Securities Arbitration Lawyers Blog

Allegations include unauthorized trading, misrepresentation and unsuitable investment recommedations Clay Hoffman, who has been working in the financial services industry since 2001, has seven customer complaints against him, four pending complaints, several disputes, and was been terminated by Suntrust Investment Services after the firm conducted a review of his client…

Broker is also accused of failure to disclose unsatisfied tax liens in excess of $250,000 and borrowing $266,000 from firm customers without consent. Darnell Deans, most recently registered with Blackbook Capital, LLC in New York, is once again in hot water with FINRA. A new disclosure on his BrokerCheck record…

According to FINRA Disciplinary actions for July 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   Robert Joseph Altemus   Merrill Lynch, Pierce, Fenner & Smith Inc   Citigroup Global Markets…

According to FINRA Disciplinary actions for July 2016, 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   David F.…

According to FINRA Disciplinary actions for July 2016, 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   Gordon W.…

Florida-based broker allegedly misappropriated funds while associated with two different member firms. Carlton E. Burton passed his Series 7 General Securities Representative Exam in October 2014. He passed his Series 66 Uniform Combined State Law Examination in June 2015. And in February 2016, Burton was permanently barred from associating with…

Misappropriation of funds, breach of fiduciary duty, and mismanagement are just a few of the allegations cited Silver Law Group is investigating Thomas Edward Andrews, a broker who was employed by LPL Financial in Salt Lake City, Utah. Andrews began his career in the financial services industry in October 2002.…

Allegations of unauthorized trading and unauthorized use of margin, along with failure to respond, drive FINRA decision Multiple customer disputes and tax liens line Ricardo A. Broome’s FINRA-generated BrokerCheck report. Most recently, allegations against Broome include unauthorized trading and unauthorized use of margin. Damages granted in customer disputes against Broome…

Voya Financial Advisors, Inc. discharges Acevedo and FINRA permanently bars him as a result of alleged misconduct Not only is former ING Financial Partners, Inc (now known as Voya Financial Advisors, Inc.) broker Giovanni Acevedo accused of converting over $160,000 in customer funds for his own personal use, he is…

Allegations include violation of firm policy, unsuitability, excessive trading, unsolicited trade confirmations, among others. During a 27-year career in the securities industry, Michigan broker Merid Amde has a total of six disclosure events listed on his BrokerCheck record. The most recent disclosure event landed the broker with a 3-month suspension…