South Florida Arbitration & Litigation Lawyer Blog

Account Executive and Broker/Dealer Fraud and Misrepresentation Attorney, Russell L. Forkey, Esq. March, 2012: Leonel Ramirez (CRD #5599833, Registered Principal, New Britain, Connecticut) was barred from association with any FINRA member in any capacity. The sanction was based on findings that Ramirez failed to respond in a timely manner to FINRA requests for information and documents.…

Theft and Conversion of Funds, Fraud and Misrepresentation Attorney, Russell L. Forkey, Esq. March, 2012: Vicki Lee Perchinske (CRD #2628617, Registered Representative, Canton, Ohio) was fined $430,420.71, representing the total amount of ill-gotten gain she derived from her conversion of customer funds, and barred from association with any FINRA member in any capacity. The sanctions…

Broker/Dealer and Investment Advisor Fraud and Misrepresentation Attorney, Russell L. Forkey, Esq. March, 2012: Richard Anthony Neaton (CRD #2585328, Registered Representative, Port Charlotte, Florida) was barred from association with any FINRA member in any capacity. The SEC imposed the sanction following an order denying Motion for Reconsideration of an SEC opinion issued for an appeal of…

Theft, Selling Away and Outside Business Activity FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. March, 2012: John R. Montague (CRD #1466653, Registered Representative, Mantua, New Jersey) was barred from association with any FINRA member in any capacity and ordered to pay $163,000, plus interest, in restitution to customers. The sanctions were based on…

Internet Fraud, Misrepresentation and Mismanagement Litigation and FINRA Arbitration Attorney, Russell L. Forkey, Esq. March, 2012: Securities and Exchange Commission v. Matthew J. Gagnon, Civil Action No. 10-cv-11891 (E.D. fMichigan, filed May 11, 2010) SEC Obtains Summary Judgment against Serial Fraudster Matthew J. Gagnon The Securities and Exchange Commission announced today that on March 22,…

Unregistered Sale of Securities Litigation Attorney, Russell L. Forkey, Esq. March, 2012: Securities and Exchange Commission v. David L. Marion and International Rarities Holdings, Inc., Civil Action No. 12-cv-00749 (D. Minn., filed March 26, 2012) SEC Charges Operator of Gold Coin Firm with Conducting Fraudulent Securities Offering The Securities and Exchange Commission today announced that…

Fraud and Misrepresentation Litigation and FINRA Arbitration Attorney, Russell L. Forkey, Esq. March, 2012: Securities and Exchange Commission v. John M. Cinderey, Civil Case No. CV-12-1519 (N.D. Cal.) SEC FILES SETTLED CHARGES AGAINST FORMER BANK EXECUTIVE WHO MISLED AUDITORS The Securities and Exchange Commission today charged a former bank employee with misleading the bank’s independent…

Broker/Dealer and Investment Advisor Unauthorized Outside Business Activity and Selling Away FINRA Arbitration and Litigation Lawyer, Russell L. Forkey, Esq. March, 2012: Scott David Mason (CRD #3270983, Registered Principal, Debary, Florida) submitted an Offer of Settlement in which he was suspended from association with any FINRA member in any capacity for 18 months and required to…

Broker/Dealer and Investment Advisor Unauthorized Outside Business Activity and Selling Away FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. March, 2012: Bruce Libman (CRD #1859821, Registered Representative, Melville, New York) submitted an Offer of Settlement in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the…

Theft, Fraud and Misrepresentation FINRA Arbitration and Litigation Lawyer, Russell L. Forkey, Esq. March, 2012: Vladimir Khosid (CRD #5603183, Registered Representative, San Francisco, California) submitted an Offer of Settlement in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the allegations, Khosid consented to the described sanction…