Securities Arbitration Lawyers Blog

Silver Law Group is investigating former Sagepoint Financial, Inc. (CRD# 133763) broker Gary E. Donovan (CRD# 866235) after FINRA permanently barred Donovan for placing limit buy orders for an illiquid OTC security MIXX. In May 2016, FINRA permanently barred Donovan after he placed 180 buy orders for Mix 1 Life,…

Silver Law Group is investigating recently-FINRA-barred former Janney Montgomery Scott LLC (CRD# 463) broker David A. Seigerman (CRD# 2200011). FINRA permanently barred Seigerman after he failed to respond to a FINRA request for information.  The FINRA bar follows a suspension the regulatory body levied on Seigerman in April 2016 for…

Silver Law Group has filed a claim against Citigroup Global Markets Inc. (CRD# 7059) broker Charlie Yeung (CRD# 2785343) for unsuitably recommending and overconcentrating our client in Alpha Natural Resources. Our client doesn’t speak English and felt comfortable with Yeung because he could speak her native language.  Yeung proceeded to…

According to published reports that have been confirmed by a member of the Board of Governors of the Financial Industry Regulatory Authority (FINRA), FINRA is undertaking closed-doors discussions focused on establishing a relief fund that would be used to pay otherwise unpaid FINRA arbitration awards.  Such a fund would endeavor…

Allegations against the former Orlando broker include unauthorized trading and misrepresentation, among others. Lance Shaw performed as a broker in the securities industry over the span of 15 years, however, in May 2016, the Financial Industry Regulatory Authority (FINRA) permanently barred him from acting as a broker or otherwise associating…

Learn the details about this vehicle, and why it may be an unsuitable investment REITs, or real estate investment trusts, are companies that own real estate-related assets. These may include office parks, hotels, homes, or even related debt like mortgages. REITs are an attractive investment because they can often provide…

Donovan was also discharged from SagePoint Financial in Newark, OH The Financial Industry Regulatory Authority (FINRA) has permanently barred broker Gary Eugene Donovan from acting as a broker or otherwise associating with firms that sell securities to the public. Up until early 2016, Donovan worked as a broker for a…

Allegations against the New York broker include placing orders without a customer’s consent According to the Financial Industry Regulatory Authority (FINRA), New York broker Edward R. Segur III is alleged to have opened and traded funds in an outside account opened in his wife’s name, in violation of his firm’s…

Allegations against the Nashville broker include failure, as executor of client’s estate, to provide a charitable foundation with its due proceeds The Financial Industry Regulatory Authority (FINRA) has barred Wonnie Short permanently from acting as a broker or otherwise associating with firms that sell securities to the public. While registered…

According to FINRA Disciplinary actions for October 2016, 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 William Carris   John Carris Investments LLC   Brockington Securities, Inc.   Michael Kevin…