South Florida Arbitration & Litigation Lawyer Blog

Stock Broker Fraud, Mismanagement and Misrepresentation FINRA Arbitration and Litigation Lawyer, Russell L. Forkey, Esq. January, 2012: Darrell Eugene Fox (CRD #1360248, Registered Representative, Lima, Ohio) was barred from association with any FINRA member in any capacity. The sanction was based on findings that Fox failed to provide documents and information requested by FINRA. (FINRA…

Hedge Fund Oversight and Lack of Due Diligence FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. January, 2012: Credit Suisse Securities (USA) LLC (CRD #816, New York, New York) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $350,000. Without admitting or denying the findings, the firm…

Selling Away and Outside Business Activity Fraud and Misrespresentation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. January, 2012: Askar Corp. (CRD #7512, Bloomington, Minnesota) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $12,500. Without admitting or denying the findings, the firm consented to the described…

Stock Broker Fraud, Breach of Fiduciary Duty, Misrepresentation and Negligent Supervision FINRA Arbitration and Litigation Lawyer Russell L. Forkey, Esq. January, 2012: AOS, Inc. dba TradingBlock (CRD #128605, Chicago, Illinois) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured, fined $15,000 and ordered to pay $41,593.23, plus interest, in restitution…

Stock Broker Fraud and Negligent Supervision FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. January, 2012: Hantz Financial Services, Inc. (CRD #46047, Southfield, Michigan) and Bruce Frederick Coleman (CRD #50684, Registered Principal, Ann Arbor, Michigan) submitted a Letter of Acceptance, Waiver and Consent in which the firm and Coleman were censured and fined $10,000,…

Private Placement and Direct Investment Fraud and Misrepresentation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. January, 2012: Valmark Securities, Inc. (CRD #31243, Akron, Ohio) and Richard Michael Arceci (CRD #1173612, Registered Principal, Sagamore Hills, Ohio) submitted an Offer of Settlement in which the firm was censured and ordered to pay $350,000 in restitution…

Boca Raton, Florida Securities Fraud and Mismanagement FINRA Arbitration and Litigation Lawyer, Russell L. Forkey, Esq. This page will provide monthly links to both the results of stipulated FINRA enforcement awards and FINRA complaints for the calender year 2012, by month in ascending order. In addition to providing information relative to the results of certain…

Common and Preferred Stock Churning and Unsuitable Investment Strategy FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. December, 2011: Joseph Alphonse Vitale (CRD #5223467, Registered Representative, Boca Raton, Florida) was barred from association with any FINRA member in any capacity. The sanction was based on findings that Vitale failed to respond to FINRA requests…

Unauthorized and Prohibited Borrowing of Money from Client, Theft and Negligent Supervision FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. December, 2011: Evan Taber (CRD #1892751, Registered Representative, Plantation, Florida) was barred from association with any FINRA member in any capacity. The sanction was based on findings that Taber intentionally converted or misappropriated customer…

Outside Business and Selling Away Fraud, Misrepresentation and Negligent Supervision FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. December, 2011: Isaiah Solomon (CRD #1112800, Registered Representative, Mitchellville, Maryland) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $15,000, which includes disgorgement of $8,600 representing the financial benefits he received from…