Excessive Trading

Posts In Excessive Trading

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 Jan 01
FINRA issued a $1.5 million penalty to Worden Capital Management, including $1.2 million in ...
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Oppenheimer, Already Sanctioned $3.8 Million, Sees Broker Penalized for Premature & Unsuitable UIT Sales & Trades Aug 04
In January 2020, FINRA ordered Oppenheimer & Co. to pay $3.8 million in restitution and fines for ...
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Fired Morgan Stanley Broker Stephen Sloane Under Investigation for Unsuitable Recommendations in Quickly Trading Long-Term Investments Jul 29
FINRA opened an investigation into Stephen Sloane, a Westpark Capital broker fired by Morgan Stanley ...
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Wells Fargo Fined for Failing to Supervise Rep's Excessive Trading; Matthew Maczko Barred Feb 06
FINRA fined Wells Fargo Advisors for failing to reasonably supervise a representative who ...
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Financial West Group (LA) Broker Daniel Maughan Barred for ETF Churning & Excessive Trading Oct 17
FINRA barred broker Daniel Gordon Maughan of Financial West Group's Brentwood (Los Angeles, CA) ...
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Broker John Charles Wyshak Ordered to Pay Nearly $1 Million Over Churning Allegations at Raymond James Oct 16
A FINRA arbitrator ordered former Raymond James broker John Charles Wyshak of the firm' Los Angeles, ...
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