South Florida Arbitration & Litigation Lawyer Blog
FINRA Arbitration Suitability and Over Concentration Attorney, Russell L. Forkey, Esq.
June, 2011:
Ameriprise Financial Services, Inc. (CRD #6363, Minneapolis, Minnesota) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $50,000. Read More.
June, 2011:
Beta Capital Management, L.P. (CRD #38964, Miami, Florida) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $20,000. Read More.
June, 2011:
Canaccord Genuity, Inc. fka Canaccord Adams, Inc. (CRD #1020, Boston, Massachusetts) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured, fined $22,500, required to review its supervisory system and procedures concerning research reports and the supervision of research analysts for compliance with FINRA rules and federal securities laws and regulations, and to certify in writing within 90 days that the firm completed its review and that it currently has in place systems and procedures reasonably designed to achieve compliance with those rules, laws and regulations. Read More.
June, 2011:
Geoffrey Richards Securities Corp. (CRD #120007, Hypoluxo, Florida)submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $25,000. Read More.
June, 2011:
Monex Securities, Inc. (CRD #30362, Houston, Texas) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $25,000. Read More.
June, 2011:
Morgan Stanley & Co. Incorporated (CRD #8209, New York, New York) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $375,000. Read More.
June, 2011:
NFP Securities, Inc. (CRD #42046, Austin, Texas) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $50,000. Read More.
June, 2011:
Shanoa Adrianne Rose Akins (CRD #4552640, Associated Person, Sunrise, Florida) submitted a Letter of Acceptance, Waiver and Consent in which she was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Akins consented to the described sanction and to the entry of findings that she misappropriated approximately $1.1 million from her member firm. Read More.
June, 2011:
John Brady Benson Sr. (CRD #18588, Registered Representative, Minneapolis, Minnesota, formerly licensed with Morgan Stanley Smith Barney) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $5,000 and suspended from association with any FINRA member in any capacity for 45 days. Read More.
June, 2011:
Uzo Omar Chima (CRD #3067054, Registered Principal, Baltimore, Maryland, formerly licensed with SunTrust Investment Services) submitted an Offer of Settlement in which he was fined $75,000, suspended from association with any FINRA member in any capacity for two years, and ordered to pay $12,443.73, plus interest, in restitution to customers. Read More.
June, 2011:
Scott William Coy (CRD #2441990, Registered Representative, Irwin, Pennsylvania, formerly licensed with Centaurus Financial, Inc. and Questar Capital Corporation) submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity. Read More.
June, 2011:
Michael Asher Dagnan (CRD #4060750, Registered Representative, Arlington, Texas, formerly licensed with Woodbury Financial Services, Inc.) was barred from association with any FINRA member in any capacity. Read More.
June, 2011:
Darren Joseph Dietrich (CRD #1814017, Registered Representative, Plant City, Florida, formerly licensed with Brookstone Securities, Inc.) was barred from association with any FINRA member in any capacity. Read More.
June, 2011:
Jeremy Kenneth Kelter (CRD #843565, Registered Principal, Lake Worth, Florida, formerly licensed with Sagepoint Financial, Inc.) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $5,000 and suspended from association with any FINRA member in any capacity for three months. Read More.
June, 2011:
Kirk Kenneth Kepper (CRD #2980989, Registered Representative, Baton Rouge, Louisiana, formerly licensed with Park Avenue Securities, LLC.) submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity. Read More.
June, 2011:
Robert Joseph Oftring (CRD #1058581, Registered Principal, Worcester, Massachusetts, licensed with Capital Securities Management, Inc.) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $5,000 and suspended from association with any FINRA member in any principal capacity for six months. Read More.
June, 2011:
Thaddeus Newel (CRD #2060528, Registered Representative, Farmington Hills, Michigan, formerly licensed with Equitas America, LLC.) was barred from association with any FINRA member in any capacity. Read More.
June, 2011:
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Mark Rairigh (CRD #4364749, Registered Representative, Wintersville, Ohio, formerly licensed with Securities Management & Resources, Inc.) submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity. Read More.
June, 2011:
Jorge Ivan Salgado (CRD #4395823, Registered Representative, Miami, Florida, formerly licensed with Global Strategic Investments, LLC.) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $5,000 and suspended from association with any FINRA member in any capacity for 10 business days. Read More.
June, 2011:
Michael Lewis Serota (CRD #2169739, Registered Principal, Englewood, Colorado, formerly licensed with Newbridge Securities Corporation and Raymond James & Associates, Inc.) submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity. Read More.
June, 2011:
Chenying Lee Williamson (CRD #2753331, Registered Representative, Cincinnati, Ohio, formerly licensed with Chase Investment Services Corp.) submitted a Letter of Acceptance, Waiver and Consent in which she was barred from association with any FINRA member in any capacity. Read More.
June, 2011:
Robert Marcus Lane Jr. (CRD #1411773, Registered Principal, North Palm Beach, Florida, formerly licensed with Greenwich High Yield LLC.) was named as a respondent in a FINRA complaint alleging that he engaged in fraudulent interpositioning by causing his member firm to purchase distressed bonds from a broker-dealer and immediately caused the firm to sell the bonds at a markup to an entity he owned and controlled. Read More.