Articles Posted in Selling away

Silver Law Group represents many of Mr. Vazquez investors. The Securities and Exchange Commission is charging Daniel Vazquez and Gilbert Fluetsch of running a home flipping scam that defrauded dozens of investors out of their retirement savings.  Vazquez was a registered stockbroker with Cetera Advisors and Investors Capital Corp. from…

Silver Law Group is investigating form Palm Bay, Florida-based Ameriprise Financial Services, Inc. (CRD# 6363) broker William B. Wyman (CRD# 4155621) after allegations that he sold away from his employing firm surface. According to Wyman’s FINRA BrokerCheck report, FINRA barred Wyman in January 2017 after he failed to request termination…

Silver Law Group is investigating former PFS Investments Inc. (CRD# 10111) broker William Upchurch Jr. (CRD# 1195846) after FINRA permanently barred the broker. According to Upchurch’s FINRA BrokerCheck report, FINRA permanently barred Upchurch from acting as a broker or otherwise associating with firms that sell securities to the public in…

Silver Law Group is investigating former Clearwater, Florida broker Dennis M. Merritt (CRD# 1748115) after FINRA suspended him for four months and his employing firm terminated him for alleged unsuitable recommendations among other things. In March 2016, FINRA and Merritt entered into an order accepting offer of settlement (the “Order”). …

Montana financial advisor barred from securities activity for multiple FINRA violations In a ruling that came in August 2015, the Financial Industry Regulatory Authority (FINRA) permanently barred Barry G. Hartman, formerly of FSC Securities Corporation in Missoula, MT, for allegedly engaging in a practice known in the industry as selling…

Scott Silver speaks to Investment News about the need to monitor a high-pressure industry practice that leaves some financially vulnerable The practice of cross-selling on Wall Street is under growing scrutiny, especially in the banking and investment world. Cross-selling is suggesting or selling multiple, related products or services from the…

The Financial Industry Regulatory Authority (FINRA) recently barred former Aegis Capital Corp.(Aegis) broker Malcom Segal (Segal) alleging that Segal may have engaged in unauthorized transfers of funds from customer accounts to an outside business activity (a/k/a “selling away“). Segal was a broker for Aegis from 2011 until July 2014 when he…