) Under Investigation Over Possible GWG Holdings L Bond Sales
May 27, 2021
Calton & Associates Sanctioned Over Volatile Exchange-Traded Product (ETP) Supervision Failures
April 28, 2021
Sun Hyung Kim Barred for Unauthorized Trading, False & Misleading Statements
January 15, 2021
Transamerica Financial Advisors to Pay $8.8 Million Over Unsuitable Recommendations Charges
February 29, 2020
Citing 'Widespread Failures,' SEC Fines Wells Fargo $35 Million for Unsuitable Inverse ETF Recommendations, Inadequate Supervision Leading to Millions of Dollars in Customer Losses
January 25, 2019
Unauthorized Trading, Suitability, and Customer Abuse Complaints Catch Up to Wedbush's William Mark Heiden of Southern California
September 07, 2018
Richard Hughes Suspended for Coaxing Elderly Client to Lie About Excessive Commissions for Unsuitable UIT and Mutual Fund Recommendations
June 26, 2019
Cetera's George Merhoff Barred on 35th Broker Disclosure After $3.8 Million in Settlements
June 18, 2019
Patrick Foley Barred After Investigation into Accepting Loans from Elderly Client
June 17, 2019
Barred San Diego Broker Harry Couglar Suspended by CFP Board
June 14, 2019
Cryptocurrency Business Places Kyung Soo Kim in Hot Water
June 06, 2019
Ron Ray Willoughby Cited for Unsuitable Short-Term UIT Trading
May 07, 2019
Michael ("Mikey") Tanha Cited for Outside Business Activities, Private Securities Transactions
May 04, 2019
Kajo Movsesian Barred After Review into Conduct Inconsistent with Merrill Lynch Standards
May 03, 2019
Jamie Bennett Sanctioned for Failing to Review E-mails, Use of Outside E-mail Address
April 22, 2019
Sarah Banon Barred for Failing to Cooperate with Investigation
April 18, 2019
John Ernst Sanctioned for Ponzi-Laden Woodbridge Note Sales
April 16, 2019
Frederick Holloway Barred for Improper Variable Annuity Exchange Recommendations & Dishonest Conduct
April 10, 2019
Glendale Securities (Sherman Oaks) Brokers Sanctioned in Penny Stock Misconduct
April 01, 2019
Ed Matthes Barred After Misappropriation, Forged Account Statement Allegations
March 20, 2019
Law Offices of Jonathan W. Evans & Associates Investigating Dennis Albert Mehringer for Suitability, Overconcentration into Risky Bonds
March 19, 2019
Laguna Niguel's Craig Arsenault Barred for $5.7 Million Fraud of Atlas Capital Clients
March 15, 2019
NAC Affirms Amerprise Broker Jim Jinkook Seol's EB-5 Private Securities Transactions and Outside Business Activities Bar
March 13, 2019
Sigma Financial Sanctioned for Deficient Non-Traditional ETF Supervisory System
February 25, 2019
John Spach Barred for Trying to Settle Complaint Away from Firm
February 20, 2019
Disgraced Merrill Lynch Broker Thomas Buck Sentenced to 40 Months in Prison for Securities Fraud
February 19, 2019
Michael Rappa Barred for $2.7 Million-worth of Woodbridge Ponzi Transactions
February 13, 2019
Thomas E Burns Sanctioned for Alt Investment Mistakes at Crown Capital
January 22, 2019
FINRA's Bar of NMS Capital's Mansourian, Saliba, Tabizon, Younger Becomes Final
January 18, 2019
Nicholas Maddox Barred for Failing to Answer FINRA Questions
January 17, 2019
Donald Logan Fined $25k for Unauthorized Discretionary Trades, Having Customers Sign Blank Documents
January 15, 2019
Paul Wishingrad Sanctioned for Unauthorized Use of Discretion in UBS Client Accounts
January 11, 2019
Gary Pevey Barred Over Unauthorized Note Sales in Woodbridge Ponzi Scheme
December 22, 2018
Cetera Advisor Networks Fined $1.4 Million for Broker Koehler's Unsuitable Churning and Excessive Mutual Fund Trading
December 07, 2018
Nicholas Radke Barred During Investigation into Unapproved Private Securities Transaction, Elder Abuse Fraud Lawsuit
December 02, 2018
Sean J. Waters Barred for Churning Senior Citizen's Retirement Accounts, Racking Up Fees and Losses
November 29, 2018
Frank Dietrich Cited for Selling $10.8 Million in Investments in Woodbridge Group of Companies Ponzi Scheme
November 27, 2018
Terminated JP Morgan Broker Hector Villalta Sanctioned for Unapproved Outside Business Activity
November 23, 2018
San Diego "Financial Whiz of Local Airwaves" Kyle Harrington Barred After Conversion, Undisclosed Private Securities Transaction Investigations
November 20, 2018
Robert Basile Arrested, Barred For Stealing $130,000 from Elderly Client-His Mother
November 14, 2018
Michael Scott Livermore Sanctioned for Failing to Report Felonies
November 06, 2018
Michael Heath Sanctioned for Personal E-mails, Communications in Violation of First Allied Securities Policies
November 02, 2018
David Ferwerda Barred in Woodbridge Ponzi Scheme, 1 Global Capital Fraud Investigation
October 31, 2018
Intrepid Investment Bankers President W Michael Rosenberg Sanctioned for Undisclosed Accounts Away from Firm
October 24, 2018
John Simoncic Barred for Churning Retirement Accounts with VIX ETF
October 18, 2018
Andrew Mandell Barred for Refusing to Appear During Investigation
October 17, 2018
Joshua R. Jones fomerly of JP Morgan Sanctioned for Check Kiting
October 15, 2018
Charla Kabana Barred During Investigation into Variable Annuity Business at LPL Financial
October 11, 2018
Former Morgan Stanley Broker John-Aaron Lenhert Cited for Borrowing Funds from Customers
October 10, 2018
Daniel Kittner Suspended for 700 Unauthorized Discretionary Trades
October 05, 2018
IFG's Jon Pariser Barred During Investigation into Unsuitable Investments, Referral to Unlicensed Agent
September 17, 2018
Uncooperative Juergen Weber (Unsuitable, Unauthorized Trades) and Benjamin S. Johnson (Failure to Report Liens) Barred
September 15, 2018
Stephen T Hurtuk Barred During Unsuitable Recommendations Investigation
September 11, 2018
HD Vest Investment's Jerry Raines & Donna Barnard Barred in Ongoing Woodbridge Ponzi Scheme Investigation
September 06, 2018
Lincoln Investment Planning Sanctioned for Failing to Apply Sales Charge Discounts to Eligible Retirement Customers
August 27, 2018
Ex-Wells Fargo Broker Joseph Eschleman Sanctioned for Unauthorized Use of Discretion
August 09, 2018
Frank Marino Sanctioned for False, Misleading, and Inaccurate Claims on Cannabis Investment Company Website
August 08, 2018
Former Transamerica Broker Roy Gaytan Sanctioned for Discretionary Trading Violations
August 01, 2018
Kenny Mezher Sanctioned for Unapproved Crescent Ridge Volatility Fund Transactions
July 26, 2018
National Planning Corp, Investment Centers of America, SII Investments and IFC Holdings Fined $1.7 Million, Ordered to Pay $6 Million in Restitution for Variable Annuity Sales Misconduct
July 24, 2018
FINRA Fines Royal Alliance, FSC, SagePoint Financial, and Woodbury $1 Million for Variable Annuity Supervision Violations
July 17, 2018
Michael Gilhooly Barred for Refusal to Appear during Investigation
July 11, 2018
Cetera Financial Fined $200,000 for Failing to Supervise Broker Who Misused Elderly Client's Funds
July 09, 2018
IFG's Dennis Contrestano Cited for Unauthorized Transactions at Prior Firm RBC
July 05, 2018
Bradley Tennison Barred After Recommending $300k Wire Investment Away from Firm
June 27, 2018
Kyusun Kim Barred for Unsuitable Recommendations of REITs and Alt Investments in Elderly Investors' Retirement Accounts
June 26, 2018
Wells Fargo Advisors Pays $5 Million to Settle SEC's MLI Short-Term Trading Charges
June 22, 2018
Online Investment Firm Betterment Fined $400,000 for Violating Customer Protection Rule
June 14, 2018
LPL Financial's Bradley Gardner Barred for Conversion from Elderly Client
May 30, 2023
Ameriprise Broker Cathie Joughin Barred During Elder Abuse, Misappropriation Investigation
May 26, 2023
Wells Fargo SoCal Broker Mark Brewer Sanctioned for Trying to Skirt Beneficiary Rule
May 10, 2023
Centaurus Financial's Donnie Ingram Sanctioned for Unsuitable UIT and REIT Recommendations
April 26, 2023
Todd Anderson Cited for Unsuitable Recommendation That Senior Purchase $1 Million of Mutual Funds
April 24, 2023
Securities America Broker Michael Raineri Barred for Transfering $135k from Customer's Account
April 17, 2023
RBC Ordered to Pay $1.1 Million Over Supervision Failures
January 30, 2023
SoCal Broker Jay Eng Cited for Impersonating Customer in Call with Annuity Company
January 10, 2023
Western International Securities' Efrain Trujillo Suspended by FINRA for Unauthorized Loans
January 09, 2023
Wells Fargo & Wedbush's Richard Blosser Barred During Investigation into Stock & Closed Fund Sales
January 01, 2023
Kimberly Nuessmann Sanctioned for Impersonating Deceased Customer in IRA Transfer
December 22, 2022
FINRA Bars PFS Vice President Desiderio Torrez After Customer Complaint
December 13, 2022
LPL Financial Fined $150k, Admonished for Failing to Supervise Broker Involved in Ponzi Scheme
November 29, 2022
Morgan Stanley Broker David Lau Sanctioned for Unauthorized Discretionary Trades
November 22, 2022
Edward Turley Barred After Settling Suitability and Fraud Claims Worth $47 Million
November 03, 2022
FINRA Slams Anaheim's Centaurus Financial for Supervisory Failure, Allowing Broker Donnie Ingram to Hire His Own Supervisor
October 21, 2022
Previously Sanctioned for Excessive & Unsuitable ETP Trading, Efrain Trujillo Barred for Borrowing Money From Customers
September 15, 2022
SagePoint Financial Sanctioned for Supervisory Failures, Excessive Margin for Elderly Client
August 30, 2022
Kovack Securities Cited for Failing to Supervise Short-Term Mutual Fund Trades, Suitability Issues
August 26, 2022
Merrill Lynch's Conrad Branson Disciplined for Series of Unauthorized Transactions, Discretion in Customer Accounts
August 19, 2022
Broker Zachary Hansen Suspended After Selling Away From UBS Financial Services
August 18, 2022
Patrick English Barred During Unauthorized Use of Discretion Investigation
August 05, 2022
Philip Smith Suspended by FINRA After Series of Complaints, Unsuitable Variable Annuity Recommendation
August 05, 2022
Camille Cordova Sanctioned for Unsuitable Variable Annuity Recommendations
July 27, 2022
David Hixon Sanctioned Over Improper Money Borrowing, Loans
July 23, 2022
Steven Kiyoto Hirata Barred After Investigation into Private Securities Transactions
July 20, 2022
Roselaine Securities Disciplined for Failing to Supervise or Identify Staff Engaged in Outside Business Activities, Failing to Act on US Government's Financial Crimes Enforcement Network Requests
July 05, 2022
Gregory Andrews Sanctioned for Undisclosed Outside Business Activities
June 15, 2022
Megurditch Patatian Barred for $8 Million of Unsuitable REIT & Variable Annuity Recommendations
May 27, 2022
Tarik Nehmatullah Barred After Allegedly Accepting Loan from Customer
May 13, 2022
Ex-Morgan Stanley Broker Nikolay Zotenko Cited for Improperly Marketing Private Placements
May 09, 2022
LPL Financial Broker Bruce Amman Cited for Transacting $3.5 Million Private Placement Without LPL Approval
May 06, 2022
TCFG Broker Janie Garza-Clark Barred After Fraud Complaint, Investigation
April 27, 2022
