Securities Arbitration Lawyers Blog

Michael Highfill has been permanently barred from the securities industry A former Merrill Lynch broker, Michael Highfill was permanently barred from the securities industry in July of 2015 after 16 years in the industry. His most recent position was with Merrill Lynch in Ridgeland, Mississippi. