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Unauthorized Trading
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April 28, 2021
Sun Hyung Kim Barred for Unauthorized Trading, False & Misleading Statements
June 15, 2020
Raymond James Broker Frederick Stow Charged with Fraud After $943,500 IRA Theft
January 25, 2019
Unauthorized Trading, Suitability, and Customer Abuse Complaints Catch Up to Wedbush's William Mark Heiden of Southern California
March 26, 2019
Broker Bonuses and Forgivable Loans - When Brokers Place Personal Profits Above Client Interests, a William Mark Heiden Case Study
February 20, 2019
Disgraced Merrill Lynch Broker Thomas Buck Sentenced to 40 Months in Prison for Securities Fraud
January 17, 2019
Donald Logan Fined $25k for Unauthorized Discretionary Trades, Having Customers Sign Blank Documents
November 23, 2018
San Diego "Financial Whiz of Local Airwaves" Kyle Harrington Barred After Conversion, Undisclosed Private Securities Transaction Investigations
October 10, 2018
Daniel Kittner Suspended for 700 Unauthorized Discretionary Trades
August 27, 2018
Ex-Wells Fargo Broker Joseph Eschleman Sanctioned for Unauthorized Use of Discretion
July 09, 2018
IFG's Dennis Contrestano Cited for Unauthorized Transactions at Prior Firm RBC
April 26, 2023
Todd Anderson Cited for Unsuitable Recommendation That Senior Purchase $1 Million of Mutual Funds
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
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
October 05, 2021
Ex-Vorpahl Wing & LPL Financial Broker Lee Victor Nordstrom Barred After Allegedly Placing IRA Trades 4 Days After Client's Death
August 26, 2021
Jason Seale Cited for Discretionary Trading Without Permission
April 30, 2021
Antoine Nabih Souma Under Investigation After JP Morgan Pays $14 Million to Settle Dispute
March 23, 2021
JP Morgan Broker Trevor Rahn Disciplined for Unauthorized Trading, Improper Discretion, and Mismarking Solicited Orders
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
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
August 20, 2020
Wedbush's David Hirons Accused of Unauthorized Trading
July 23, 2020
James Daughtry Barred in 'Potentially Fraudulent and Unauthorized Transactions' Investigation
July 14, 2020
Merrill Lynch, Charles Kenahan Under NH Investigation for $100+ Million Churning & Unauthorized Trading
June 30, 2020
Barry Hartwyk Disciplined for Unauthorized Use of Discretion
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
April 16, 2020
CFP Board Suspends California's Michael Altobell & Richard LaBare
March 24, 2020
Coronavirus Losses, Stock Market Decline Expose Fraudulent Schemes
January 23, 2020
Shlomo Strugano, Former First Allied Broker, Barred During Forgery Investigation
December 05, 2019
Eugene Gordon Cited for Allowing Wife's Unauthorized Withdrawals From Morgan Stanley Client's Account
September 23, 2019
Clay G Erickson Sanctioned in $5 Million-Worth of Unauthorized VA Transactions
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
April 18, 2018
Merrill Lynch Broker Jonathan Belden Fined & Suspended for Unauthorized Use of Discretion, Trading Restricted Security
April 03, 2018
In Wake of Unsuitable Recommendations Action, FINRA Bars Lawrence John Fawcett for Failing to Cooperate with Outside Business Activities Investigation
March 16, 2018
David Barber's Unauthorized Trades Prompts FINRA Bar, $2 Million Churning Award
February 13, 2018
Guilty of Fraudulent Scheming to Overcharge Clients, SEC Bars Ex-Merrill Lynch Rep Thomas J. Buck
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 08, 2018
John William Bernard Sanctioned for Unauthorized Exercise of Discretion at LPL Financial
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 16, 2017
Stockbroker and Blue Line Brewery Owner Mark Gillis Pleads Guilty to Securities Fraud
November 10, 2017
Lisa J. Lowi Barred During Investigation into Unsuitable Trading, Unauthorized Transactions Complaints
October 20, 2017
Ex-Newport Coast Securities Broker George Dahl Barred in 15th Disclosure
October 11, 2017
Ex-Ameriprise Brokers Jack McBride and Stuart Pearl Cited by FINRA for Improper Margin Trades
September 28, 2017
Ex-LPL Rep Sonya D Camarco Charged with Securities Fraud and Theft in Colorado
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
August 30, 2017
Facing Allegations of Fraud and Churning, Frederick Houck Suspended for Unauthorized Use of Discretion
August 27, 2017
SEC Freezes Ex-LPL Broker Sonya D Camarco's Assets in Alleged $2.8 Million Fraud and Misappropriation Scheme
August 21, 2017
Jay Dee Jordan Barred for Unsuitable ETF Trading Resulting in $8 Million Loss, Settling Away
July 19, 2017
Larry Wolfe Fined & Suspended for Unauthorized Discretionary Trading in Accounts of 39 Customers
June 16, 2017
Ex-IFG and Centaurus Broker Calvin Moores Barred After FINRA Investigation, OTC Dispute Alleging Fraud, Complaint Alleging Elder Abuse
June 12, 2017
Kim Dee Isaacson Charged with Fraudulent Misrepresentations, Unauthorized Transactions in Elderly Client's Account
May 31, 2017
