Articles Posted in FINRA Arbitration

Investment broker recently barred by FINRA after multiple complaints from clients Investment broker Matthew DiGregorio was suspended by the Federal Industry Regulatory Authority in August of 2015. Mr. DiGregorio has had multiple complaints filed against him by prior clients for the following breaches of conduct: Taking excessive risk with client investments…

Long-time investment broker permanently suspended from any FINRA activity and ordered to pay restitution. Hugh Monroe Dyson, Jr. was issued a final suspension in August, 2015 and ordered to pay $740,000 (plus interest) in restitution to clients that he solicited to invest in his business, Keypoint Oil, and misrepresented how…

Allegations include conversion and elder financial fraud among numerous other unethical acts FINRA has taken strong action against investment broker Richard McGuire, a long-time broker who was most recently registered with Newport Coast Securities Inc. and Financial West Group, both located in New York. McGuire has been permanently barred from…

NY Life Securities LLC terminates broker, files U-5 with allegations of commingling client funds FINRA recently brought enforcement action against Jonathan Williams that led to a bar from the securities industry. Williams was accused of failing to provide FINRA staff with documents and information requested by the agency in an…

Allegations include elder financial fraud, misappropriation of funds and unsuitable recommendations Michael Talin, a former broker associated with Woodbury Financial Services, has been barred from the securities industry by FINRA after failing to cooperate with agency investigators. An investigation was launched after customers alleged that he misappropriated and converted more…

Broker was also fined $15,000 for accepting trade orders she was not licensed to accept Tiffany Peacock-Asakawa was suspended from practicing in the securities industry for 10 months in August, following allegations that she was involved in false representation and the falsification of records of trade orders at her member…

Allegations include conversion of funds from non-securities customer account After thirteen years in the securities industry, Jeffrey Pierce has been permanently barred from practicing in the securities industry in any capacity. During his career, Pierce accumulated eleven disclosure events, including regulatory events, a criminal event, customer disputes and two employer…

FINRA arbitration panel finds bank liable in alleged fraud claim As Puerto Rico’s financial struggles continue, a FINRA arbitration panel awarded three claimants $3M in an alleged fraud claim against UBS Financial Services in early September. According to Law360.com, the claimants alleged that the bank committed fraud relating to closed-end…

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…

Morgan Stanley has found itself on the wrong end of a Florida FINRA arbitration for claimed damages of $400 million. Lynnda Speer, the widow of Home Shopping Network (HSN) co-founder Roy M. Speer, filed the claim against Morgan Stanley and one of its branch managers and investment advisers. Due to…