Berthel Fisher Fined $100,000 for Options Trading Compliance Failures in Elderly Client's Account
April 15, 2022
Edward Jones Broker John Winslow (Gig Harbor, WA) Barred After Client's $893,000 Theft Accusation
April 01, 2022
TCFG Wealth Broker David McDonnell Barred in Outside Business Activity Investigation
March 25, 2022
FINRA Fines Dempsey Lord Smith & BD4RIA for Private Placement Sales of "Ponzi-like" GPB Capital
March 24, 2022
Geneos Wealth Management to Pay $400,000 for Improper Alt Investment Sales
March 23, 2022
Michael Knittel Suspended for Undisclosed Private Securities Transaction
March 18, 2022
Former Wells Fargo & LPL Financial Broker Mario Rivero Arrested for Stealing $680,000 From Clients
March 16, 2022
Gregory Scott Hanshew Accused of Disclosure, Sales Violations with Elder Investors
February 21, 2022
Purshe Kaplan Sterling Charged Over Unsuitable Leveraged ETF Sales Causing $2.3 Million in Losses
February 10, 2022
Morgan Stanley Broker Darryl Cohen, Broker to Pro Athletes, Barred After Millions in Claims
January 15, 2022
Triad Advisors Disciplined for Failing to Supervise LJM Mutual Fund Recommendations, Which Lost 80% In Value Before Liquidating
January 14, 2022
Royal Alliance Associates, Sagepoint Financial & FSC Securities Sanctioned for Supervisory Failures; SagePoint Cited for Failing to Monitor Known Problem Brokers
January 06, 2022
RBC Capital's Unsuitable Concentration in High-Yield Bonds Nets $1 Million Settlement
December 22, 2021
American Portfolios Financial Services Cited After Assistant Kimberly Sredich's Theft from Clients & Rep Mark Hopkins' Misappropriation, $1 Million SEC Case
November 29, 2021
WestPark Capital Sanctioned for Misrepresentations in $3.9 Million Promissory Note Sales
November 23, 2021
JP Morgan Advisors' Antoine Souma Suspended for Incorrect and Misleading Reports to Customer
October 05, 2021
Ex-Vorpahl Wing & LPL Financial Broker Lee Victor Nordstrom Barred After Allegedly Placing IRA Trades 4 Days After Client's Death
September 20, 2021
Ex-LPL Financial, APW Capital's Paul Furusho Barred After Loan Investigation
August 26, 2021
Jason Seale Cited for Discretionary Trading Without Permission
July 28, 2021
Regulators Crack Down on Record Keeping and Broker Communications via E-mail, Text Message, WhatsApp, and Social Media
July 21, 2021
UBS Ordered to Pay $8 Million for Unsuitable Complex ETP Sales of VXX
July 16, 2021
Merrill Lynch to Pay $11.7 Million Over Unit Investment Trust (UIT) Supervisory Failures
June 29, 2021
SEC Orders Crown Capital Securities to Pay $1.6 Million Over Mutual Fund Share Class Violations
June 24, 2021
Farmers Financial Solutions Fined for Failing to Supervise Variable Universal Life, Mutual Funds Business
June 16, 2021
Corey White Barred Over Supervisory & Red Flag ETP Failures at Financial West Group Because "There Were Too Many to Review"
May 19, 2021
Hung Sam Cited for Borrowing From Wells Fargo Customer Without Authorization
May 17, 2021
Wells Fargo's Gary Wells Sanctioned for Accepting Prohibited Bequests from Elderly Customer's Estate
May 11, 2021
UnionBanc Investment Services Fined $100k for Variable Annuity Supervision Woes
April 30, 2021
Antoine Nabih Souma Under Investigation After JP Morgan Pays $14 Million to Settle Dispute
April 26, 2021
FINRA Bars John Lee Scott of LPL Financial (Phoenix) During Outside Business Activity nad Private Securities Transaction Investigation
April 13, 2021
Steven Schisler Accused of Recommending Elderly Clients Invest in Promissory Note Issued by Partner Previously Barred for Defrauding Investors
April 12, 2021
Independent Financial Group Disciplined Over Concentrated Illiquid REIT Sales, Supervisory Failures
April 05, 2021
James Hedges Cited for Misrepresenting, Failing to Disclose $6 Million of Financial Events on Questionnaire
March 25, 2021
The Logan Group Securities Cited for Multi-Share Class Variable Annuity Violations
March 23, 2021
JP Morgan Broker Trevor Rahn Disciplined for Unauthorized Trading, Improper Discretion, and Mismarking Solicited Orders
March 22, 2021
Growth Capital Services Fined $35,000 for Distributing Misleading Description of Risky Private Placements and Disclosure Failures
March 18, 2021
Whitehall-Parker Securities, Robert James Yuloo Cited for Failing to Supervise Broker Who Sold Fraudulent Woodbridge Ponzi Scheme Products
March 12, 2021
Advisor Group Firms, including Royal Alliance Increase Budgets for Legal and Regulatory Issues
March 12, 2021
FINRA Cites Jeffrey Stanga for Failing to Fully Disclose Outside Business Activity, and Engaging Private Securities Transactions
March 09, 2021
Cetera Financial Group & Cetera Advisors Paid $4.2 Million Over Mutual Fund Misconduct
March 04, 2021
LPL Broker Rhett Douglas Bedwell Barred During Investigation of Ponzi Scheme
March 02, 2021
Megurditch Patatian Accused of Unsuitable REIT Recommendations Funded Through VA Surrenders
February 27, 2021
Scott Hansen Sanctioned for Unapproved Will and Trust for Elderly Customer, Threatening Family After Client's Death
February 25, 2021
VALIC Financial Advisors Fined $350,000 for Variable Annuities Failures After Prior $1.75 Million Fine
February 22, 2021
Wells Fargo's Scott Reed Barred After Selling $3.5 Million of Web/Software Investments Away from Firm
February 18, 2021
Andrew Perona Sanctioned for Taking Clients' Personal Information to New Firm Without Consent
February 11, 2021
FINRA Fines Triad Advisors $150,000 Over Poor Mutual Fund & Variable Annuity Switches That Resulted in Customer Losses
February 10, 2021
My Financial Girlfriend CEO Lisa Brumm Sanctioned for Unsuitable Variable Annuity Recommendations
January 31, 2021
Broker San Nicolas Barred Over Recommendation to Purchase Las Vegas Raiders Seats
January 27, 2021
George Magladry Suspended for Failing to Disclose Felony Charges
January 25, 2021
Cetera Firms Fined $1 Million for Supervisory Failures in Third-Party Securities Transactions
January 20, 2021
Merrill Lynch Broker Ryan Raskin Barred After Inappropriate Investment Recommendations, Firing
January 13, 2021
LPL Financial's Arthur Obermeier Cited for Unauthorized Discretionary Trading
January 07, 2021
LPL Financial Fined $6.5 Million for Supervisory Deficiencies in Wake of $1+ Million Ponzi Scheme
January 01, 2021
Worden Capital Management Ordered to Pay $1.5 Million Over Systemic Excessive Trading and Unsuitable Recommendations That Caused Losses of Millions of Dollars, Interfering with Customers' Requests to Transfer Accounts to Another Broker-Dealer
December 17, 2020
FINRA Charges Nicholas Baecker with Forging Customer Signatures on Forms
December 11, 2020
California's Infinity Financial Services Fined $35k Over Inadequate Background Checks of Brokers, Failing to Obtain Industry Approvals
December 09, 2020
FINRA Charges Gregory McCloskey aka Gregory Meier with Covering Up Improper Private Securities Transaction (PST) with a Second Improper PST
November 27, 2020
FINRA Cracks Down on Unit Investment Trust (UIT) Short-Term Trading Abuse at Stifel, Nicolaus & Company
November 25, 2020
FINRA Finds Variable Annuities, Life Insurance Liquidation Strategy Unsuitable, Cites ON Equity Sales Broker
November 20, 2020
American Portfolios Financial Services Fined for Unsuitable VXX Recommendations That Caused Customer Losses
November 17, 2020
SEC Issues Securities America Advisors Cease-and-Desist Order Over XIV, VIXY ETF Trades Resulting in Losses in Over 150 Client Accounts
November 10, 2020
Vonna Kay Husby Barred During Investigation into Undisclosed Bank Account Co-Owned With Elderly Customer
November 03, 2020
LPL Financial's Timothy Engelmann Sanctioned for Unauthorized Loan Through LLC
October 28, 2020
David Walters Cited for Outside Business, Private Securities Transactions
October 12, 2020
Stephen Whittaker Cited for Undisclosed Outside Business Activity
October 05, 2020
Kathleen Bott Barred After Investigation Into Theft Charges
September 19, 2020
Voya Broker James Flynn Racks Up Suitability Complaints, Reportedly Flees to Caribbean
September 16, 2020
JP Morgan's Lauren Wing Cited for $314,000 of Unauthorized Trading in Senior's Account
September 06, 2020
Chih-Ming Huang Suspended After Failing to Disclose Felony Charge
September 03, 2020
Wells Fargo Variable Annuity Supervision Violations Net $2 Million in Fines and Restitution
September 01, 2020
LPL Financial's James Rapisarda Cited for Private Securities Transaction
August 27, 2020
SEC Fines Firm $1 Million Over High-Fee Mutual Fund Recommendations
August 24, 2020
FINRA Bars Terminated Brokers Lau, Winters, for Failing to Provide Information
August 13, 2020
Ex-First Allied Broker Kimberly Barensten Cited for Charging Undisclosed VA Fees
August 04, 2020
Oppenheimer, Already Sanctioned $3.8 Million, Sees Broker Penalized for Premature & Unsuitable UIT Sales & Trades
July 29, 2020
Fired Morgan Stanley Broker Stephen Sloane Under Investigation for Unsuitable Recommendations in Quickly Trading Long-Term Investments
July 23, 2020
James Daughtry Barred in 'Potentially Fraudulent and Unauthorized Transactions' Investigation
July 11, 2020
JP Morgan's Adrienne Mak Barred Over Claims She Used Personal Email, Cell Phone to Communicate With Customers
July 08, 2020
Elizabeth Morrell Barred Over Fraudulent Woodbridge Group Ponzi Scheme
June 20, 2020
E-mail Communication Failures - What a Terminated CEO, WhatsApp Broker, Woodbridge & FIP Have in Common
June 19, 2020
Quinn Campbell Disciplined for Removing MetLife Customers' Private Info
June 11, 2020
Dee Dee Brooks Barred Over Fraudulent Woodbridge Ponzi Scheme, Future Income Payments Solicitations
June 09, 2020
CFP Board Disciplines California's Joel Davidman for Unauthorized Discretion, Alaska's Michael Shamburger and Rob Wedel for Multi-Million Dollar Misconduct
June 05, 2020
LPL's Donald Padilla Suspended for Circumventing Firm Supervision, Unapproved Email Accounts
June 02, 2020
Stifel Nicolaus to Pay $3.65 Million for Unsuitable Unit Investment Trust (UIT) Rollovers & Poor Supervision
May 23, 2020
SunTrust Investment Services to Pay $634,000 Over Unsuitable ETF Sales
May 15, 2020
Ameriprise Broker Arthur Hoffman Barred Following Fraud Complaint, Investigation
May 10, 2020
FINRA: LPL Financial Unsuitably Sold Elderly Clients Risky REITs After Broker Lied About Customers' Net Worth
May 07, 2020
Western International Securities Failed to Disclose Brokers' Financial Events Totaling $5.6 Million, Says FINRA
May 01, 2020
Wells Fargo's Bryan Benson Barred After Investigation Into DPP Customer Complaint
April 23, 2020
Integrity Brokerage Services CEO Joshua Helmle Accused of Deliberately Defying FINRA, Allowing Disqualified Broker Marc Jaffe to Work While Ineligible and Serve While Unregistered
April 20, 2020
Wedbush Broker James Richards Cited for Supervision Failure Over Multi-Million Dollar Margin Deficits
April 16, 2020
CFP Board Suspends California's Michael Altobell & Richard LaBare
April 09, 2020
JP Morgan's Steven Lu Barred for Pretending to Befriend, Taking Advantage of Elderly Alzheimer's Client
April 08, 2020
Clare Cail Suspended for Altering Signed Account Documents, Submitting Falsified Form
April 06, 2020
Accurate Record Keeping & Supervision Vital as FINRA Temporarily Lifts Rules, SEC Suspends In-Person Exams During Pandemic
March 04, 2020
AXA Advisors' Billy Zhang Cited After Settling Misuse-of-Funds Complaint Away From Firm
March 02, 2020
Ronald Hannes Barred During Conversion Investigation
February 22, 2020
IFG Broker Martin David Batstone Barred for Fraud After Converting Client Funds
February 14, 2020
Commonwealth Income and Growth Fund at Heart of FINRA Bar for Misuse of Funds
February 06, 2020
Wells Fargo Fined for Failing to Supervise Rep's Excessive Trading; Matthew Maczko Barred
February 04, 2020
FINRA's Saction of Mason Gann Highlights Risks of Naked Puts Strategy
February 03, 2020
Royal Alliance Fined $400,000 Over $3.8 Million Theft from Customers
January 30, 2020
Kerry Wills Sanctioned for Borrowing $150k, Accepting Luxury "Travel Gifts" From Elderly Customer
January 27, 2020
FINRA Bars NYLife's Kari Bracy Over $300 Million Ponzi Scheme Future Income Payments Misrepresentation
January 23, 2020
Shlomo Strugano, Former First Allied Broker, Barred During Forgery Investigation
January 15, 2020
NEXT Financial Group Fined for Unsuitable Non-Traded REIT Sales
January 08, 2020
Barred Broker John Chrysadakis' Alleged Conversion at Mason's Lodge Illustrates Affinity Fraud Risk
January 06, 2020
FINRA Penalizes Oppenheimer & Co $3.8 Million After UIT Supervisory Failures
January 02, 2020
First Financial Equity Corporation Sanctioned for Failing to Timely Disclose Financial Events, Supervisory Deficiencies
December 31, 2019
Hicks Latest Broker Accused of Unsuitable High-Risk REIT and BDC Sales to Senior Citizen Investors
December 21, 2019
Francisco Valenzuela Cited for Failing to Disclose Lien
December 18, 2019
CUSO Financial Services' Gerald Coyne Latest Firm Rep Sanctioned After VA Investigation
December 05, 2019
Eugene Gordon Cited for Allowing Wife's Unauthorized Withdrawals From Morgan Stanley Client's Account
November 20, 2019
FINRA Bars Julie Ann Mineard for Unauthorized Transfer of Funds into Her Own Personal Bank Accounts
November 12, 2019
FINRA Bars Jun 'Justine' Zhou Over Private Real Estate Transactions
November 08, 2019
Cetera's Christopher Kozak Suspended for Undisclosed Outside Business Activity with Nutrition Bar Investments
October 31, 2019
Ami Forte & Charles Lawrence Barred for Churning Dementia-Laden Elderly Client's Account
October 24, 2019
JP Morgan Fined $1.1 Million for Failing to Tell FINRA About 89 Broker Misconduct Allegations
October 17, 2019
Financial West Group (LA) Broker Daniel Maughan Barred for ETF Churning & Excessive Trading
October 16, 2019
Broker John Charles Wyshak Ordered to Pay Nearly $1 Million Over Churning Allegations at Raymond James
October 15, 2019
Newbridge Fined $225,000 for Complex Securities, ETF Supervision Failures
October 08, 2019
IFG Broker Martin Batstone Accused of Fraud, Converting Customers' Private Securities Funds for Personal Use
October 04, 2019
James Lamont Sanctioned for Selling $1.5 Million of Notes in Fraudulent Woodbridge Ponzi Scheme
September 27, 2019
Margareta Childs Barred Following Fraud Complaint, Failure to Cooperate with Investigation
September 23, 2019
Clay G Erickson Sanctioned in $5 Million-Worth of Unauthorized VA Transactions
September 17, 2019
JP Morgan Fined $1.1 Million for Failing to Timely Disclose Broker Misconduct, Harming FINRA & The Public
September 11, 2019
FINRA Cites First Financial Equity's Compliance Officer, Melissa Strouse, for Failing to Disclose 67 Broker Liens, Judgments & Financial Events
August 21, 2019
FINRA Sanctions SoCal Brokers for Failing to Cooperate with Investigations
August 19, 2019
Crown Capital Cited for Mutual Fund Supervision Deficiencies
August 10, 2019
Cetera's Mengxuan 'Sharon' Zhang Sanctioned for Falsifying Customer Signature Pages
August 08, 2019
Karen Paek Barred Over Fake Variable Annuity Applications & Forgery
July 31, 2019
Eric Nichols Suspended for Settling Customer Complaint Away from Morgan Stanley
July 30, 2019
NBC Securities' Brian DiJulio Cited for Unauthorized Short-Term Discretionary Trades
July 24, 2019
Trading in a Dead Client's Account Nets Former Wells Fargo Broker Michael Garris a Fine and Suspension
July 22, 2019
FINRA Disciplines LPL Financial's Eric Savell Over Undisclosed Outside Business Activity
July 10, 2019
Signator's Jeffrey Lundstrom Cited for Failing to Disclose $100,000 in Liens
July 10, 2019
Raymond James Compliance Officer Barred for Falsifying Data
July 09, 2019
After Customers Suffer Losses, FINRA Cites Cetera's Summit Brokerage Services for Failing to Review Excessive Trade Alerts
May 08, 2019
Jonathan W. Evans & Associates Announces Filing of FINRA Arbitration Claim Against Western International Securities & Dennis Albert Mehringer, Jr.
February 04, 2019
FINRA Charges Raymond James Compliance Officer with Falsifying Reports to Prevent OBA Audit Follow-Up
January 24, 2019
LPL Financial Sues Barred Ex-Broker Christopher Lossing over $292,000 Theft it Inadvertently Aided
July 12, 2018
FINRA Bars Paul Soll Over Investigation into Elder Abuse, Churning, and Unsuitable Penny Stock Recommendations
July 06, 2018
After SEC Fraud Charge, FINRA Bars Robert Tweed for Making False Statements to Obtain $1.6 Million in Athenian Fund LP
July 02, 2018
Massachusetts to Investigate Private Placement Sales & Related Practices at 10 Firms
June 29, 2018
Brian Sung Hyun Sanctioned for Undisclosed Marijuana Consulting Outside Business Activities
June 12, 2018
Complaint Cites Atiq Khan for Failing to Appear in Unauthorized Solicitation, Beneficiary Investigation
June 11, 2018
Stacy Cheney-Jamison Barred Over Alleged $330,000 Theft from Retired Clients
June 06, 2018
John Douglas Wade Barred for Converting $100k from Bancorp Customers
June 04, 2018
FINRA Bars Harold Couglar for 20-Years of Unauthorized Outside Account Trading Activity
June 02, 2018
Sanjeev Sreetharan Barred following Deutsche Bank's "Loss of Confidence" & Fraud Review
May 10, 2018
Revised FINRA Sanction Guidelines Increase Penalties for Brokers with More Complaints
May 09, 2018
Fifth Third Securities to Pay $6 Million for Variable Annuity Suitability and Disclosure Failures
May 07, 2018
Joseph Pratte Barred After Outside Business Activities Investigation
May 02, 2018
James and Lorraine Conaway Sanctioned for Real Estate Outside Business Activity Violations, Disclose Failures
April 30, 2018
Ex-Morgan Stanley Rep Arthur Robert Meunier-Breitman Sanctioned for Tezos Crypto-Blockchain Violations, Illicit Solicitations, and Using Assumed Name
April 26, 2018
OHO Decision Barring Richard Tabizon For Altered Compliance Forms, Lying to FINRA, Personal E-mail Use Becomes Final
April 18, 2018
Merrill Lynch Broker Jonathan Belden Fined & Suspended for Unauthorized Use of Discretion, Trading Restricted Security
April 17, 2018
Dallas York Barred for Refusing to Cooperate with Investigation into Unauthorized Withdrawal of Customer Funds
April 16, 2018
Kevin J Lee Barred Following Investigation into Undisclosed Business Activity
April 13, 2018
Park Avenue Securities Fined $300,000 in Variable Annuities Supervision Investigation
April 11, 2018
Brent Lott Fined & Suspended for False Documentation Scheme in Connection with Heinz VA Ponzi
April 05, 2018
Laura Ortega Shean Barred for Converting $124,000 in Client Funds to Pay Personal Tax Bills
April 03, 2018
In Wake of Unsuitable Recommendations Action, FINRA Bars Lawrence John Fawcett for Failing to Cooperate with Outside Business Activities Investigation
March 28, 2018
SEC Charges Wedbush Securities with Failing to Supervise Timary Delorme in Penny Stock Market Manipulation Scheme
March 27, 2018
Lisa Piazza Fined & Suspended for Failure to Disclose Criminal Conviction
March 22, 2018
Phillip Tibbetts Fined & Suspended for Accepting Unauthorized Loan from Customer
March 21, 2018
SEC Fines LA-Based Electronic Transaction Clearing $80,000, Issues Cease-And-Desist Order for Margin Securities Failures
March 19, 2018
Michael Hurtgen Sanctioned for Soliciting Raymond James Customers to Invest Away from Firm
March 16, 2018
David Barber's Unauthorized Trades Prompts FINRA Bar, $2 Million Churning Award
March 15, 2018
Saddled with Settlements, Kevin Yang Sanctioned for Unauthorized Discretion at Morgan Stanley
March 14, 2018
Omer Ozeren Sanctioned for Unauthorized Use of Discretion and Faulty ETF Recommendations
February 22, 2018
Darrell Rideaux Barred During Investigation into Selling Away Allegations
February 20, 2018
Credit Suisse Execs Had Secretaries Complete Training for Them, Records Show
February 12, 2018
Wedbush Fined $1.5 Million Over Customer Protection and Supervisory Failures
January 30, 2018
JP Morgan's Farid Morim Barred After Conversion Investigation
January 26, 2018
Joseph Farah Barred for Unsuitable and Excessive Trading, Undisclosed Outside Business Activity, and Misrepresentations
January 25, 2018
Ameriprise's Lorene Fairbanks Sanctioned for Unauthorized Loan from Customer, Violative Text Messages
January 25, 2018
Charles Dixon Barred After Termination from Morgan Stanley for Unauthorized Trading
January 22, 2018
Sandeep Varma Cited for Misleading Estate Planning Seminar Communications
January 19, 2018
Richard Foster Sanctioned for Unsuitable IRA Liquidation Recommendation, Risky ETF Trading Strategy
January 19, 2018
FINRA Bars Matthew Kerby After Allegations He Converted Elderly Client's Funds for Personal Use
January 17, 2018
Linked to Dawn Bennett $20 Million Fraud Investigation, FINRA Bars Bradley Mascho for Failing to Cooperate
January 16, 2018
Punished by California Bureau of Real Estate, Guillermo Valladolid Barred for Undisclosed Outside Business Activity
January 10, 2018
Ameriprise's Larry Boggs Barred for Churning Elderly Client Accounts, Improperly Changing Customer Objectives
January 09, 2018
Citigroup Sanctioned $11.5 Million for Displaying Inaccurate Equity Research Ratings, Such as "Buy" When the Firm Meant "Sell"
January 08, 2018
John William Bernard Sanctioned for Unauthorized Exercise of Discretion at LPL Financial
January 05, 2018
Raymond James Fined $2 Million for Failing to Supervise E-mail Communications
January 04, 2018
JP Morgan Fined $2.8 Million for Customer Protection Deficiencies, Flawed Systems, and Supervisory Failures
January 02, 2018
Merrill Lynch Continues Choice-of-Law Provisions Despite of Industry Discipline and Admonishment
December 18, 2017
Ex-LPL Broker Leslie Koonce Barred After Falsely Denying Participation in Unauthorized Private Securities Transactions
December 13, 2017
Investors Capital Corporation Censured After 8 Years of Overcharging Customers for Mutual Fund Transactions
December 13, 2017
FINRA Cites Ladenburg Thalmann's Investacorp for Failing to Apply Sales Charge Waivers
December 11, 2017
NEXT Financial to Pay $750,000 in Latest Disciplinary Action Concerning Habitual Deficiencies and Systematic VA Failures
December 08, 2017
Spencer Edwards' Steven Quoy Suspended for Issuing Misleading Sales Materials for Advertising Sign Investments
December 04, 2017
Anthony Sica Sanctioned for Recommending Unsuitable High-Risk Securities to Elderly Customer and Unauthorized Trading in Dead Client's IRA Account
November 29, 2017
Modesto's David Lee Reynolds Barred During Misappropriations Investigation
November 22, 2017
Ex-Morgan Stanley Rep Timothy T Gibbons Suspended, to Pay $737,000 for Unsuitable Oil & Gas Over-Concentration in Elderly Accounts
November 20, 2017
FINRA Files Complaint Against Farid Morim from its 2016 Investigation into Alleged Conversion and Undisclosed Business Activity
November 18, 2017
Jerry Guttman Barred for 10 Years of Unauthorized Private Securities Transactions
November 14, 2017
Patricia Peterson Sanctioned for Unauthorized Discretionary Trades in WFG Accounts
November 13, 2017
Accused of Elder Fraud in Trying to Generate Commissions, FINRA Bars Hank Werner for Churning and Excessive Trading
November 10, 2017
Lisa J. Lowi Barred During Investigation into Unsuitable Trading, Unauthorized Transactions Complaints
November 09, 2017
FINRA Bars Victor Michel for Failing to Cooperate with Investigation
November 07, 2017
Questar to Pay $800,000 for Overcharging Retirement Plan & Charitable Organization Customers
November 05, 2017
First Allied Securities' Masood Azad Barred After Investigation into Unapproved Private Securities Transactions
November 01, 2017
Former LPL Broker Thomas Breslin Sanctioned for Undisclosed Private Securities Transactions in Biopharma Penny Stock
October 23, 2017
Bae Keun Yu Suspended for Undisclosed Outside Securities Business
October 20, 2017
Ex-Newport Coast Securities Broker George Dahl Barred in 15th Disclosure
October 16, 2017
Wells Fargo Ordered to Pay Restitution of $3.4 Million for Unsuitable Volatility-Linked Exchange-Traded Products
October 13, 2017
Ex-NFP Advisor Services Rep Robert J Regan Suspended for Improper Private Securities Transactions
October 11, 2017
Ex-Ameriprise Brokers Jack McBride and Stuart Pearl Cited by FINRA for Improper Margin Trades
October 10, 2017
Ex-Western International Securities Brokers Brittney J Sias, Clement Chichester Barred by FINRA
October 04, 2017
Mike Crowe Sanctioned for Soliciting Investments in Undisclosed Real Estate Security with Unpaid Returns
September 25, 2017
Morgan Stanley Ordered to Pay Over $13 Million for Unit Investment Trust (UIT) Supervisory Failures
September 21, 2017
Former LPL Financial San Diego Broker Marc Ravenscroft Barred for Conversion, Use of Phony Expense Reports
September 20, 2017
Mehran 'Ron' Tazhibi Sanctioned for Unsuitable Speculative Bond Recommendation to Retired Clients
September 18, 2017
"Massive Energy" Broker John Kai Barred After Undisclosed Private Securities Transactions, Outside Business & Discretion Investigation
September 15, 2017
Ex-JP Morgan Securities Rep Todd Jason Jones Sanctioned for Unauthorized Trading in Complex ETN
September 12, 2017
Joseph Yanofsky Fined $10k for Unauthorized Use of Discretion, Directing Unlicensed Subordinate to Enter Trades
September 11, 2017
Nancy Johnson Sanctioned for Repeated False Statements to Morgan Stanley in Fraudulent Wire Transfer to Imposter
September 08, 2017
William Glaser Barred, Under Federal Investigation Related to Fraud Indictment, After 76-Year-Old Navy Vet Suffers $400,000 Private Placement Loss
September 07, 2017
Colorado Broker Bruce Page Barber Barred in Outside Business Activity Investigation
September 05, 2017
Jeffrey Alan Smith is the Latest Ex-Accelerated Capital Group Broker Cited for Pre-Signed, Altered Forms
September 01, 2017
FINRA Sanctions Elaine LaCerte for Unsuitable UIT Sales, Causing Unnecessary Sales Charges
August 30, 2017
Facing Allegations of Fraud and Churning, Frederick Houck Suspended for Unauthorized Use of Discretion
August 29, 2017
John Kostic Sanctioned, Disgorgement Ordered for Unauthorized Private Securities Transactions
August 25, 2017
OHO Issues Decision Barring Jim Jinkook Seol over Undisclosed EB-5 Business
August 23, 2017
Say Nie Sam Sanctioned for Falsifying Wire Transfer Forms
August 21, 2017
Jay Dee Jordan Barred for Unsuitable ETF Trading Resulting in $8 Million Loss, Settling Away
August 15, 2017
FSC Securities Corporation Fined for Non-Traditional ETF Failures, Unsuitable Recommendations
August 09, 2017
Howard Hull Fined & Suspended for Firm's Supervisory Failures
August 03, 2017
Stephen Salm Sanctioned for Sharing Customers' Personal Info with 3rd Parties
August 01, 2017
LPL's Cooke, Hood, Laws & Long Charged in Variable Annuity Fraud Scheme Targeting Federal Employees
July 31, 2017
Fictitious Letters to Elderly VA Customer Earns Jason Belajack a Permanent Bar in Latest Discipline of Ex-ACG Broker
July 28, 2017
FINRA Bars Kim Dee Isaacson for Defrauding Elderly Customer
July 27, 2017
PA Fines Austin Dutton $200,000 & Newbridge $499,000 for Dishonest, Unethical Practices in Unsuitable REIT Sale
July 25, 2017
FINRA Bars Timothy Ballard for Failing to Cooperate with Investigation
July 22, 2017
FINRA NAC Affirms OHO Bar of David Escarcega for Fraudulent Misrepresentations to Elderly Clients in Arizona, California and Washington
July 19, 2017
Larry Wolfe Fined & Suspended for Unauthorized Discretionary Trading in Accounts of 39 Customers
July 18, 2017
After $2.4 Million Suit Alleging Elder Abuse, FINRA Bars James Schaedler Following $200k Gift Investigation
July 18, 2017
David Gott Sanctioned by FINRA for Selling Interests in "Gott Ice Cream, LLC"
July 07, 2017
Jaime Aguilar Suspended for Unauthorized Loans from Customers
July 06, 2017
Murray Monroe Sanctioned for Failing to Disclose Appointment as Executor of Customer's Estate
July 03, 2017
Richard Botkin Fined & Suspended for $245k of Unauthorized Movie-Related Investments
June 30, 2017
Mitchell Behm Sanctioned for Unauthorized $180,000 Loan, Failure to Disclose Prior Bankruptcy
June 29, 2017
Sammy Legaspi Sanctioned for Using, Photocopying Pre-Signed Signed Blank Forms
June 27, 2017
Former LPL Financial (Fresno) Broker Todd Pilosi Punished for Borrowing Money From Client
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 19, 2017
Jose J. Perez Sanctioned for Impersonating Client's Brother to Request Retirement Funds Transfer; Requests Transfer from Wrong Account
June 16, 2017
Ex-IFG and Centaurus Broker Calvin Moores Barred After FINRA Investigation, OTC Dispute Alleging Fraud, Complaint Alleging Elder Abuse
June 13, 2017
Christopher M. Hawn Fined & Suspended for Unauthorized Private Securities Transactions & Undisclosed Outside Business Activities
June 12, 2017
Kim Dee Isaacson Charged with Fraudulent Misrepresentations, Unauthorized Transactions in Elderly Client's Account
June 09, 2017
FINRA Sanctions James Cox for Unsuitable VA Recommendations, Outside Business Activity, Misrepresentation, Mutual Funds
June 08, 2017
Ameriprise (Irvine)'s Jim Seol Barred for 'Egregious' Selling Away of $100 Million Private Placements for Immigration's EB-5 Program
June 03, 2017
Ex-Red Ridge Securities CEO Brent Hurt Sanctioned for Failing to Supervise Broker in $1 Million Misappropriation Scheme
June 01, 2017
Ex-Morgan Stanley Rep John Bocchino Barred for Concealing $190 Million in Venezuelan Bond Trades
May 31, 2017
FINRA Investigating Joseph Farah for Churning, Suitability, Undisclosed Outside Business Activities, Misrepresentations
May 30, 2017
Michael Mahabir Barred After Conversion Investigation
May 16, 2017
Curian Clearing Fined for Failing to Deliver Prospectus Materials to Customers
May 15, 2017
Inglewood's Jose Jimenez Sanctioned for Allowing Unlicensed Son to Conduct Securities Business
May 08, 2017
Walter Marino Charged with Collecting $60k Commissions as Clients Lost Money Over Unsuitable Variable Annuity Replacements
May 04, 2017
FINRA Fines Summit Equities $325,000 for Variable Annuity-related Supervisory Failures, IME Fund Collapse
May 03, 2017
LPL Settles Over Non-Traded REIT Misconduct, Possible $8 Million Payout for Latest LPL Snafu
May 01, 2017
Ex-Raymond James Broker Scott Sibley Barred for 900 Unauthorized Transactions, Unsuitable Recommendations to 10+ Seniors
April 27, 2017
Ex-Merrill Lynch Broker Alec Rivera Pleads Guilty to $1 Million Theft from Clients
April 24, 2017
John Olinghouse Sanctioned for Falsifying Documents, Settling Elder Diminished Capacity Customer's Complaint Away from Firm
April 19, 2017
Hossein Amirraiahei Barred Over Unauthorized Discretionary Trading Investigation
April 18, 2017
Stockcross Financial Services of Beverly Hills Fined for Supervisory Violations, Failing to Timely Publish OTC Bids
April 13, 2017
Ex-LPL Broker Robert Tricarico Convicted, Sentenced for Stealing $1.2 Million from Elderly Clients, Wire Fraud
April 07, 2017
Tracy Turner Barred Over False and Misleading Oil-and-Gas Communications Probe
April 01, 2017
Iain Reilly Fined & Suspended for Impersonating Customers in Phone Calls to Insurance Company
March 29, 2017
CUSO Financial Services to Pay $172.5k in Fines and Restitution for Mathew Hartshorn's Unsuitable UIT Sales
March 10, 2017
First Financial Equity CCO Melissa Strouse Punished for Suitability, ETF, Heightened Supervision Failures
March 02, 2017
Craig Dima Barred for $15 Million of Unauthorized & Unsuitable Trades in Elderly Client's Retirement Account
February 27, 2017
Vincent Payne Suspended for Forgery, Falsifying Customer Signatures
February 21, 2017
Red River Securities Expelled, CEO Brian Hardwick Barred, Ordered to Pay $24.6 Million in Restitution for Fraud
February 16, 2017
LPL Financial Fined $900,000 for Failing to Send Required Account Notices, Supervisory Failures
February 14, 2017
Ex-Financial West Group Broker Kelly Clayton Althar Barred for Unsuitably Risky and Excessive Trading in Elder Client's Account that Resulted in $187,000 in Losses
February 13, 2017
Matthew Maczko Barred for Churning in 93-Year-Old Client's Account, Resulting in Loss; Misleading Testimony
February 09, 2017
Dion Padilla Sanctioned for Unauthorized, Misrepresented, and Concealed Variable Annuity Purchase
February 07, 2017
James Calder Sanctioned for Unauthorized Outside Business Activity
February 06, 2017
After Separation from JP Morgan, Robert Stewart Says He Just Followed Firm's Longstanding Practice
February 02, 2017
Lawson Financial, CEO Robert Lawson Barred for Fraudulent Municipal Bond Sales
January 18, 2017
Tommy Mai Sanctioned for Forging Customer Signatures, Running a Misleading Los Angeles-area TV Show That Discussed Securities
January 10, 2017
Complaint Alleges Kelly Althar's Unsuitable and Excessive Trading Caused $187,000 Loss in Elderly Client's Accounts
December 29, 2016
Former ACAP AML Compliance Officer Gary Hume Barred for Improper Unregistered Penny Stock Liquidation
December 22, 2016
Wells Fargo, LPL Financial Among 12 Firms Fined $14.4 Million for Cybersecurity, Data Protection Failures
December 20, 2016
FINRA Bars Ken Balser After Investigation into Private Securities Transactions
December 17, 2016
Kai Chen Fined & Suspended for Unauthorized Use of Discretion at Credit Suisse
December 13, 2016
FINRA Sanctions Davood Kohan for Improperly Settling Complaint Away from Firm
December 09, 2016
Christopher Ariola Barred, Ordered to Pay $138k in Restitution for Unsuitable Gold & Energy Recommendations
December 06, 2016
Credit Suisse Securities Fined $16.5 Million for Significant Supervisory Deficiencies in Detecting Suspicious Microcap Trades
December 05, 2016
FINRA's Recent Sanctions Underscore Compensation and Conflict of Interest Priorities
December 01, 2016
Merrill Lynch to Pay $7 Million in Fines & Restitution for Inadequate Supervision of Leverage Use in Customer Accounts
November 28, 2016
VALIC Financial Advisors Fined $1.75 Million for Conflict of Interest, Supervisory Failures Related to Variable Annuities
November 22, 2016
Jason Vanclef, VFG Securities Sanctioned for Making False Claims in Book Promoting REITs and DPP Investments
November 19, 2016
Oppenheimer & Co Ordered to Pay $3.4 Million in Fines & in Restitution for Supervisory, Discovery & Reporting Failures and Violations
November 16, 2016
John Hudnall Barred for Selling Away a REIT Investment to Elderly BancWest Customer
November 14, 2016
FINRA Bars Ex-LPL Broker Dominic DeBruin over Undisclosed Private Securities Transactions, Depositing Client Money into Controlled Account
November 09, 2016
Stanley Niekras Accused of Misrepresentation, Billing Elderly Clients for $70,000-worth in Fabricated Fees
November 02, 2016
Eight Firms Fined $6.2 Million for Variable Annuity L-Share Supervisory Failures
October 27, 2016
Stuart Dickinson Barred, Restitution Ordered for Recommending Customers Purchase the ATM Alliance Ponzi Scheme
October 25, 2016
Anthony Lombardi Fined and Suspended for Failing to Disclose Outside Insurance Business Activity
October 18, 2016
Gregory Bauer Barred After Forgery Leads to $400,000 in Unauthorized Withdrawals
October 12, 2016
Donald Toomer Barred, Indicted for $30 Million Pump-And-Dump Penny Stock Fraud
October 06, 2016
Cetera Financial Group's Investors Capital Corp to Pay $1.1 Million Over Unit Investment Trust, Steepener Note Sales
October 04, 2016
Betty Lai Johnson Disciplined for Impersonating Customer, Liquidating Account
September 30, 2016
Alejandra Valenzuela Barred for Improper Conversion at Morgan Stanley
September 29, 2016
UBS to Pay $15 Million over Unsuitable Reverse Convertible Note Sales to Conservative and Retired Investors
September 21, 2016
Avenir Financial Group Sanctioned, CEO Michael Todd Clements Barred, Rep Karim Ibrahim Suspended for Fraud
September 19, 2016
George Zedan Barred for Elder Abuse and Conversion of 87-Year-Old Customer's Funds, Escapes Prosecution when Victim Dies
September 17, 2016
John Randall Gladden Disciplined for $2.1 Million in Unauthorized Private Securities Transactions Away from the Firm
September 14, 2016
FINRA Fines Ameriprise Financial $850k over Rep & Manager Weseloh's Conversion of $370,000 from Customers
September 13, 2016
Ex-LPL Broker Cheryl Kerber Fined & Suspended for False Statements About a Loan
September 07, 2016
Jerry McCutchen Barred in Connection with Over 20 Customer Complaints Alleging REIT & Alt Investment Unsuitability, Misrepresentations
September 06, 2016
Ameriprise Financial Failed to Supervise Michael Halla's Unsuitable Closed End Fund Short-Term Trading, Fined $100,000
August 30, 2016
Christopher Ariola Charged with Unsuitable Energy Recommendations to Elderly Clients, Undisclosed Trading
August 24, 2016
Ex-LPL Financial & Crown Capital Broker Eric Kuchel Barred After Failing to Cooperate with Mutual Fund Investigation
August 10, 2016
Ciro "Nick" Cavazos Fined, Suspended for Unauthorized, Undisclosed Loan; Accused of Fraud & Financial Elder Abuse
August 06, 2016
Hank Werner Charged with Fraudulent Churning, Excessive Trading, Unsuitable VA Recommendation Against Elderly, Blind Widow
August 03, 2016
SoCal Broker Brian Egan Barred for Failing to Disclose 87 Brokerage Accounts at an Outside Firm
July 29, 2016
Victor Michel Sanctioned for Using Personal E-Mail, Failure to Retain Correspondence, Settling Complaint Without Notifying Firm
July 28, 2016
James Earl Mahan Barred after Failing to Cooperate with Investigation into Unapproved Investment
July 27, 2016
FINRA Bars Retirement Income Planner Nathan Silva for Failing to Cooperate with Misconduct Investigation
July 23, 2016
Ex-Wells Fargo Advisor Bradley Smegal Charged with Securities Fraud for Defrauding Clients Out of $5 Million, Making Ponzi Payments
July 21, 2016
Bernard McGee Barred for Fraudulent Annuity Sales, Lying About Surrendering Elderly Client's VA for Charitable Gift Annuity
July 20, 2016
Prudential Annuities Fined $950k for Failing to Prevent Theft of $1.3 Million From Elderly Client's VA
July 18, 2016
Wedbush Drops Appeal of $1 Million Fine for "Egregious" and "Willful" Blue Sheet Failures
July 16, 2016
Complaint Against First Financial Equity Corp Alleges Supervisory Failures, Excessive Commissions
July 14, 2016
Nickolus Finley (Waddell & Reed/San Diego) Cited for Copying & Pasting Customer's Signature
July 11, 2016
Update: Winston Turner Barred for Variable Annuity Fraud and/or Deception
July 06, 2016
Ex-Merrill Lynch Broker John Arnold Sanctioned After His False Statements, Procedural Failures Allow Fraudster to Steal $127,200
July 05, 2016
Deutsche Bank Securities Fined $6 Million for Inaccurate and Late Blue Sheet Data
June 30, 2016
WFG Advisors Fined, Censured $100k for Overcharging Customers in Alt Investment, REIT Sales
June 29, 2016
Anthony Diaz, a Repeat Offending Rogue Broker Under Federal Indictment for REIT Fraud, is Poster Child for Worrying Trend
June 24, 2016
Merrill Lynch to Pay $415 Million in SEC Order for Misusing Customer Cash, in Addition to $5 Million FINRA order for Materially Misleading Investors
June 23, 2016
Merrill Lynch Fined $5 Million for Failure to Disclose Material Facts, Costs in Structured Note Sales
June 20, 2016
Kory Keath Named in Complaint Over Elderly Client's Trust Oddities, Unreported Gift
June 16, 2016
Robert Myers Fined $20k, Suspended for Disputed VA Fees Classified as Unapproved Outside Business Compensation
June 15, 2016
Former CCO Allen Holeman the Latest Oppenheimer & Co. Broker in Trouble with FINRA
June 13, 2016
FINRA Fines Morgan Stanley $80,000 for Supervisory Failures, Deletion of 21k OTC Options Positions
June 09, 2016
Shannon Rowland Barred for Converting Funds for Personal Use
June 08, 2016
Oppenheimer & Co Sanctioned $2.9 Million for Unsuitable Complex ETF Trades Amongst Elderly Customers
June 06, 2016
Daniel Miller Fined, Suspended for Undisclosed Outside Real Estate, Private Securities Transactions
June 02, 2016
E*Trade Securities Censured, Fined $900k for Trade Review & Supervisory Failures, Failure to Ensure Protection of Confidential Info
June 01, 2016
FINRA Charges Jim Seol with Unauthorized WRCI, EB-5 Immigration Outside Business Activity
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
May 19, 2016
Thrivent's Miguel Hernandez Barred for Defrauding Elderly Church-Going Client
May 13, 2016
Robert Kerrigan Investigated for Undisclosed USA Barcelona Outside Business Facing Fraud Charge, Barred for Refusal to Cooperate
May 11, 2016
FINRA Announces MetLife VA Information for Harmed Investors: Acceptance of Compensation Does Not Prevent Pursuit of Claims Against MetLife
May 09, 2016
Robert Turpin Barred for Failing to Cooperate with Selling Away Investigation
May 04, 2016
David Miller Barred, Ordered to Pay $800k in Restitution for Unsuitable UIT Recommendations
May 03, 2016
MetLife Securities Ordered to Pay Record-High $25 Million for Negligent Variable Annuity Replacement App Misrepresentations and Omissions
April 29, 2016
Paul Valencia Fined & Suspended for Discretionary Trading Without Customer or Firm Authorization
April 26, 2016
Securities America Fined $250k, Broker Stuart Horowitz $100k, for Inadequate Due Diligence, Unsuitable Trading of Preferred Notes
April 21, 2016
Ryan Logan Fined & Suspended for Improperly Changing Client Contact Information, Causing Inaccurate Database
April 20, 2016
Equinox Securities, Stephen Oliveira & Chris Palkowitsh Barred for Excessive Trading & Churning in Customer Accounts, IRAs
April 15, 2016
Greg Taylor Accused of Unethical Conduct Involving 75-Year-Old Widow with Dementia, False Statement to Firm
April 13, 2016
Former Wedbush Associate Shiva Naby Fined $25k & Suspended for Falsifying MSRB Documents
April 13, 2016
Leonard Goldberg Barred for Fraudulent Use of Mutual Fund and ETF Discretion, Causing Over $123,600 in Customer Losses
April 08, 2016
Daniel Liang Fined & Suspended for Falsifying HSBC Documents, Requesting Customers Sign Blank/Incomplete Mutual Fund Forms
April 05, 2016
FINRA Files Complaint Against BrokerBank, Alleging Misleading Press Releases & Recommendations
March 31, 2016
Alfred Chan Fined & Suspended for Unauthorized Indexed Annuities Sales, REIT Risk Disclosure Failures
March 29, 2016
Coburn & Meredith Fined $75k, Ordered to Pay $203k in Restitution for Failing to Apply UIT Sales Charge Discounts
March 25, 2016
Facing Possible Discipline, Scottsdale Capital Advisors Sues FINRA Over Enforcement Authority
March 23, 2016
Wedbush Securities Fined $675,000 for Supervisory Violations in 'Chronic' ETF Delivery Failures, Short Sales
March 11, 2016
William Brown Fined & Suspended for Improper Discretionary Trading Without Authorization
March 07, 2016
FINRA Fines RBC Capital $300k for Failing to Disclose Reps' Unsatisfied Liens and Judgments
March 06, 2016
Bahram Mirhashemi Barred for Churning, Excessive Trading & Unsuitable Sales to Elderly Clients Resulting in Losses
March 05, 2016
David Escarcega Barred for Fraudulent Statements, Unsuitable Debenture Sales to Elderly Clients
March 04, 2016
Quest Capital Strategies Fined for Mutual Fund Supervisory Failures, Including Monitoring for Double-Charging Customers
March 02, 2016
7% of Financial Advisers Industry-Wide Cited for Misconduct, Including 20% of Oppenheimer's Advisers
March 02, 2016
Former MetLife & Prudential Broker Winston Turner Accused of Variable Annuity Fraud and/or Deception
February 21, 2016
Finance 500 Fined & Censured for Inadequate Supervision, Misleading Ads
February 19, 2016
George Johnson Barred, Christopher Wynne Suspended for Market Manipulation Scheme
February 17, 2016
SoCal Broker Angelo Talebi Fined & Suspended for Improper Trading in Customer's Account
February 12, 2016
FINRA bars brokers Timothy Stephen Dembski and Walter Francis Grenda for fraud related to sales of Prestige Wealth Management Fund, LP.