FINRA Investigating Joseph Farah for Churning, Suitability, Undisclosed Outside Business Activities, Misrepresentations
May 01, 2017
Ex-Raymond James Broker Scott Sibley Barred for 900 Unauthorized Transactions, Unsuitable Recommendations to 10+ Seniors
April 19, 2017
Hossein Amirraiahei Barred Over Unauthorized Discretionary Trading Investigation
March 02, 2017
Craig Dima Barred for $15 Million of Unauthorized & Unsuitable Trades in Elderly Client's Retirement Account
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 09, 2017
Dion Padilla Sanctioned for Unauthorized, Misrepresented, and Concealed Variable Annuity Purchase
February 06, 2017
After Separation from JP Morgan, Robert Stewart Says He Just Followed Firm's Longstanding Practice
January 10, 2017
Complaint Alleges Kelly Althar's Unsuitable and Excessive Trading Caused $187,000 Loss in Elderly Client's Accounts
December 17, 2016
Kai Chen Fined & Suspended for Unauthorized Use of Discretion at Credit Suisse
October 18, 2016
Gregory Bauer Barred After Forgery Leads to $400,000 in Unauthorized Withdrawals
October 04, 2016
Betty Lai Johnson Disciplined for Impersonating Customer, Liquidating Account
August 24, 2016
Ex-LPL Financial & Crown Capital Broker Eric Kuchel Barred After Failing to Cooperate with Mutual Fund Investigation
August 22, 2016
Morgan Stanley to Pay $4.7 Million for Failure to Supervise Broker's Unauthorized Trading, Settlement to Include Dimes-on-the-Dollar Payment to Burned Clients
April 29, 2016
Paul Valencia Fined & Suspended for Discretionary Trading Without Customer or Firm Authorization
March 19, 2016
Risky, Unsuitable Investments in Poorly Performing Energy, Oil and Gas Ventures May Lead to FINRA Claims
March 11, 2016
William Brown Fined & Suspended for Improper Discretionary Trading Without Authorization
October 20, 2015
James Christianson Fined, Suspended for Unauthorized Use of Discretion
September 16, 2015
FINRA Fines, Suspends Tyler Boone Powell for Improper Use of Discretion
July 31, 2015
Ex-Billion-Dollar Merrill Lynch, RBC Broker Thomas J. Buck Barred for Overcharging and Misleading Clients, Fraud
June 09, 2015
Michael A. DeMaria Fined & Suspended for Unauthorized Transfer of Customer Funds
March 05, 2015
Dalas Lee Gundersen Fined, Suspended & Ordered to Disgorge Excess Commissions Earned Through Unsuitable Sales, and Over-Concentration of Mutual Funds
February 19, 2015
Michael Richard Crow Fined and Suspended for Unauthorized Use of Discretion
February 02, 2015
Shawn Michael Richardson Censured and Fined for Exercising Discretion Without Permission
December 27, 2014
LPL, Commonwealth's Angela Marie Borchardt, and Kenneth William Schulz Barred for Customer Impersonation Scheme
May 12, 2014
William Jeffrey Austin Fined & Suspended for Exercising Discretion Without Authorization or Consent
May 01, 2014
NSM Securities, Bhasin, Bhagwani & Balchandani Disciplined for Supervisory, Suitability and Compliance Failures, Churning and Unauthorized Trading Activity
April 11, 2014
Magnolia Gaerlan Fined & Suspended for Effecting Unauthorized Wire Transfers
October 17, 2013
NASAA Calls Out New Scams, Rotates Five of Top 10 Investor Threats
October 15, 2013
SEC: Small Violations Can Lead to Strong Enforcement, Sanctions, and Fines
August 30, 2013
SEC Upholds FINRA Decision Banning Former Firm Founder Carl Birkelbach for Failure to Supervise
August 08, 2013
Christopher Michael Bones, David Shelton Brown, Jr. Fined & Suspended in Separate Instances of Unauthorized Discretionary Trading
July 09, 2013
Richard Joseph Gobel Fined and Suspended for Discretionary Trading without Written Authorization
June 07, 2013
Hugh Monroe Dyson, Jr. Censured, Barred and Ordered to Pay Restitution in Connection with False Representations, Phony IRS Forms and Reports
April 25, 2013
Sean Placido Rodriguez Suspended, Fined and Ordered to Pay Partial Restitution for Unauthorized Trading
March 24, 2013
LPL Financial Firm Under Fire and On Radar with Several Securities Regulators
March 09, 2013
Christopher Michael Frank Fined & Suspended for Unauthorized Transactions
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 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 07, 2013
Philip Horn Guilty of Fraud: History and Risk of Horn's "Friendly" Scheme
December 30, 2012
Take Charge Financial, Inc., Joan Anne Perry Expelled & Barred for Unauthorized Transfers, Failure to Report Complaints, Inappropriate Borrowing of Customer Funds
December 28, 2012
Paul Ellsworth McIntosh Barred for Unauthorized Trading Resulting in $40,000 in Customer Losses
November 12, 2012
Edgar Lee Giovannetti Fined & Suspended for Unauthorized Transaction, Failure to Disclose Lawsuit and Settlement
September 13, 2012
Terminated Morgan Stanley Risk Officer Claims Retaliatiory Firing for Whistleblowing
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 13, 2012
Russell Philip Macke Suspended for Excessive Trading and Use of Margin
July 06, 2012
Gary Lee Cousino Barred for Refusing to Cooperate with FINRA Investigation
May 22, 2012
Charles Oscar Boneck, Jr. Barred by FINRA for Unauthorized Transactions
