MB Schreiber (MB “Mickey” Schreiber CRD# 1032600) is a registered broker whose most recent employer was Aegis Capital Corp. (CRD#:15007) of Red Bank, NJ. His previous employers include National Securities Corporation (CRD#:7569), Newbridge Securities Corporation (CRD#:104065), and Summit Brokerage Services, Inc. (CRD#:34643), also of Red Bank. He has been in…
Securities Arbitration Lawyers Blog
Treasure Coast Bullion Group Solicitor’s Motion To Dismiss Lawsuit Denied
A favorable court ruling on behalf of a client who suffered losses in a leveraged precious metals investment scheme will proceed against the solicitor. On January 4, 2023, the United States District Court for the Northern District of California denied a motion to Dismiss for Lack of Personal Jurisdiction filed…
FINRA Suspends Broker Efrain Balderrama Trujillo Again After Borrowing Money From Customers
Efrain Balderrama Trujillo (CRD# 3106482) is a previously registered broker and investment advisor whose last known employer was Western International Securities, Inc. (CRD#:39262) of Los Angeles, CA. His previous employers were Financial West Group (CRD#:16668, expelled by FINRA on 2/13/2020) and SRM Securities, Incorporated (CRD#:13716), also of Los Angeles. He…
FINRA Suspends Efthimios George Petrou For Excessive Trading
Efthimios George Petrou (CRD# 2672840) is a registered broker last employed with Arive Capital Markets (CRD#:8060) of Ronkonkoma, NY. He was also employed by J.P. Turner & Company, L.L.C. (CRD#:43177) of Middle Island, NY, Investec Ernst & Company (CRD#:266) of New York, NY, and Royce Investment Group, Inc. (CRD#:10494) of…
Criminal Charges Filed Against Sam Bankman-Fried In FTX Collapse
Former FTX owner and CEO Sam Bankman-Fried has been indicted with eight counts of fraud by the Justice Department following the rapid collapse of the cryptocurrency platform. In the petition, he is referred to by his frequently known moniker, “SBF.” The documents were unsealed on Tuesday, December 13, 2022, in…
SEC Indicts Sam Bankman-Fried and FTX In Cryptocurrency Collapse
The former CEO of the FTX cryptocurrency exchange has been arrested in connection with the company’s bankruptcy and collapse. Sam Bankman-Fried (SBF) was arrested in The Bahamas on Monday, December 12, 2022, at the request of US authorities and denied bail. His entire operation is detailed in the petition by…
Scott Silver Interviewed About George Santos’ Ponzi Scheme Experience
George Santos, the recently elected Latino Republican Representative from New York, continues to make headlines, but not for the right reasons. After a damning report in the New York Times questioning Santos’ claims and credibility, he has begun to speak on it. These reports with apologies about his fabricated background,…
FINRA Bars Dusty Sternadel After Refusing To Testify In Investigation
Dusty Sternadel (Dusty Lynn Sternadel CRD# 5872600) is a former broker and investment advisor who was last registered with Ameriprise Financial Services, LLC (CRD#:6363) of Wichita Falls, TX. Her previous employers were Morgan Stanley (CRD#:149777) and Edward Jones (CRD#:250), also of Wichita Falls. She has been in the industry since…
CFTC Sanctions Monex – A Leveraged Precious Metals Company
In a recent press release, the Commodities Futures Trading Division (CFTC) has announced that a Federal Court has ordered a California-based precious metals trading firm to return more than $38 million in fraudulently obtained funds to their company’s customers, and sanctioned it for fraud and violations. The CFTC has entered…
FINRA Suspends Stockbrokers For Failing To Comply With FINRA Arbitration Award Or Settlement Agreement December 2022
According to FINRA Disciplinary actions for December 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 Christ Baltas Worden Capital Management LLC Wilmington Capital Securities, LLC Matthew Beaver…