Securities Arbitration Lawyers Blog

According to FINRA Disciplinary actions for May 2017, 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: NAME FORMER EMPLOYERS   Dimitris Alifragis…

According to FINRA Disciplinary actions, 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   Fred Ronald Brown   UBS Financial Services Inc.   Morgan Stanley & Co. Inc.   Robert Joseph Burke…

According to FINRA Disciplinary actions for May 2017, 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   Philip Bagalanon…

A Reuters investigation team ran a story on June 12, 2017 concerning high-risk brokers and brokerage firms and compiling a list of the firms with highest percentage of brokers with BrokerCheck disclosures. The FINRA BrokerCheck tool allows users to search specific brokerage firms and brokers to see a variety of…

Career-ending move involves reports of accepting a loan from an elderly customer New Jersey-based broker Joan Marie Larsen’s financial industry career is over after she was reported to have accepted a loan from an elderly customer. In this case, Larsen allegedly accepted a $50,000 interest-free personal loan from an elderly…

He has been permanently banned by FINRA due to reports of power of attorney fraud After only three years as a broker, Raul Enrique Jacobs needs to find another line of work. In February, the Financial Industry Regulatory Authority (FINRA) permanently barred him from acting as a broker in any…

Allegations of mismarking solicited trades as unsolicited follow this West Palm Beach broker from firm to firm. William Bruckner is accused of mismarking solicited trades as unsolicited and by doing so, violating his member-firm policy. Originally employed by Sanford C. Bernstein & Co., LLC in West Palm Beach, Florida from…

The New Jersey broker is also reported to have lied about his actions Jeffrey Marc Grayson was recently suspended by the Financial Industry Regulatory Authority (FINRA) after an investigation found that he exercised discretion in four customer accounts without written approval from the customers. In addition, Grayson reportedly did not…

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…

FINRA entered into a settlement with Cetera Advisor Networks LLC (CRD# 13572) over improprieties related to mutual sales fund charge waivers. According to the Acceptance, Waiver and Consent (“AWC’) entered into between Cetera and FINRA, Cetera disadvantaged certain retirement plan and charitable organization customers that were eligible to purchase certain…