South Florida Arbitration & Litigation Lawyer Blog

FINRA Arbitration Fraud and Broker Misconduct Attorney, Russell L. Forkey, Esq. FINRA complaint issued against the below described account executive: Please keep in mind that the issuance of a disciplinary complaint 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…

FINRA Negligent Supervision and Selling Away Arbitration Attorney, Russell L. Forkey, Esq. August, 2011: Joshua Albert Galiani (CRD #2864225, Registered Representative, Pelham Manor, New York) was barred from association with any FINRA member in any capacity. The sanction was based on findings that Galiani engaged in an investment strategy that resulted in a principal loss…

FINRA Arbitration Attorney Russell L. Forkey, Esq., Representing Foreign Investors against U.S. Brokerage Firms for Fraud, Misrepresentation and Negligence August, 2011: James Patrick Cross (CRD #1946579, Registered Representative, Nossegem, Belgium) was barred from association with any FINRA member in any capacity. The sanction was based on findings that Cross failed to respond to FINRA requests…

FINRA Negligent Supervision and Selling Away Arbitration Attorney, Russell L. Forkey, Esq. August, 2011: Martin Robert Coyne (CRD #2401192, Registered Representative, Pittsburgh, Pennsylvania) 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, Coyne consented to the…

FINRA Negligent Supervision and Selling Away Arbitration Attorney, Russell L. Forkey, Esq. August, 2011: David Lee Cheviron (CRD #4031542, Registered Principal, Massillon, Ohio) 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, Cheviron consented to the…

FINRA Negligent Supervision and Selling Away Arbitration Attorney, Russell L. Forkey, Esq. August, 2011: Scott Thomas Brandt (CRD #1211417, Registered Representative, Woodland Hills, California) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $67,909.21, which includes a $57,909.21 disgorgement of commissions received, and suspended from association with any FINRA member in…

FINRA Negligent Supervision and Selling Away Arbitration Attorney, Russell L. Forkey, Esq. August, 2011: Deutsche Bank Securities Inc. (CRD #2525, New York, New York) and Adrienne Barrett Tubridy (CRD #1570968, Registered Supervisor, Marblehead, Massachusetts) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $350,000. In assessing the fine,…

FINRA Negligent Supervision and Churning Arbitration Attorney, Russell L. Forkey, Esq. August, 2011: Bluechip Securities, Inc. (CRD® #45726, Houston, Texas) and Muhammad Akram Khan, (CRD #1400089, Registered Principal, Houston, Texas) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $15,000. Khan was fined $385,000 and suspended from association…

FINRA Arbitration and Litigation Fraud, Mismanagement, Negligent Supervision and Selling Away Attorney Attorney, Russell L. Forkey, Esq. August, 2011: 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…

FINRA Arbitration Fraud and Misrepresentation Attorney, Russell L. Forkey, Esq. July, 2011: Jose Luis Vinas (CRD #4014454, Registered Representative, Houston, Texas) was barred from association with any FINRA member in any capacity. The sanction was based on findings that Vinas converted approximately $3.3 million from customers, mostly Mexico-based, while he was associated with member firms…