Articles Posted in Stockbroker Misconduct

We’ve reported on Yousuf Saljooki (CRD#: 5045123, aka Joe Saljooki, and Joseph Saljooki) on two previous occasions regarding his two suspensions by the State of Arkansas and subsequently by FINRA for many of the same infractions. Even though Worden Capital discharged Yousuf Saljooki in 2018, additional actions were recently filed…

Do you have a family member who is also your stockbroker, investment advisor, or other financial services representative? Many broker-dealer firms encourage newly-minted employees to recruit wealthy relatives to invest with them to begin their business and grow their client list. You may have taken the bait and moved your…

Christopher Black (CRD#5049080, aka Chris Bryan Black) is a former registered broker and investment advisor whose last known employer was LPL Financial LLC (CRD#:6413) of Statesboro, GA. His previous employers are Wells Fargo Clearing Services, LLC (CRD#:19616) of St. Simons Island, GA, State Farm V Management Corp. (CRD#:43036) of Bloomington,…

Kevin Schaefer (Kevin Joseph Schaefer CRD:# 1286030) is a registered broke and investment advisor currently employed with Wells Fargo Clearing Services, LLC (CRD#: 19616) of San Francisco, CA. His previous employers include Morgan Stanley Smith Barney LLC (CRD#:149777) and UBS Financial Services Inc. (CRD#:8174), both of San Francisco, and Smith…

Edward Dougherty (Edward Howard Dougherty/Ted Dougherty CRD# 2753847) is a registered broker and previously registered investment adviser currently registered with Woodbury Financial Services, In. in Bayfield, Wisconsin. Woodbury Financial has recently been the subject of arbitration claims alleging the unsuitable recommendation to purchase GPB Automotive and related investments. Edward Dougherty…

The US Justice Department today announced the conviction and sentencing of two former employees of SunTrust Bank who pled guilty to financial exploitation of an elderly person. Former SunTrust bankers Rashad Liverpool, 28, and Robert Tillery, 45, were each sentenced on March 5 after conviction of financial exploitation of an…

Jason Poff (Jason Howell Poff CRD:# 18272) is a registered broker and investment advisor currently employed with Allstate Financial Services, LLC of Houston, TX. Previous employers include LPL Financial LLC (CRD#:6413), Merrill Lynch, Pierce, Fenner & Smith Incorporated (CRD#:7691), and Chase Investment Services Corp. (CRD#:25574), all of Houston. He has…

Gary Hammond (Gary Wayne Hammond CRD# 2660432) is a previously registered broker and investment advisor who last worked for Hornor, Townsend & Kent, Inc. and MML Investors Services, LLC in Charlotte, North Carolina for brief periods in 2017, but spent the bulk of his career registered with MSI Financial Services,…

According to FINRA Disciplinary actions for February 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   Lawrence Fawcett, Jr.   Westpark Capital, Inc.   Salomon Whitney Financial   Lawrence Freedman  …

According to FINRA Disciplinary actions for February 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…