South Florida Arbitration & Litigation Lawyer Blog

Boca Raton, Florida FINRA Arbitration Fraud, Mismanagement and Negligent Supervision Attorney, Russell L. Forkey, Esq. October, 2011: David Angelo Maltese (CRD #2562471, Registered Rep., Boca Raton, Florida) submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the findings,…

Unauthorized Borrowing of Funds from Client and Negligent Supervision FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. October, 2011: William James Lasko (CRD #303150, Registered Principal, Carrollton, Texas) submitted an Offer of Settlement in which he was fined $5,000 and suspended from association with any FINRA member in any capacity for three months. The…

Unauthorized Borrowing of Money from Client and Negligent Supervision FINRA Arbitration and Litigation Lawyer, Russell L. Forkey, Esq. October, 2011: Jo Ann Marie Head (CRD #3009195, Reg. Representative, Whittier, California) was barred from association with any FINRA member in any capacity and ordered to pay restitution to a customer in the principal amount of $19,000,…

Sale of Unregistered Securities, Fraud and Misrepresentation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. October, 2011: Patrick Francis Harte Jr. (CRD #1865650, Registered Principal, Plano, Texas) was barred from association with any FINRA member in any capacity. The sanction was based on findings that Harte participated in the sale of unregistered securities, in…

Theft, Fraud, Misrepresentation and Negligent Supervision FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. October, 2011: Lonnie Lee Dusenberry (CRD #3084887, Registered Representative, Elk Grove, California) submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the findings,…

Selling Away, Fraudulent Private Securities Transactions FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. October, 2011: Frank Bianculli (CRD #5452027, Registered Representative, Plainview, New York) submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Bianculli…

Fraud, Selling Away and Negligent Supervision FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. October, 2011: Clyde Allen Benninghoff (CRD #18463, Registered Principal, Amelia Island, Florida) submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the findings,…

Fraud, Theft and Negligent Supervision FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. October, 2011: Woodbury Financial Services, Inc. (CRD #421, Oak Dale, Minnesota) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $75,000. Without admitting or denying the findings, the firm consented to the described sanctions…

Mutual Fund Fraud, Misrepresentation and Negligent Supervision Attorney, Russell L. Forkey, Esq. October, 2011: TD Ameritrade, Inc. (CRD #7870, Bellevue, Nebraska) submitted a Letter of Acceptance, (FINRA Case #2010022922701). Waiver and Consent in which the firm was censured and fined $100,000. Without admitting or denying the findings, the firm consented to the described sanctions and…

Municipal Securities Fraud and Negligent Supervision FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. October, 2011: RBC Capital Markets, LLC (CRD #31194, New York, New York) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured, fined $95,000 and ordered to pay $32,913.50, plus interest, in restitution to investors. Without…