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Kim is permanently barred by FINRA FINRA Rule 2010 provides that “[a] member, in the conduct of his business, shall observe high standards of commercial honor and just and equitable principles of trade,” and broker Peter Kim was found in violation of it, according to a recent FINRA disciplinary action.…

Alleged conversions include two trusts – one that helped provide Alzheimer’s care and another used to provide scholarships On August 8, following a 21-year career in the securities industry, John Thomas Thornes has been permanently barred from practicing as a broker by the US Securities and Exchange Commission according to…

Permanent action follows a three-month suspension from the securities industry According to the Financial Industry Regulatory Authority (FINRA), Neil J. Buysse has been permanently barred from practicing within the securities industry following a 2014 suspension. Buysse was suspended on Dec. 1 following his alleged failure to respond to a FINRA…

Allegations concern unsuitable, excessive and unauthorized trades for a 101-year-old customer After 16 years in the securities industry, FINRA barred Thomas Morley Hogle from acting as a broker or associating with FINRA members in a professional capacity on May 11, according to the FINRA website. The action comes in the…

Diaz was also fined $10,000 amid allegations of fraud, negligence, unsuitability and misrepresentation After a 14-year career in the securities industry marred by 44 disclosure events, Anthony Diaz has been permanently barred from acting as a broker and fined $10,000 by FINRA on June 10, 2015. This follows allegations of…

This final action follows two previously disclosed customer disputes Randy Bostick was barred from the securities industry following a suspension for failing to respond to a FINRA request for information. According to the FINRA website, Bostick, who was most recently employed by Janney Montgomery Scott LLC at the time of his…

Promises of safe bond investments result in lost nest eggs High returns and tax-free income and a government that could not default on its debt. If you think that sounds like a pretty sound investment, so did many who bought Puerto Rico bonds and leveraged bond funds sold by Swiss…

Firm Allegedly Listed Commissions as “Miscellaneous” or “Additional Fees” BlackBook Capital, LLC, with headquarters on Wall Street in New York City, has been sanctioned by FINRA for allegedly mischaracterizing and understating commissions charged to its investors, among other charges. According to the FINRA disclosure, the firm –without admitting or denying…

Failure to respond to FINRA request for information ends Yao’s securities career After only 8 years in the securities industry, broker Peter Yao, most recently registered with Morgan Stanley out of Seattle, Washington, has been permanently barred by FINRA. In short, this action by FINRA means Peter Yao may no…

Earlier this year, the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) released an investor alert related to automated investor tools. While these types of tools provide benefits to investors, they also come with certain risks and limitations. What are the Risks and Benefits? Automated investment…