Securities Arbitration Lawyers Blog

According to FINRA Disciplinary actions for January 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   Debbie Sue…

Silver Law Group is investigating former Missouri-based LPL Financial LLC (CRD# 6413) broker Joseph A. Likens (CRD# 3084903) after a customer filed a FINRA arbitration alleging selling away, unsuitable recommendations and misrepresentation. According to Likens’ FINRA BrokerCheck report, Likens has five (5) disclosures.  Most recently, a customer filed a complaint…

Silver Law Group is investigating former New York, New York-based Woodstock Financial Group, Inc. (CRD# 38095) broker Glenn McDowell (CRD# 2748337) after the broker was named in a FINRA complaint alleging unauthorized activity in a customer account. According to McDowell’s FINRA BrokerCheck report, FINRA named McDowell in a complaint in…

If you engaged in financial dealings with PFS Investments, Inc. broker Perry De Leeuw, you may have the right to try to recover your losses According to the Financial Industry Regulatory Authority (FINRA), Duluth, Georgia-based broker Perry De Leeuw has been permanently barred from acting as a broker or otherwise…

Allegations include unsuitable investing for concentrating elderly retiree investments in gold and energy stocks Christopher Ariola has 16 years of experience in the securities industry, most recently with Financial Telesis, Inc. in Aliso Viejo, California. While Ariola is currently not registered as a broker or investment advisor, there remain four…

The regulatory agency’s sanction is related to money allegedly borrowed from a client In March of 2016, broker Lance Slater was barred by the Financial Industry Regulatory Authority (FINRA). The agency had requested that Slater get in touch to discuss allegations against him, but because he didn’t respond, he is…

Hoffman, a former broker with SunTrust Investment Services in Waycross, Georgia had his FINRA registration revoked after being suspended In June of 2016, Clay Hoffman was suspended by the Financial Industry Regulatory Authority (FINRA) for failing to provide information to the agency related to a number of allegations. In addition…

United Development Funding IV (“UDF IV”) announced a distribution amidst a continuing SEC investigation and delisting from NASDAQ exchange. On November 8, 2016, United Development Funding (“UDF”) announced that its public real estate investment trust United Development Funding IV’s board of trustees has authorized a cash distribution of $0.08 per…

Cetera Investment Services, LLC (CRD# 15340) entered into a Letter of Acceptance, Waiver and Consent (“AWC”) with FINRA after the regulatory body alleged it failed to notify account owners regarding changes to their account records. According to the AWC, from October 1, 2008 through November 15, 2013, Cetera failed to…

Cetera Financial Group subsidiary VSR Financial Services, Inc. (CRD# 14503) is winding down and transferring some of its brokers to other Cetera Financial Group broker-dealers. VSR is one of Cetera Financial Group’s (“Cetera”) many independent brokerage firms.  Cetera was acquired by Nicholas “Nick” Schorsch’s RCS Capital in 2014 in an…