South Florida Broker/Dealer and Account Executive Investment Club and Unapproved Outside Business and Negligent Supervision FINRA Arbitration, Litigation and Probate Estate Attorney.
The Financial Industry Regulatory Authority, Inc. (FINRA) is a self-regulatory authority assigned the responsibility, by the Securities and Exchange Commission, to license, regulate and discipline securities broker/dealers and their employees, including account executives. In the event that FINRA elects to institute an enforcement action, firms and licensed individuals have the responsibility to reflect such action on their U-4 and/or U-5 filings, which can be viewed on the FINRA website under the broker-check section of the site or by viewing the monthly disciplinary information also provided on the FINRA site.
The monthly disciplinary information is referenced on the FINRA site generally in alphabetical order. This post relates to the following company or individuals. If the reader would like to review the entire FINRA release or the broker-check information concerning this matter, you can follow these highlighted links:
January 2014 Disciplinary and Other FINRA Actions
Lunick Jean Dorleus (CRD #5436401, Registered Representative, Greenacres, Florida) submitted a Letter of Acceptance, Wavier and Consent in which he was suspended from association with any FINRA member in any capacity for nine months. In light of Dorleus’ financial status, no monetary sanction has been imposed. Without admitting or denying the findings, Dorleus consented to the described sanction and to the entry of findings that, at the behest of an individual, Dorleus and other individuals formed an investment club whereby investors’ funds would be collected, forwarded to the individual or entities the individual controlled, and ultimately used by the individual for unspecified securities investments. The findings stated that Dorleus participated in private securities transactions of investors. FINRA Case No. 2011029760701. To review the entire FINRA release relative to this matter, please follow one of the above referenced links.
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