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Municipal Securities

January 06, 2022 RBC Capital's Unsuitable Concentration in High-Yield Bonds Nets $1 Million Settlement
September 20, 2017 Mehran 'Ron' Tazhibi Sanctioned for Unsuitable Speculative Bond Recommendation to Retired Clients
February 02, 2017 Lawson Financial, CEO Robert Lawson Barred for Fraudulent Municipal Bond Sales
April 13, 2016 Former Wedbush Associate Shiva Naby Fined $25k & Suspended for Falsifying MSRB Documents
May 01, 2015 Larry M. Phillips Fined, Suspended, Restitution Ordered for Overcharging Customers
March 05, 2015 Dalas Lee Gundersen Fined, Suspended & Ordered to Disgorge Excess Commissions Earned Through Unsuitable Sales, and Over-Concentration of Mutual Funds
December 24, 2014 FINRA Charges Wedbush, Peter Julijs Auzers, Shiva Naby, and Samantha Arrieta McAfee in MSRB Supervisory Failure, Untimely Reporting of $13.5 Million-worth of Transactions
June 19, 2014 Gary Allen Cabello Barred for Conspiring to Commit Bribery
June 06, 2014 Concentration Risk: The Implications of Putting All Your Eggs in One Basket
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
December 11, 2013 Oppenheimer Fined $675,000 + $246,000 in Restitution for Unfair Municipal Securities Prices; Head Trader David Sirianni Suspended & Fined $100,000