According to FINRA Disciplinary actions for January 2022, the following individuals were suspended from FINRA and cannot currently work for a FINRA brokerage firm for failing to provide FINRA with information it requested or to keep information current with FINRA pursuant to FINRA rules. However, these individuals remain bound by…
Articles Posted in Stockbroker Misconduct
FINRA Suspends Stockbrokers For Failing To Comply With FINRA Arbitration Award Or Settlement Agreement January 2022
According to FINRA Disciplinary actions for January 2022, the following individuals were suspended from FINRA for failing to comply with a FINRA arbitration award or settlement agreement pursuant to FINRA rules: NAME FORMER EMPLOYERS Michael Gardner Cantor Fitzgerald & Co J.P. Morgan Securities LLC Ganesh Iyer…
FINRA Bars Broker Eric Hollifield Barred After Client Funds Misappropriation
Eric Hollifield (Eric Shea Hollifield CRD:# 3091319) is a former registered broker and investment advisor whose last employer was LPL Financial LLC (CRD#:6413) of Dacula, GA. Hollifield was previously registered with Sterne Agee Financial Services, Inc. (CRD#:18456), also of Dacula, H&R Block Financial Advisors, Inc. (CRD#:5979) of Duluth, GA, and…
Brokers With Bad FINRA Disciplinary Records
When a registered FINRA broker dealer employs financial representatives, they have an obligation to supervise their brokers and employees so that they are compliant with both the firm’s rules and with FINRA’s. Broker dealers are required to maintain adequate oversight to ensure that the people who work for them are…
FINRA Suspends Registered Individuals For Violations Of FINRA Rules December 2021
According to FINRA Disciplinary actions for December 2021, the following individuals were suspended from FINRA and cannot currently work for a FINRA brokerage firm for failing to provide FINRA with information it requested or to keep information current with FINRA pursuant to FINRA rules. However, these individuals remain bound by…
FINRA Suspends Stockbrokers For Failing To Comply With FINRA Arbitration Award Or Settlement Agreement December, 2021
According to FINRA Disciplinary actions for December 2021, the following individuals were suspended from FINRA for failing to comply with a FINRA arbitration award or settlement agreement pursuant to FINRA rules: NAME FORMER EMPLOYERS Omer Ali-Taha BB&T Investment Services, Inc. Citigroup Global Markets Inc. Berkley Badger…
Did You Invest In An Aegis Financial IPO?
Did you participate in an initial public offering (IPO) sold by Aegis Capital Corp.? According to its website, Aegis has been bookrunner, placement agent, or co-manager for dozens of public offerings in recent years. IPOs, Pre-IPO Offerings, And SPACs Stock IPOs, pre-IPO offerings, and SPACs are often touted by stockbrokers…
Did Your Financial Advisor Borrow Your Money?
Brokers and financial advisors are under a fiduciary duty to put the client first—a relationship that gets muddied whether the loan is in writing or not. The Financial Industry Regulatory Authority (FINRA) has a rule in place prohibiting a broker from borrowing or lending money to customers in most instances.…
FINRA Suspends Broker Jerry Rice
Jerry Rice (CRD#: 375290) is a previously registered broker/advisor whose last known employer was Raymond James Financial Services (CRD#: 6694) of Tinton Falls, New Jersey. His previous employers include Robert Thomas Securities (CRD#: 10147) of St. Petersburg, FL, Smith Barney (CRD#: 7059) of New York City and Lehman Brothers (CRD#:…
Securities Fraud Attorneys Highlights Stockbroker Elder Financial Abuse
FINRA recently barred four brokers after they were individually found to have engaged in elder financial abuse. All four have been barred indefinitely after separate FINRA disciplinary actions. All four have signed Acceptance, Waiver & Consent (AWC) letters after the hearings to settle the claims. They are no longer working…