Articles Posted in Stockbroker Misconduct

According to FINRA Disciplinary actions for August 2024, the following individuals were barred 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: NAME FORMER EMPLOYERS   Ned Seitler…

According to FINRA Disciplinary actions for August 2024, 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…

According to FINRA Disciplinary actions for August, 2024, 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   George Apolonides   Spartan Capital Securities, LLC   Southeast Investments, N.C., Inc.   Gerald Cocuzzo…

Silver Law Group founder Scott Silver weighed in on the recent suspension of broke Luis E. Nin (CRD# 4372587) after he was discovered trading in a deceased client’s account. In the article for Advisor Hub, Mr. Silver said, “This broker’s conduct violates the most fundamental foundational requirement that a broker owes…

Steven Musielski (Steven Dwayne Musielski CRD# 2128821) is a previously registered broker whose last known employer was Cambria Capital, LLC (CRD#:133760) of Anaheim, CA. His previous employers include Spencer Edwards, Inc. (CRD#:22067, expelled by FINRA in 2019), J.P. Turner & Company, L.L.C. (CRD#:43177), and Gunnallen Financial, Inc (CRD#:17609), all of…

David Geake (CRD # 3088891) is a former registered broker and investment advisor at American Trust Investment Services (CRD # 3001). Geake has 20 pending Customer Disputes and a total of 39 total disclosures. He has been in the industry since 2002 and is currently barred from acting as a…

Robert Silvestri (Robert Allen Silvestri CRD# 2037669) is a former registered broker and investment advisor last employed with Aegis Capital Corp. (CRD# 15007) of Dallas, TX. His previous employers include Level Four Financial, LLC (CRD#:25700) of Allen, TX, Morgan Stanley (CRD#:149777), also of Dallas, and UBS Financial Services Inc. (CRD#:8174)…

Former IFS Securities bond trader Keith Wakefield (CRD# 3250539) has been found guilty of securities and wire fraud as a broker at the now-defunct IFS Securities. He was convicted in federal court in the Northern District of Illinois. The jury found that he inflated the commissions on his trades and…

Silver Law Group is pleased to announce that it has won a FINRA arbitration award on behalf of two Boston, Massachusetts investors against AGES Financial Services. The investors sought legal representation after suffering substantial losses investing in GWG, a company which claimed to profit from investing in life insurance policies…

We recently blogged about broker Garrett Moretz (CRD# 4086791) after the SEC began its investigation into his sales of the now-defunct L-Bonds by GWG Holdings. Following this investigation, the SEC filed a complaint in Federal Court in Charlotte, NC (Securities and Exchange Commission v. Garrett W. Moretz). In its complaint the…