Articles Posted in FINRA Arbitration

New Jersey broker Edward T. Murphy permanently barred by FINRA due to multiple allegations of misconduct. Multiple serious client complaints have plagued Wells Fargo broker, Edward T. Murphy over the last several years and he has now been permanently barred from all securities activity by the Financial Industry Regulatory Authority…

Allegations of churning, unsuitability, and questionable exercise of discretion surround barred broker. William Siegel began his securities industry career in 2001 with Citigroup Global Markets Inc. in New York. Shortly after moving to Morgan Stanley & Co. in 2007, Siegel received his first complaint arising out of the sale of…

Have you invested funds with Eugene Smietana? For investors who may have utilized the services of LPL Financial LLC broker Eugene Smietana out of Traverse City, Michigan, may have potential claims against LLP. As of September 2015, FINRA has permanently barred Smietana from acting as a broker or otherwise associating…

Financial broker finally barred from FINRA activity after decades of questionable behavior. After a career plagued by multiple and repeated allegations of breaches of fiduciary duty and unauthorized trading dating back to 1994, David Levy has been permanently barred by FINRA for acting as a broker in any capacity. These final…

Broker accused of taking $1.8M in trust assets while serving as a trustee. Samuel Wylie Sloane’s 15-year career in the securities industry ended abruptly in December 2015 when FINRA permanently barred him from acting as a broker or otherwise associating with firms that sell securities to the public. According to…

Sales practice violations, misconduct and failure to respond to a FINRA request for information lead to suspension Formerly registered with Ameriprise Financial in California, ex-broker Li-Line Hsu was recently suspended by the Financial Industry Regulatory Authority (FINRA). He was suspended under Rule 9552 which was failure to keep information current…

Broker’s record includes failure to supervise, tax liens and civil judgments. In his 46 years in the securities industry, Oklahoma City investment advisor Carl Busch has six disclosure events listed on his official FINRA BrokerCheck record. The most recent event in December 2015 shows that FINRA sanctioned Busch $5,000 and…

Broker’s securities industry career is tainted with allegations, suspensions, and sanctions. For a second time in his 25-year securities industry career, Bailey has been suspended from acting as a broker or otherwise associating with firms that sell securities to the public. This most recent suspension in November 2015 is due…

Allegations of unauthorized trading and client abandonment tarnish 34-year career. In June 2015, investment firm D.A. Davidson & Company formally discharged broker Richard G. Drown, Jr. after the broker allegedly “disappeared,” abandoning both his duties and his clients. According to Drown’s FINRA BrokerCheck report, the firm filed an Employment Separation…

As of August 18, 2015, Veale has been suspended by FINRA With numerous complaints filed against him, several judgments, a felony charge and various other allegations after a lengthy career in the industry, Christopher Veale remains in hot water with FINRA. The trouble for Veale began as early as August…