South Florida Arbitration & Litigation Lawyer Blog

Outside Business Activity and Unsuitable Investment FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. November, 2011: Frank A. Gutta aka Fazel A. Gutta (CRD #1705545, Registered Representative, Plantation, Florida) submitted a Letter of Acceptance, Waiver and Consent in which he was suspended from association with any FINRA member in any capacity for two years.…

Unauthorized Trading FINRA Arbitration and Litigation Lawyer, Russell L. Forkey, Esq. November, 2011: John William Grant (CRD #227512, Registered Principal, Escondido, California) 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, Grant consented to the described…

Unauthorized Customer Loans, Unapproved Outside Business Activities and Negligent Supervision FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. November, 2011: Donald Anthony Duarte Jr. (CRD #2879683, Registered Representative, La Puente, California) was barred from association with any FINRA member in any capacity and ordered to pay $25,000, plus interest, in restitution to a customer.…

Outside Business and Selling Away FINRA Arbitration and Litigation Lawyer, Russell L. Forkey, Esq. November, 2011: Corey Vernon Darling (CRD #4005873, Registered Representative, Anacortes, Washington) submitted a Letter of Acceptance, Waiver and Consent in which he was suspended from association with any FINRA member in any capacity for 18 months. In light of Darling’s financial…

Stock Fraud, Misrepresentation and Negligent Supervision FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. November, 2011: Jaime Xavier Coronado (CRD #4001702, Registered Representative, Friendswood, Texas) 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, Coronado consented to the…

FOREX Fraud, Misrepresentation and Negligent Supervision FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. November, 2011: Nathan Eugene Calhoun (CRD #716257, 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 findings,…

Common and Preferred Stock Fraud and Misrepresentation Litigation and FINRA Arbitration Attorney, Russell L. Forkey, Esq. November, 2011: Brian Wade Boppre (CRD #2778187, Registered Principal, Minot, North Dakota) 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 principal capacity for…

REIT (Real Estate Investment Trust) Fraud, Misrepresentation and Negligent Supervision FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. November, 2011: FINRA Fines Wells Investment Securities $300,000 for Use of Misleading Marketing Materials for REIT Offering The Financial Industry Regulatory Authority (FINRA) recently announced that it has fined Wells Investment Securities, Inc. $300,000 for using…

Fraud, Unsuitable Investments and Negligent Supervision FINRA Arbitration and Litigation Lawyer, Russell L. Forkey, Esq. January, 2011: Newbridge Securities Corporation (CRD #104065, Ft. Lauderdale, Florida) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured, fined $37,500 and ordered to pay $4,063.95, plus interest, in restitution to customers. Without admitting or…

Oil and Gas Limited Partnership Fraud, Misrepresentation and Negligent Supervision Lawyer, Russell L. Forkey, Esq. November, 2011: Lone Star Securities, Inc. (CRD #20452, Addison, Texas) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $35,000. Without admitting or denying the findings, the firm consented to the described sanctions…