South Florida Arbitration & Litigation Lawyer Blog
FINRA Arbitration Attorney, Russell L. Forkey, Esq. is available for a free consultation if you have suffered investment losses relative to any of the matters set forth below:
Periodically, the Financial Industry Regulatory Authority, Inc. (FINRA) publically announces, on its website, enforcement actions that have either recently been settled by or commenced against broker/dealers and/or associated persons.
We review these settlements and filed actions each month and provide a brief description of those matters which we believe will be of interest to investors.
Please keep in mind that the complaints issued by FINRA represents FINRA’s initiation of a formal proceeding in which findings as to the allegations in the complaint have not been made, and does not represent a decision as to any of the allegations contained in the complaint. Because these complaints have not yet been adjudicated, you may wish to contact the respondents before drawing any conclusions regarding the allegations in the complaint.
As it relates to any complaints that have been filed by FINRA, you should check the onlone data based, referenced below, to see if the matter has been concluded.
Recently, FINRA posted a new online data base which provides access to copies of documents underlying certain of the matters discussed herein. Read More.
February, 2012:
Finance 500, Inc. (CRD® #12981, Irvine, California), Paul John Savage (CRD #1722830, Registered Principal, Coto De Caza, California) and Thomas John Harm (CRD #2093335, Registered Representative, Ladera Ranch, California), submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $50,000. Read More.
February, 2012:
Synergy Investment Group, LLC (CRD #46035, Charlotte, North Carolina), Thurman Ray Crawford (CRD #56786, Registered Principal, Beaumont, Texas), and Jeffrey Dean Jones (CRD #4188324, Registered Principal, Concord, North Carolina) submitted an Offer of settlement in which the firm was censured and fined $20,000. Crawford was fined $10,000 and suspended from association with any FINRA member in any capacity for 60 days. Jones was fined $10,000 and suspended from association with any FINRA member in any principal capacity for three months. Read More.
February, 2012:
Bulltick Securities, LLC (CRD #132092, Miami, Florida) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $125,000. Read More.
February, 2012:
The Carson Medlin Company (CRD #28567, Tampa, Florida) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $20,000. Read More.
February, 2012:
J. P. Morgan Securities LLC (CRD #79, New York, New York) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $150,000. Read More.
February, 2012:
Merriman Capital, Inc. (CRD #18296, San Francisco, California) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $30,000. Read More.
February, 2012:
Royal Alliance Associates, Inc. (CRD #23131, New York, New York) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $175,000. Read More.
Feburary 2012:
TradeStation Securities, Inc. (CRD #39473, Plantation, Florida) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $200,000. Read More.
February, 2012:
Gregory Allen Baldwin (CRD #1856003, Registered Principal, Hendersonville, North Carolina) was barred from association with any FINRA member in any capacity and ordered to pay $273,656.29, plus interest, in restitution to a customer. Read More.
February, 2012:
Kevin Seth Baltimore (CRD #1863517, Registered Principal, Charleston, South Carolina) submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity. Read More.
February, 2011:
Alonzo Levi Bethea (CRD #2184794, Registered Rep., Silver Spring, Maryland) submitted an Offer of Settlement in which he was barred from association with any FINRA member in any capacity. Read More.
February, 2011:
Earnest Evan Bridges Sr. (CRD #5643149, Registered Rep., Cheltenham, Maryland) submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity. Read More.
February, 2012:
Daniel Bull (CRD #5495145, Registered Rep., Pittsburgh, Pa.) submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity. Read More.
February, 2012:
Maureen Ann Burke (CRD #1323987, Registered Rep., Chelsea, Massachusetts) submitted a Letter of Acceptance, Waiver and Consent in which she was barred from association with any FINRA member in any capacity.
February, 2012:
Robert John Clark (CRD #47828, Registered Representative, Vista, California) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $25,000 and suspended from association with any FINRA member in any capacity for six months. Read More.
February, 2012:
Joseph Scott Coy (CRD #1811091, Registered Representative, West Des Moines, Iowa) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $10,000, suspended from association with any FINRA member in any capacity for two years and ordered to pay $20,000, plus interest, in restitution to customers. Read More.
February, 2012:
Jeffrey Scott Donner (CRD #2631248, Registered Principal, Weston, Florida) was barred from association with any FINRA member in any capacity. Read More.
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