Securities Arbitration Lawyers Blog

The Financial Industry Regulatory Authority (FINRA) is the self-regulatory organization of the investment industry. As such, FINRA expects all registered brokers and firms to follow its best practice and ethics guidelines. Unfortunately, that doesn’t always happen. That’s why FINRA has developed a list of practice violations that can result in…

Burnham Securities, Inc. (CRD# 22549), the alleged placing agent for a tribal bond scheme as indicated in a recently-filed SEC complaint, has got some interesting and noteworthy connections to the complaint despite recently closing down shop. Burnham Securities has recently come under our firm’s gaze due to not-so-great allegations of…

Brookstone Securities, as well as its owner/CEO, Antony Turbeville, and one of its brokers, Christopher Kline, were reported by FINRA to have made fraudulent sales of collateralized mortgage obligation to elderly and retired investors. The firm was not only fined $1 million, it was also ordered to pay restitution of…

In addition to his 30-day suspension, the Florida broker was also fined In April of this year, Rafael Moreno accepted the sanctions levied against him by the Financial Industry Regulatory Authority (FINRA) for charges related to conducting outside business activity. As a result, the broker was fined and suspended. First…

Unauthorized trading was one of several charges Apostolos Nicholas Papadea, who has worked in the brokerage industry since 1969, has come under scrutiny in recent years for a variety of alleged infractions, including making trades without permission from his clients. As a result, he has been fined and suspended by…

After failing to respond to a request for information, William Hutchinson was suspended and is now barred from association In January of 2016, the Financial Industry Regulatory Authority (FINRA) reached out to William Hutchinson to get information regarding complaints from some of his past clients. Because he did not respond,…

The Sarasota, Florida broker is alleged to have improperly converted funds The Financial Industry Regulatory Authority (FINRA) has filed a complaint against broker Jeffrey Krupnick, alleging that he converted a family member’s funds for personal use. The Sarasota broker has been working in the financial services industry for 15 years…

Silver Law Group is investigating FINRA-barred broker John Vernon Heath (CRD# 2331052) for stealing client funds and recommending unsuitable investments. Heath was employed most recently at Independent Financial Group, LLC in Bloomington, Minnesota.  Independent Financial Group then discharged Heath after he admitted to wrongfully taking client funds, according to his…

Holt has lost his license and been permanently barred by the regulatory agency Mark D. Holt has lost his license and can no longer act as a broker or representative in the financial services industry. According to the Financial Industry Regulatory Authority (FINRA), Holt is the subject of 11 disclosures,…

This Morgan Stanley broker in Texas has been suspended by the Financial Industry Regulatory Authority According to the Financial Industry Regulatory Authority (FINRA), Texas broker Gregory Taylor engaged in unethical conduct with an elderly customer who was suffering from dementia and he has subsequently been suspended. Taylor’s career in the…