February 08, 2016
Next Financial Group, Key Investment Services & Stephens, Inc. to Pay $1.2 Million in Fines and Restitution for Discount Failures
January 26, 2016
Robert Richards Fined and Suspended Over Penny Stock Price Manipulation
January 19, 2016
Former LPL Broker Timothy Richard Yee Fined & Suspended for Unapproved Outside Transactions
January 15, 2016
Irvine's Finance 500 Fined $400k, Multiple Brokers Banned over Penny Stock Sales
January 09, 2016
Michael Nahass Fined & Suspended for Undisclosed Outside Business, False Representations
January 06, 2016
2016 FINRA Priorities Letter Includes Brokerage Firm Culture and Ethics, Suitability, Seniors, Complex Products
January 04, 2016
LPL Financial Ordered to Pay $750k for Improper REIT Sales to Elderly Client
December 29, 2015
Barclays Capital Ordered to Pay $13.75 Million for Mutual Fund Suitability Violations
December 23, 2015
Merrill Lynch Settles 23 Complaints Against Barred Broker Thomas J. Buck for $4.1 Million
December 22, 2015
Cantor Fitzgerald Sanctioned $7.3 Million for Billions of Unregistered Microcap Sales, Supervisory & AML Failures
December 20, 2015
Fidelity Brokerage Services Ordered to Pay $1 Million for Supervisory Failures Related to Lisa Lewis' Elder Theft
December 19, 2015
J.P. Morgan Ordered to Pay Over $300 Million for Conflict of Interest Disclosure Failures
December 15, 2015
William Watson Fined & Suspended for Misleading, Unfair and Unbalanced Marketing
December 04, 2015
SEC Bars of Ralph Calabro, Jason Konner, and Dimitrios Koutsoubos for Churning
November 16, 2015
Scottrade Fined $2.6 Million for Failing to Keep E-mails and Records, Poor Supervision
November 10, 2015
MetLife: FINRA to Seek Significant Fine for Variable Annuities Violations
November 05, 2015
Anthony Kerrigone Fined $10k & Suspended for Selling Short Securities He Failed to Locate
October 29, 2015
FINRA Orders 5 Firms to Pay $18 Million in Restitution for Overcharged Mutual Funds
October 14, 2015
FINRA Files Complaint Against John Joseph Arnold, Alleging His False Statements Allowed Imposter to Steal $127,200
October 09, 2015
Emily S Pao Barred for Failure to Cooperate with Conversion Investigation
October 07, 2015
FINRA Expels Halcyon Cabot Partners and Bars CEO Michael Morris, CCO Ronald Heineman for Fraud, Fee Kickback Scheme
September 25, 2015
Heidi Diana Carter Barred After Investigation into Alleged Theft from Customer
September 24, 2015
FINRA Bars Willard Lee Golightly for Supervisory Failures over Excess Concentration in Illiquid Securities, REITs
September 22, 2015
FINRA Bars or Suspends 10 Cockroach Brokers at Global Arena Capital Corp. for Misleading Pitches, Churning, and Other Misconduct
September 20, 2015
Dean Michael Yurica Fined, Suspended for Falsifying Customer Documents, Re-Using Signatures
September 14, 2015
Marisa Nicole Pickar Suspended for Falsifying Documents, Reusing Customer Signatures
September 10, 2015
Darlene Kay Bandy Barred for Failure to Cooperate with Investigation into Conversion of Funds
September 03, 2015
Former B.B. Graham Broker Russell P. Macke Suspended After 16th FINRA Disclosure
August 28, 2015
FINRA Bars Former Securities America Broker Derek Lee Miller Over Unsuitable Trading Investigation
August 26, 2015
Charles Schwab Fined $2 Million for Significant Net Capital and Supervisory Deficiencies
August 19, 2015
Glenn Moffitt Barred Over Allegations He Converted Over $370,000 from Elderly Customer, Churned His Accounts
August 12, 2015
'Real Housewives of Beverly Hills' StockCross Financial Services Firm Fined for Naked Short Selling
August 11, 2015
Gehrin Michael Ortiz Barred After Investigation into Material Disclosure Violations and Omissions
August 07, 2015
Caldwell International Securities Corp's Rasheed "Richard" Adams Barred for Churning, Excessive Trading
August 06, 2015
Wells Fargo Advisors Censured, Fined $500,000, $242k in Restitution Ordered for Unsuitable STRATS Sales
August 05, 2015
Michael J Talin Barred for Failure to Cooperate with Misappropriation, Elder Theft Investigations
August 04, 2015
FINRA Fines Aegis Capital $950,000 for Unregistered Penny Stock Sales and AML Violations
July 31, 2015
Ex-Billion-Dollar Merrill Lynch, RBC Broker Thomas J. Buck Barred for Overcharging and Misleading Clients, Fraud
July 20, 2015
FINRA Bars John Anthony Waszolek for Improperly Appointing Himself Successor Trustee for Diminished Capacity Elder, Attempting to Inherit $1.8 Million
July 15, 2015
FINRA Fines Ascendiant Capital Markets of Irvine, CA for Failure to Supervise, Inadequate Handling of Customer Complaint
July 14, 2015
Former JP Morgan Chase Banker Daniel Colon Barred for Taking Money from Customer
June 29, 2015
Bruce R Geiger Fined & Suspended for Falsifying Annuity and Life Insurance Forms Causing $500k in Withdrawals
June 24, 2015
SEC to Fight Financial Elder Abuse and Fraud by Upping Broker and Advisor Oversight in Retirement Accounts
June 23, 2015
Morgan Stanley & Scottrade Fined $950,000 for Failing to Detect Third-Party Wire Transfers due to Inadequate Supervisory Systems
June 17, 2015
Heedo "Joshua" Han Barred for Failure to Cooperate with Investigation into Forgery Case
June 11, 2015
Michael J. Strasser, a Broker with 22 Disclosures, Fined & Suspended for Failure to Disclose Judgment
June 09, 2015
Michael A. DeMaria Fined & Suspended for Unauthorized Transfer of Customer Funds
June 05, 2015
William G Stapleton Barred After Investigation into Annuity Misrepresentations
May 21, 2015
Bradley Claus Barred for Misrepresentation, Unauthorized Oil & Gas and Restaurant Investment Solicitations and Transactions
May 15, 2015
Morgan Stanley Fined $2 Million for Short Sale & Interest Reporting Violations
May 08, 2015
Raymond Daniel Schmidt Barred After Borrowing $2.25 Million from LPL Financial Clients
May 06, 2015
FINRA Sanctions LPL Financial $11.7 Million for Major Supervisory Failures in ETF, REIT and VA Products
May 01, 2015
Larry M. Phillips Fined, Suspended, Restitution Ordered for Overcharging Customers
April 29, 2015
FINRA Orders Avenir Financial Group to Stop Selling to Elderly Customers, Bars Cesar Rodriguez for Fraud
April 28, 2015
CFP Board Censures 23 Advisors, Issues Revocations, Suspensions for Unethical Practices
April 23, 2015
FINRA Fines RBC $1 Million, Orders $434,000 in Restitution for Reverse Convertible Failures
April 16, 2015
Commonwealth Capital Corp. CEO Kimberly Springsteen-Abbott Barred, Disgorgement Ordered for Misusing Investor Funds
March 31, 2015
H. Beck, LaSalle St. Securities, and J.P. Turner & Company Fined $700,000 for Inadequate Supervision
March 27, 2015
Oppenheimer & Co. to Pay $3.75 Million in Fines & Restitution for Failing to Supervise Thieving Broker Mark Hotton
March 26, 2015
Loreta Salinas Nelson Fined & Suspended for Serving as Co-Trustee for 100-year-old Client Without Firm Permission
March 24, 2015
Artak Daldumyan Fined & Suspended for Unapproved Outside Business Activities
March 19, 2015
Nicholas C. Kramer Barred for Misappropriating Funds by Using Fake Identity
March 13, 2015
With 14 Pending Customer Disputes Alleging Misrepresentation and False Statements in Variable Annuity Transactions, FINRA Files Complaint Against Anthony Diaz
March 11, 2015
FINRA Censures and Fines UBS $500,000 for Failing to Disclose Broker Issues to Regulators
March 07, 2015
FINRA Bars Broker Michael Korson for Misusing Investor Funds from an Undeclared Outside Business Activity
March 05, 2015
Dalas Lee Gundersen Fined, Suspended & Ordered to Disgorge Excess Commissions Earned Through Unsuitable Sales, and Over-Concentration of Mutual Funds
March 04, 2015
FINRA Fines & Suspends Former Murphy & Durieu CCO Frede for Compliance Failures, Penny Stock Woes
February 28, 2015
Former LPL Broker James Rosebrough Fined & Suspended for Undisclosed Outside Business Activity
February 20, 2015
OHO Bars Sharon H Goodale After Allegations of Improperly Signing Pre-Filled Applications
February 19, 2015
Michael Richard Crow Fined and Suspended for Unauthorized Use of Discretion
February 17, 2015
Foothill Securities, CCO Stephen Shipp Fined $235k for Inadequate Policies, Systems and Procedures
February 15, 2015
BMA Securities Compliance Officer Dudley Muth Fined & Suspended for Inadequate AML Systems
February 09, 2015
Ronald Paul Rafaloff Barred for Converting Elderly Retiree's Funds for Personal Use
February 06, 2015
FINRA Punishes JP Morgan's Gary R. Dennis for Outside Business Activity, and Shannon S. Hampton for Check Kiting
February 05, 2015
Paul DeFilippis Fined & Suspended for Helping Move Elderly Client's Funds to New Account in DeFilippis' Name
February 02, 2015
Shawn Michael Richardson Censured and Fined for Exercising Discretion Without Permission
January 27, 2015
FINRA Fines, Suspends BMA Securities President Burt Martin Arnold for Compliance Failures
January 19, 2015
Kevin Luby Fined $25k, Suspended for Disclosure Failures Related to Elderly Customer's Trust and Estate
January 18, 2015
UBS Fined Record $12 Million Plus $2.5m in Disgorgement, Interest for Dark Pool Disclosure Violations
January 16, 2015
Merrill Lynch Fined $175k for Failing to Timely Report Complaints of Defrauding Adviser Who Escaped to LPL
January 14, 2015
FINRA Bars George Carris, Expels Firm John Carris Investments for Fraud and Recklessness
January 11, 2015
'Wall Street 2's Anastasios Belesis Barred, Restitution Ordered for Penny Stock Violations, Trading Ahead, Hiding Evidence
January 09, 2015
Chase Bishop Casson Barred for Failure to Cooperate with Investigation into Private Securities Transactions
January 08, 2015
FINRA Files Complaint Against Bradley Claus, Alleging Improper Oil and Gas Sales, Falsely Tying a Security to Justin Timberlake
January 02, 2015
Sagepoint's Daryl R. Lemon Barred for Margin Abuse, Excess Fees After 1,000+ Transactions in Elderly Client's Discount Brokerage Account
December 29, 2014
To Patch Loophole, FINRA to Provide Insurance Regulators with Monthly Disciplinary Reports
December 27, 2014
LPL, Commonwealth's Angela Marie Borchardt, and Kenneth William Schulz Barred for Customer Impersonation Scheme
December 23, 2014
Wells Fargo Advisors' former advisor, Jeffrey C. McClure, Barred for Taking $88,850 from Elderly Client
December 22, 2014
Wells Fargo Advisors Fined $1.5 Million for Anti-Money Laundering Failures
December 17, 2014
Wedbush Ordered to Pay $350,000+ After Losing FINRA Appeal
December 13, 2014
FINRA Fines 10 Firms from Barclays to Wells Fargo $43.5 Million for Giving Favorable Research Coverage of Toys"R"Us IPO in Exchange for Banking Business
December 09, 2014
Joseph Pappalardo Barred for Fraud, Soliciting Investments in Fake Company
