South Florida Arbitration & Litigation Lawyer Blog

Theft and Misuse of Clients’ Funds FINRA Attorney and Litigation Attorney, Russell L. Forkey, Esq. November, 2011: Ralph Howly Phillips (CRD #2145356, Registered Principal, New Kensington, Pennsylvania)submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Phillips…

Fixed and Variable Annuity Fraud, Misrepresentation and Mismanagement FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. November, 2011: Jason Pedigo (CRD #4952772, Registered Representative, Little Rock, Arkansas) submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the…

Private Placement Fraud and Failure to Perform Reasonable Due Diligence FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. November, 2011: Mark Mather Mercier (CRD #1884246, Registered Principal, Lutz, Florida) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $5,000 and suspended from association with any FINRA member in any principal…

Fraud, Theft and Forgery FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. November, 2011: Cheryl Ann McMahon (CRD #3009145, Registered Representative, Indianapolis, Indiana) submitted a Letter of Acceptance, Waiver and Consent in which she was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, McMahon consented to…

Private Placement Fraud and Selling Away FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. November, 2011: John Michael Leonard (CRD #2254243, Registered Representative, Chicago, Illinois) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $25,000 and suspended from association with any FINRA member in any capacity for two years. The…

Theft, Fraud, Misrepresentation and Negligent Supervision FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. November, 2011: Gary Harrison Lane (CRD #713745, Registered Representative, Reno, Nevada) submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Lane…

Unsuitable Recommendation and Negligent Supervision FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. November, 2011: Steven Krasner aka Steven Zarkhin (CRD #4541263, Registered Representative, Copiague Harbor, New York) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $10,000, ordered to disgorge $18,126.81, payable as partial restitution, to a customer and…

Selling Away and Unapproved Outside Business Activity FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. November, 2011: Joel Arthur Hulke (CRD #2333013, Registered Representative, North Mankato, Minnesota) was barred from association with any FINRA member in any capacity. The sanction was based on findings that Hulke failed to respond to FINRA requests for information…

Outside Business and Unsuitable Activity FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. November, 2011: Edgar Rhodes Hauser Jr. (CRD #723243, Registered Representative, Livingston, Alabama) submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Hauser…

Preferred Stock Fraud and Misrepresentation FINRA Arbitration and Litigation Lawyer, Russell L. Forkey, Esq. November, 2011: Tom Douglas Hamsher (CRD #1708793, Registered Supervisor, Webb City, Missouri) submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Hamsher…