Articles Posted in FINRA Arbitration

After failing to respond to a request for information, William Hutchinson was suspended and is now barred from association In January of 2016, the Financial Industry Regulatory Authority (FINRA) reached out to William Hutchinson to get information regarding complaints from some of his past clients. Because he did not respond,…

The Sarasota, Florida broker is alleged to have improperly converted funds The Financial Industry Regulatory Authority (FINRA) has filed a complaint against broker Jeffrey Krupnick, alleging that he converted a family member’s funds for personal use. The Sarasota broker has been working in the financial services industry for 15 years…

This Morgan Stanley broker in Texas has been suspended by the Financial Industry Regulatory Authority According to the Financial Industry Regulatory Authority (FINRA), Texas broker Gregory Taylor engaged in unethical conduct with an elderly customer who was suffering from dementia and he has subsequently been suspended. Taylor’s career in the…

Holt has lost his license and been permanently barred by the regulatory agency Mark D. Holt has lost his license and can no longer act as a broker or representative in the financial services industry. According to the Financial Industry Regulatory Authority (FINRA), Holt is the subject of 11 disclosures,…

Allegations against King include making fraudulent misrepresentations to clients Glenn King, a former broker based in New Jersey, has been barred from acting as a broker by the Financial Industry Regulatory Authority (FINRA) for misconduct. A veteran in the securities industry with a career that dates back to 1992, King…

FINRA dispute resolution resolves disputes between customers and stockholders or Wall Street involved in fraudulent or negligent broker activity If you’re an investor and have a dispute with a securities firm or broker that can’t be settled through a mutual agreement or outside settlement, the case may be arbitrated or…

FINRA issues permanent bar from securities industry after failing to respond to the allegations and two counts of theft while employed at Independent Financial Group As of July 2016, Minnesota broker John Vernon Health has been barred by FINRA. His history in the financial services industry dates back to 1993…

Millions of dollars in awards go unpaid by defunct brokerage firms, boiler rooms, and unscrupulous brokers—what is FINRA doing to address this growing issue? A recent report from the Public Investors Arbitration Bar Association (PIABA) says that 75 awards (approximately one third of all money awarded to clients in FINRA…

Financial regulatory authority making it even easier for investors to access broker and firm histories As of June 6th, 2016, FINRA member firms are required to place a link on their website to their BrokerCheck reports. This gives potential clients and investors more information than ever before about the brokers…

If you want to succeed, you may want an excellent attorney, the right paperwork, and, perhaps most importantly, a clear goal in mind for what you want out of FINRA’s dispute resolution process. Whether you’ve decided to file a FINRA arbitration claim or a request for mediation, adequate preparation is…