December 06, 2014
David Lawrence Gabai Barred for Deceptive, Fraudulent and Manipulative Schemes
December 03, 2014
Tammara Lynne Collins Fined & Suspended for Improperly Altering Annuity Purchase Documents
December 02, 2014
Tony Albert Nessan Fined & Suspended for Improperly Marking Recommended Sales as Unsolicited
November 26, 2014
Swiss HSBC Private Bank Admits Wrongdoing, to Pay $12.5 Million for Providing Unregistered Brokerage in USA
November 26, 2014
Patrick Richard Harrison Barred for Private Securities Transactions That Lost Elderly Clients $340,000
November 24, 2014
FINRA Fines Citigroup $15 Million for Supervisory Failures in IPO Research and Non-Public Communications
November 16, 2014
NASAA Names Top 9 Investor Threats for 2015
November 15, 2014
OC's Robert Klein, Other Brokers with History of Disciplinary 'Red Flags' Flocking to Hotspots for Misconduct, Elderly Investors
November 12, 2014
Sally Samaris Barred for Failure to Cooperate in Mortgage Fraud Investigation
November 07, 2014
Kent George Lehman Barred for Improperly Borrowing From Customers, Failure to Cooperate
October 29, 2014
Merrill Lynch Fined $6 Million for Short Sale Violations and Supervisory Failures
October 21, 2014
Jonathan Kohanof Barred for False Testimony in Insider Trading Investigation
October 15, 2014
Thomas David Sharp Fined and Suspended for Improper REIT E-mail Solicitations
October 14, 2014
Travis Capson, Arnab Sarkar Fined and Suspended for Failing to Disclose Outside Business Activity, Denari Capital LLC
October 10, 2014
Luciano Andres Battioli Barred for Conversion, Forgery and Falsification
October 07, 2014
Jo Ellen Fisher Barred, Sued for Allegedly Stealing $1 Million from 95-Year-Old Client
October 02, 2014
SWS Charged with Inadequate Supervision of VA Transactions
September 30, 2014
WFG Investments Inc. Expecting Second Six-Figure Fine in Two Years After $200k Fraud Penalty
September 26, 2014
2014's 12 Worst Financial Advisors List Features Ponzi Schemes, Scams and Frauds
September 18, 2014
Bradley Thomas Badger Fined and Suspended for Undisclosed Outside Trading and Real Estate Business
August 30, 2014
Matthew John Davis Barred For Failure to Cooperate with FINRA Investigation into Misconduct, Forgery Claims
August 28, 2014
Citigroup Fined $1.85 Million, Ordered to Pay $638,000 Restitution for Non-Convertible Preferred Securities Violations
August 14, 2014
Ex-Wells Fargo Broker, Michael James Frew, Barred for Failure to Cooperate with Investigation into Alleged Conversion of Funds and Ponzi Scheme
August 09, 2014
Tony Huang, formerly of NY Life Securities, LLC, Barred for Falsifying Life Insurance Applications
August 08, 2014
Former LPL Financial's Mehrdad Farhat Fined, Suspended for Undisclosed Outside Business Activity
July 31, 2014
Five Newport Coast Brokers Charged with Churning Resulting in $1 Million Losses
July 28, 2014
Jason O'Neal Lampier Barred for Fraudulent Misrepresentations Related to Oil and Gas Limited Partnerships
July 25, 2014
David Paul Diehl Suspended, Fined for Failure to Pay Promissory Note Interest, No Notification to Firm
July 18, 2014
William C. Yi Barred for Altering Customer's Check, Converting Funds for Personal Use
July 06, 2014
Kent Michael Houston Fined $75k & Suspended for Concealing Compensated Trustee Activity
July 03, 2014
FINRA Bars Steven Yi for Failure to Provide Information
June 25, 2014
FINRA Bars Dale Herman Stevens for Serving on Hedge Fund Board without Disclosing Financial Interest to Firm
June 23, 2014
Former LPL Financial Broker Joshua Allen Farahi for Unauthorized Outside Business Activity
June 19, 2014
Gary Allen Cabello Barred for Conspiring to Commit Bribery
June 17, 2014
Securities and Exchange Commission Upholds FINRA'S Censure and $50,000 Fine of Member Firm CapWest Securities Over Tenant-in-Common Investments
June 12, 2014
At IAA Financial, 84% of Brokers Came from Expelled Firms, 54% with Previous Disclosure Records
May 27, 2014
Disgraced HSBC Rep Ann Maria Ferrao Barred After Alleged Misappropriation of Funds
May 24, 2014
JP Morgan's Kirk Eric Archibald and Michael Linfeng Zheng Barred for Unauthorized Conversion of Customer Funds
May 14, 2014
Broker Matthew Trulli Suspended for Illicit Borrowing of Nearly $200k in Customer Funds
May 12, 2014
William Jeffrey Austin Fined & Suspended for Exercising Discretion Without Authorization or Consent
May 07, 2014
Morgan Stanley Fined $5 Million for Supervisory Failures Related to Initial Public Offering Sales
April 27, 2014
Douglas Frank Cmelik Fined & Suspended for Inaccurately Marked "Unsolicited" Penny Stock Sales
April 23, 2014
Infinex Fined for Unsuitable Recommendations of Non-Traditional Inverse, Leveraged ETFs
April 11, 2014
Magnolia Gaerlan Fined & Suspended for Effecting Unauthorized Wire Transfers
April 07, 2014
Steven Robert Tomlinson Fined & Suspended for Downloading Confidential Customer Information
April 06, 2014
Michelle Lee Kern Barred for Unlawful Conversion of $669,000 in Client Funds
April 02, 2014
Former MetLife Brokers Christopher Birli & Patrick Chapin Named in Civil Complaint Regarding $21 Million Annuities Scheme
March 25, 2014
LPL Financial Fined $950,000 for Concentration Violations in Alternative Investments, Non-Traded REITs Sales
March 22, 2014
Irvine Firm Accelerated Capital Group Fined for Misleading and Exaggerated Website Information
March 18, 2014
Citigroup Global Markets Ordered to Pay $1.1 Million for Illegal Short Selling Prior to Public Offerings, Supervisory Failures
March 15, 2014
Integral Financial, Weiming "Frank" Ho Fined for Repeated Non-Compliant Communications in Complex Product Promotions
March 11, 2014
Girard Securities Fined for Supervisory Failures Concerning Fraud Prevention Tactics
March 06, 2014
The Vertical Group Fined & Ordered to Revise WSPs in Wake of Trade, Records & Supervisory Violations
March 04, 2014
FINRA Fines Los Angeles Firm E.J. De La Rosa & Co., Orders Restitution for Compliance Failures Including Unfair Practices, WSP Inadequacies & Improper Reimbursements
February 28, 2014
Sutherland Review: FINRA Fines Decrease 27%, Actions Reported Remains Flat
February 25, 2014
Berthel Fisher & Co. Financial Services, Affiliate Fined $775,000 for Compliance Failures, Inappropriate Alternative Investment Sales
February 20, 2014
Former Wedbush Securities Rep Karen Ann Mendez Barred for Misappropriation of Funds, Falsified Records
February 18, 2014
Former Merrill Lynch Adviser Gary H. Lane Given 10 Year Prison Sentence for Defrauding Elderly Investors via Ponzi Scheme
February 17, 2014
Patrick Joseph Donohue Barred for Prohibited Business Activities with Elderly Clients, False Statements & Unauthorized Wire Transfers
February 14, 2014
Jose Jesus Martinez Jr. Barred for Wrongful Conversion of Elderly Customer Funds
February 12, 2014
CFP Advisors Steven Wilkinson, Noah Myers, Dan Glick & Robert Wheeling Stripped of CFP Certification for Misconduct
February 01, 2014
Banorte-Ixe Securities Fined $475K for Anti-Money Laundering Program Failures
January 28, 2014
JP Morgan's Stephanie Ann Becker Barred for Improper Conversion of Customer Funds
January 20, 2014
Lisa Ann Timmerman Fined & Suspended for Writing Checks in Accounts with Insufficient Funds
January 16, 2014
Edward D. Jones Fined $200K + $52,000 in Restitution for Improper ETF Sales
January 09, 2014
FINRA Orders Stifel, Nicolaus & Company, Century Securities to Pay Over $1 Million in Fines, Restitution Over Unsuitable Non-Traditional ETF Sales, Supervisory Deficiencies
December 31, 2013
Scott Donovan Schroeder Barred for Unsuitable Investment Recommendations to Elderly Customers, Material Misrepresentations and Omissions of Fact
December 30, 2013
Bambi Holzer Barred for Unsuitable Provident Royalties Sales, Failure to Disclose and Submission of False Information
December 24, 2013
Gary J. Chackman Barred for Unsuitable Non-traded REIT Transactions
December 21, 2013
Deutsche Bank Securities Fined $6.5 Million for Serious Deficiencies in Lending Program
December 18, 2013
Solicited Leveraged ETF Tickets Marked as Unsolicited is Risky Business
December 16, 2013
Adviser Rafael R. Sanchez Barred & Ordered to Pay $4.6 Million in Damages Over Real-Estate Fund Damages
December 11, 2013
Oppenheimer Fined $675,000 + $246,000 in Restitution for Unfair Municipal Securities Prices; Head Trader David Sirianni Suspended & Fined $100,000
December 09, 2013
JP Turner Ordered to Pay Over $700,000 in Restitution for Unsuitable Complex ETF Sales, Excessive Switching
December 03, 2013
Two Ex-JP Morgan Brokers Barred for $300,000 Theft from Elderly Woman with Diminished Mental Capacity
November 27, 2013
Paul David Arnold Barred for Misappropriating $242,000 from Elderly Customer's Brokerage Account
November 20, 2013
Brian Matt Borakowski, George Alexander Kardaras Barred for Promissory Notes Ponzi Scheme Fraud
November 10, 2013
TD Ameritrade Clearing & SG Americas Securities Fined $1.8 Million for Reporting, Supervisory Violations
November 06, 2013
Meghan E. Kassel Fined and Suspended for Submitting Falsified Variable Annuity Document
October 15, 2013
SEC: Small Violations Can Lead to Strong Enforcement, Sanctions, and Fines
October 05, 2013
FINRA Charges John Carris Investments and CEO George Carris with Fraud and Stock Manipulation
September 25, 2013
Jerry Dean McGlothlin Barred for Unauthorized Outside Business Private Securities Activities
September 24, 2013
DeCarla Shevon Mathis Fined and Suspended for Fraudulent $100,000 Wire Transfers
September 20, 2013
Wade Harlow Bradley Fined & Suspended for Willful Disregard of Minimum Offering Condition, False Representations and Failure to Comply
September 11, 2013
Wendy Janeen Worcester Fined and Suspended for Multiple Due Diligence Failures
September 05, 2013
Jennifer Marie Burton Fined and Suspended for Falsely Claiming Customer Correspondence, Leading to Improper Wire Transfers
August 30, 2013
SEC Upholds FINRA Decision Banning Former Firm Founder Carl Birkelbach for Failure to Supervise
August 23, 2013
Morgan Stanley Fined $1 Million, Ordered to Pay $188,000 in Restitution for Bond Pricing Failure
August 20, 2013
Jon Eric Guay Barred for False Representations, Improper Use and Conversion of $225,000 in Customer Funds
August 08, 2013
Christopher Michael Bones, David Shelton Brown, Jr. Fined & Suspended in Separate Instances of Unauthorized Discretionary Trading
August 07, 2013
Sunset Financial Fined $200,000, plus $84,253 in Partial Restitution Ordered for Supervisory Failures
July 22, 2013
John Thornes Barred for Stealing $4.2 Million from Elderly Alzheimer's, Scholarship Accounts
July 19, 2013
