South Florida Arbitration & Litigation Lawyer Blog

FINRA Broker Fraud and Mismanagement Arbitration Attorney, Russell L. Forkey, Esq. May, 2011 Newbridge Securities Corporation (CRD #104065, Ft. Lauderdale, Florida) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $25,000. Without admitting or denying the findings, the firm consented to the described sanctions and to the entry…

FINRA Corporate and Municipal Bond Fraud and Mismanagement Arbitration Attorney, Russell L. Forkey, Esq. July, 2011: FMSbonds, Inc. (CRD #7793, Boca Raton, Florida) submitted a Letter of Acceptance, 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 to…

FINRA Fraud and Mismanagement Attorney, Russell L. Forkey, Esq. May, 2011 FMSbonds, Inc. (CRD #7793, Boca Raton, Florida) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured, fined $45,000 and required to revise its WSPs regarding best execution of corporate debt securities. Without admitting or denying the findings, the firm…

FINRA Fraud and Mismanagement Attorney, Russell L. Forkey, Esq. May, 2011 Brewer Financial Services, LLC (CRD® #132558, Chicago, Illinois), Adam GaryErickson (CRD #3081286, Registered Principal, Chicago, Illinois) and Steven John Brewer (CRD #2214515, Associated Person, Chicago, Illinois) submitted a Letter of Acceptance Waiver and Consent in which the firm was expelled from FINRA membership and…

FINRA Private Placement and Variable Annuity Fraud and Mismanagement Attorney, Russell L. Forkey, Esq. May, 2011: Brewer Financial Services, LLC (CRD® #132558, Chicago, Illinois), Adam Gary Erickson (CRD #3081286, Registered Principal, Chicago, Illinois) and Steven John Brewer (CRD #2214515, Associated Person, Chicago, Illinois) submitted a Letter of Acceptance Waiver and Consent in which the firm…

FINRA Arbitration Fraud and Broker Mismanagement Attorney, Russell L. Forkey, Esq. FINRA Account Executive Enforcement Action: Richard William Talley (CRD #442208, Registered Principal, Las Vegas, Nevada formerly licensed with Talley & Company) submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity. Without…

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…

Theft and Negligent Supervision FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. October, 2011: Felipe J. Lorie (CRD #1861011, Registered Representative, Coral Gables, Florida) was barred from association with any FINRA member in any capacity.The sanction was based on findings that Lorie falsified LOAs, which caused his firm’s books and records to be inaccurate,…

Florida, FINRA Securities Fraud Arbitration Attorney, Russell L. Forkey, Esq. Felipe J. Lorie (CRD #1861011, Registered Representative, Coral Gables, Florida, formerly licensed with Atlas One Financial Group, Inc.) was named as a respondent in a FINRA complaint alleging that he falsified LOAs regarding a customer’s account with his member firm, submitted the falsified LOAs to…

South Florida, FINRA Securities Arbitration Attorney, Russell L. Forkey, Esq. Please keep in mind FINRA’s 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 represent a decision as to any of the allegations contained in…