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Disciplinary action Pending In April, FINRA initiated a regulatory investigation after Christopher Frederic Veale, most recently employed by Legend Securities, Inc., allegedly refused to provide documents requested by the agency in response to alleged rule violations. The purported violations involve business and outside business activities, as well as a potential…

Investigation follows termination from LPL Financial Jon Lawrence Cox, who has been in the securities industry since June 1990, according to FINRA documents, has been barred as of April 29 after allegedly failing to respond to three written requests from FINRA to provide information to aid an investigation into allegations…

Both brokers barred following termination from same firm One broker had over 30 years’ experience in the securities industry. One broker had only one year of experience in the securities industry. Yet both brokers were terminated from LPL Financial LLC within a month of each other. According to the FINRA…

According to FINRA Teutonico failed to observe high standards of commercial honor. According to the Financial Industry Regulatory Authority (FINRA) Broker Check website, broker Patrick Teutonico is once again in the spotlight. Over the course of 17 years in the securities industry, Teutonico has 10 disclosures to report. To provide…

Churning is a Type of Securities Fraud What is churning? Simply put, churning is defined as excessive trading. While that sounds a bit benign and seemingly acceptable, here’s the catch: investment churning is actually considered to be the excessive purchasing and selling activity of securities (including stocks, bonds, mutual funds,…

Formerly of Cetera Advisors, you may not be the only one who has suffered. Investment broker Bruce Michael Sabourin (CRD #2556826), most recently with Cetera Advisors, once again has a FINRA reported disclosure. Sabourin is now permanently barred from acting as a broker or otherwise associating with firms that sell…

In the news again. According to the FINRA website, Alex Makarovsky is once again in the hot seat for allegedly violating FINRA By-Laws and SEC rules. Makarovsky was most recently registered with Blackbook Capital, LLC. Let’s go back a few years to build some context on his history. In 2010,…

Currently employed by and registered with Blackbook Capital, LLC Since 1997, Michael Anthony McGregor has been registered with FINRA as a General Securities Representative (GSR). Through the years, McGregor has been subject to judgments and liens that have not been properly reported. By not reporting them, Michael McGregor is in…

Alleged mismanagement of funds and failure to provide documentation to FINRA lead to Industry Bar FINRA had questions for Robert Tricarico, Tricarico did not provide the information requested. And now Robert Tricarico is permanently barred from associating with any FINRA member in any capacity. That means he is barred from…

According to FINRA Disciplinary actions for June 2015, the following individuals’ licenses were revoked for failure to pay fines and/or costs to FINRA pursuant to FINRA rules: NAME FORMER EMPLOYERS   Frank E. Brickell   World Trade Financial Corporation   Ameritrade   Rodney Preston Michel   World Trade Financial Corporation…