South Florida Arbitration & Litigation Lawyer Blog

April 2011 Account Executive Enforcement Action: Gary Chew (CRD #1966956, Registered Representative, Lafayette, California, formerly licensed with BrokerExpress, LLC.) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $10,000 and suspended from association with any FINRA member in any capacity for three months. The fine must be paid either immediately upon…

April, 2011: Securities Corporation (CRD #31898, Eden Prairie, Minnesota) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and ordered to pay $700,000 in partial restitution to investors. The firm was also ordered to certify in writing to FINRA that it has established and implemented a system and procedures reasonably…

FINRA Private Placement and Variable Annuity Fraud and Breach of Fiduciary Duty Arbitration Attorney, Russell L. Forkey, Esq. April, 2011: Woodrock Securities, L.P. (CRD #133653, Houston, Texas) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $10,000. Without admitting or denying the findings, the firm consented to the…

April, 2011: Woodrock Securities, L.P. (CRD #133653, Houston, Texas) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $10,000. Without admitting or denying the findings, the firm consented to the described sanctions and to the entry of findings that it failed to ensure that investor funds from an…

FINRA Variable Annuity Fraud and Breach of Fiduciary Duty Arbitration Attorney, Russell L. Forkey, Esq. March, 2011: Purshe Kaplan Sterling Investments, Inc. (CRD #35747, Albany, New York) 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…

Purshe Kaplan Sterling Investments, Inc. (CRD # 35747, Albany, New York) 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 the entry of findings that it failed to establish, maintain and/or enforce…

FINRA Private Placement and Variable Annuity Fraud and Breach of Fiduciary Duty Attorney, Russell L. Forkey, Esq. March, 2011: Noble International Investments, Inc. (CRD #15768, Boca Raton, Florida) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $27,500. Without admitting or denying the findings, the firm consented to…

FINRA Investment, Private Placement and Variable Annuity Fraud Attorney, Russell L. Forkey, Esq. April, 2011: Noble International Investments, Inc. (CRD #15768, Boca Raton, Florida) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $27,500. Read More. Purshe Kaplan Sterling Investments, Inc. (CRD #35747, Albany, New York) submitted a…

FINRA Arbitration Private Placement and Selling Away Fraud Attorney, Russell L. Forkey, Esq. March, 2011: M. Paul De Vietien (CRD #1121492, Registered Representative, Tampa, Florida) was fined $16,000 and suspended from association with any FINRA member in any capacity for one year. The NAC imposed the sanctions following De Vietien’s appeal of an Office of…

FINRA Arbitration Limited Partnership and Private Placement Fraud and Mismanagement Attorney, Russell L. Forkey, Esq. March, 2011: John Brian Busacca III (CRD #2302780, Registered Principal, Orlando, Florida) was fined $30,000 and suspended from association with any FINRA member in any principal capacity for six months. The SEC sustained the sanctions following appeal of a National…