South Florida Arbitration & Litigation Lawyer Blog

Account Executive and Registered Representative Theft and Unauthorized Trading FINRA Arbitration and Litigation Lawyer, Russell L. Forkey, Esq. March, 2012: Tammy Lyn Bohnert (CRD #2671147, Registered Representative, Frohna, Missouri) was barred from association with any FINRA member in any capacity. The sanction was based on findings that Bohnert failed to respond to FINRA requests for information.…

Registered Representative and Account Executive Fraud, Misrepresentation and Mismanagement FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. March, 2012: Francis Xavier Bice (CRD #3016365, Registered Representative, Manhasset, New York) 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…

Selling Away and Outside Business Activity FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. March, 2012: Robert Mark Benning (CRD #2002792, Registered Representative, Streator, Illinois) 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, Benning consented to the…

Collateralized Mortgage Obligation Fraud, Misrepresentation and Mismanagement FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. March, 2012: RBC Capital Markets, LLC (CRD #31194, New York, New York) 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…

Negligent Supervision, Unsuitability and Over Concerntration FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. March, 2012: Petersen Investments, Inc. (CRD #38537, Wall, New Jersey) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $15,000. Without admitting or denying the findings, the firm consented to the described sanctions and…

Negligent Supervision and Over Concentration FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. March, 2012: Morgan Stanley & Co. LLC (CRD #8209, New York, New York) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $600,000. Without admitting or denying the findings, the firm consented to the described…

Variable Annuity Fraud, Misrpresentation and Unsuitability FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. March, 2012: Cadaret, Grant & Co., Inc. (CRD #10641, Syracuse, New York) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured, fined $200,000, and shall undertake to allow each of the living customers, involved in this…

Municipal Bond FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. March, 2012: BOSC, Inc. (CRD #17530, Tulsa, Oklahoma) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured, fined $75,000 and required to pay $25,141, plus interest, in restitution to investors. Without admitting or denying the findings, the firm consented to…

Stock Broker and Registered Representative Fraud and Misrepresentation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. March, 2012: Tradespot Markets Inc. fka Beloyan Investment Securities, Inc. (CRD #29683, Davie, Florida) and Mark Bedros Beloyan (CRD #1392748, Registered Principal, Davie, Florida) were fined $13,500, jointly and severally. Beloyan was suspended from association with any FINRA member…

Registered Representative and Account Executive Fraud, Mismanagement and Misrepresentation FINRA Arbitration and Litigation Lawyer, Russell L. Forkey, Esq. March, 2012: Securities and Exchange Commission v. United American Ventures, LLC, et al, Civ. No. 10-cv-568-JCH/LFG (D. New Mexico). COURT ORDERS TWO OFFICERS OF UNITED AMERICAN VENTURES TO PAY $1 MILLION PENALTIES AND $8.5 MILLION IN DISGORGEMENT…