Newedge USA, LLC Fined $9.5 Million for Supervisory and Bookkeeping Faults
July 15, 2013
Frank John Tarazon Fined & Suspended for Improper Borrowing from Elderly Customer
July 09, 2013
Joseph John Antosh Jr. Barred for Failure to Cooperate with Investigation into IRA Beneficiary Switch
July 09, 2013
Richard Joseph Gobel Fined and Suspended for Discretionary Trading without Written Authorization
July 05, 2013
Theresa I. Reyes Barred for Engaging a Customer's Business Credit Card Account without Authorization
July 03, 2013
Kelly Ann Willey Barred After Directing Elderly Customer to Write Checks to Her Personally
July 01, 2013
Forrest Nolan Jackson Barred for Selling Away of Notes Related to SEC Lawsuit Defendant
June 28, 2013
Donald Wayne Hastings Barred for Improperly Placing Elderly Customer's Funds in Business Account
June 21, 2013
Steven Robert Aron Barred for Failure to Disclose Information Related to Outside Business Activities
June 20, 2013
Randy Jason Schneider Barred and Ordered to Pay Restitution for Misappropriation of Elderly Customer's Funds and Earnings
June 18, 2013
Advice on Air: Misleading Advertising, Broker Misconduct and the Radio
June 12, 2013
Francis Martin Florey Barred for Attempting to Transfer Elderly Customer's Funds without Authorization
June 10, 2013
Jeffrey Stephen Geraci Suspended, Ordered to Pay Retired Widow Restitution for Unsuitable Recommendations
June 07, 2013
Hugh Monroe Dyson, Jr. Censured, Barred and Ordered to Pay Restitution in Connection with False Representations, Phony IRS Forms and Reports
May 31, 2013
Merle Gene Walter Barred for Failure to Disclose Unethical Misconduct, Civil Judgments, Tax Lien
May 31, 2013
Andrew Lewis Pittman Barred in Relation to Elder Financial Misconduct Allegation
May 28, 2013
David Lloyd Barber Fined and Suspended for Improper Loans, Concealment from Firm
May 27, 2013
Barbara Mary Bolk Fined and Suspended for Forging Customer Signatures, Effecting Unauthorized Transactions
May 26, 2013
Oran Ben Carroll Suspended and Fined for Inadequate Due Diligence, Failure to Supervise
May 20, 2013
Nancy Bolt Hill Fined & Suspended for Allegedly Failing to Disclose Outside Securities Accounts
May 18, 2013
Greg John Campbell Barred in $2+ Million Misappropriation Scheme
May 06, 2013
Roman J Sledziejowski Barred for Converting $4.8 Million in Fraudulent Scheme
May 05, 2013
Sean Francis Sheridan Barred for Recommending Only Funds that Yielded Higher Commissions
May 04, 2013
Thomas Lloyd Kunkel Fined and Suspended for Unsuitable REIT Recommendations to Elderly and Unsophisticated Investor
April 30, 2013
Kenneth Raden Miller Fined $20,000 & Suspended for Negligent Misrepresentations
April 28, 2013
aryl Marc Holzberg Suspended for Failure to Adequately Supervise, Respond to Red Flags
April 25, 2013
Sean Placido Rodriguez Suspended, Fined and Ordered to Pay Partial Restitution for Unauthorized Trading
April 23, 2013
Charles Chul Nam Barred, Ordered to Pay Restitution for Fraudulent REIT Scheme
April 23, 2013
Robert Louis Iola Jr. Fined & Suspended for Inaccurate Portfolio Valuation Summary Distributions
April 23, 2013
Martin Benjamin Feibish Barred For Scheming to Misappropriate Over $5 Million From Elderly Customer Through Fake Investment Vehicles and Forgery
April 14, 2013
Once Granted, Permission to Trade with Discretion Can Be Problematic
March 28, 2013
Jon Herbert Green Suspended For Failure to Repay Elderly Customer's Loan in Timely Manner
March 28, 2013
James Martin Higgs Fined & Suspended for Selling EIAs Outside Firm
March 28, 2013
Steven Joseph Corzan Barred for Unapproved Private Securities Transactions of Positions Linked to Ponzi Scheme
March 24, 2013
Michael Mendenhall Barred for Borrowing from Elderly Customers, Untruthful Reply to FINRA Inquiry
March 24, 2013
LPL Financial Firm Under Fire and On Radar with Several Securities Regulators
March 20, 2013
Gary Reed Feldman Fined &Suspended for Improperly Soliciting Investments
March 20, 2013
Richard Grant Cody Fined & Suspended For Unsuitable and Excess Trading
March 20, 2013
Alberto Neira Barred for Failure to Disclose Outside Business, Investment Sales
March 20, 2013
Jane Elizabeth O'Brien Barred for Unauthorized $3 Million Loans, Failure to Repay Clients, Alleged Securities Fraud
March 20, 2013
Su-Chin Liu Barred In Connection with Investigation into Improper Premium Payments
March 12, 2013
Adorean Boleancu (Wells Fargo) Ordered to Pay $650,000 in Restitution for Improper Conversion of Funds
March 12, 2013
Scott Bailey Nelson Suspended and Fined for Fixed Indexed Annuity Sale Outside of Firm
March 12, 2013
Christian A. Molina Barred for Unauthorized Withdrawal on Altered Bank Slip
March 09, 2013
Christopher Michael Frank Fined & Suspended for Unauthorized Transactions
February 24, 2013
Mark E. Marek Barred When Unsuitable Investment Recommendation After Client Loses Nearly $600,000
February 23, 2013
Broker Gregory Evan Goldstein Fails to Respond to FINRA Requests, Earns Suspension
February 20, 2013
John L. Gathright Jr. Barred for Misappropriating Annuity Funds After Completing VA Surrender Request Forms
February 14, 2013
Jay Sheldon Potter Jr. Fined & Suspended for Confidentially Settling Complaint without Informing Firm
February 13, 2013
Jeffrey Alan Hutman Fined & Suspended in Relation to Variable Annuity Transactions Outside of Firm
February 12, 2013
Richard Lee Ell Sanctioned in Connection with Variable Annuity Transaction Charges & Complaint
February 10, 2013
Mark Everrett Friesen Fined & Suspended for Failing to Report Felony Charges
February 05, 2013
Gabriel Arnaud Dupin De Saint Cyr Fined & Suspended After Forging Form Signatures
February 01, 2013
Henry John Dellaquila Fined $55,000 and Suspended for Unauthorized Variable Annuity Transactions
January 29, 2013
Peter C. Bishop Fined & Suspended For Allegedly Effecting Unauthorized Trades After Customer's Death
January 29, 2013
Marshall Douglas Nelson Suspended for Unsuitable Recommendations to Elderly Customer, Restitution Ordered
January 28, 2013
After Appeal, Nolan Wayne Moore Barred and Fined for Failure to Cooperate, Allegedly Engaging in Undisclosed Outside Business Activities
January 26, 2013
Douglas Gregory Bezio Fined and Suspended for Unsuitable, Unauthorized and Excessive Trading
January 22, 2013
James Charles Allen Barred for Failure to Cooperate with Investigation into Material Misrepresentations and Omissions Regarding Oil and Gas Offerings
January 16, 2013
Tam Thanh Tran (Tom Tran) Barred for Failure to Cooperate with Investigation into Providing False Information
January 15, 2013
Adam Spencer Deane Suspended & Fined $25,000 for Improper Out-of-State VA Transaction
December 28, 2012
Paul Ellsworth McIntosh Barred for Unauthorized Trading Resulting in $40,000 in Customer Losses
December 28, 2012
Matthew Donald Newman Fined & Suspended in Connection with Altered Form Submissions
December 20, 2012
Daniel Leland Chiddister Fined & Suspended for Impersonating Potential Customers
December 18, 2012
Frank Anthony Quartararo for Over Unauthorized Withdrawals from Customer Accounts Totaling Over $775,000
December 06, 2012
Wedbush Securities Fined $375,000; Richard Anthony Lanni and Ronald Edward Vogel Fined and Suspended for Poor Supervisory Systems Related to Variable Annuities
November 26, 2012
Christina Marie Curley Barred Following Allegations She Manipulated Compensation, Transacted in Closed Accounts
November 26, 2012
David Lerner Associates to Pay $12 Million in Restitution in Connection with Inadequate Due Diligence, Excessive Markups
November 12, 2012
Edgar Lee Giovannetti Fined & Suspended for Unauthorized Transaction, Failure to Disclose Lawsuit and Settlement
October 22, 2012
William Michael Jordan Fined and Suspended for Improper Recommendations and Lack of Due Diligence Related to Third Party's Slush Fund Operation
October 22, 2012
John Charles Guys Barred for Misappropriation of Funds, Creating Fake Premium Finance Agreements and Forging Customer Signatures
October 22, 2012
Stuart L Funke Suspended for Soliciting $500,000 in Loans without Firm Approval
October 20, 2012
Fidelity Brokerage Fined $375,000 for Misleading Advertising, Supervisory Failures Related to Mutual Fund Sales
October 12, 2012
Ralph Thomas Gannett Suspended for Inadequate Due Diligence Related to Private Placement Sale
September 11, 2012
FINRA Suspends Christopher Andrew Carra for Posting Allegedly Misleading Messages
September 08, 2012
FINRA Suspends David Waldemar Asplund Jr. for Borrowing $50K from Customers
August 20, 2012
FINRA Suspends James A. Owen and Orders Restitution to his Customers
August 16, 2012
FINRA Bars Edward Allen Mantanona and Orders Restitution
August 15, 2012
FINRA Fines & Suspends and Fines Rochelle Anne Leininger for Improperly Notarizing Documents
August 11, 2012
Christipher Lynn Belonge Fined Over $50,000 & Suspended for Inadequate Supervision Resulting in Significant Investment Losses
August 07, 2012
FINRA Orders Supension of Edward Wedbush and Fines Wedbush Securities, Inc. $300,000
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
July 24, 2012
Alfred Chi Chen Barred for Unauthorized Trading, Unsuitable Recommendations
July 17, 2012
FINRA'S Office of Hearing Officers Issues Decision Barring Broker Alan Jay Davidofsky
July 11, 2012
Thomas Brown Hammond Guilty of Theft, Ordered to Pay Over $500,000 in Restitution, Barred from Industry
July 06, 2012
Gary Lee Cousino Barred for Refusing to Cooperate with FINRA Investigation
June 28, 2012
Tsarina Lau Branyan Fined & Suspended for Unlicensed Sales of Securities
June 24, 2012
Freedom Investors Corp. Fined & Brokers Suspended for Unsuitable Penny Stock Recommendations
June 21, 2012
Merrill Lynch Fined $2.8 Million for Overcharging Customers $32 Million in Fees
June 20, 2012
John Brady Guyette Suspended & Fined for Fraudulent Misrepresentations in Recommending Investment Options
June 20, 2012
Daniel Edward Becerril II Barred from Securities Industry After Orchestrating Fraudulent Scheme
June 20, 2012
Michael Douglas Venable Barred for Multiple Violations Related to Sales of ETFs
June 11, 2012
Brookstone Securities Fined $1 Million, CEO Antony Turbeville Barred for Fraudulent Sales of CMOs to Elderly Clients
June 06, 2012
Yong "Michael" Chen Fined, Suspended for Failure to Report Outside Business Activities
May 24, 2012
Timothy David Cochrane Permanently Barred for Fraudulent Investment Scheme
May 22, 2012
Charles Oscar Boneck, Jr. Barred by FINRA for Unauthorized Transactions
May 17, 2012
Discipline: Midas Securities & Registered Principal Jay S. Lee Disciplined for Unlawful, Irresponsible Conduct
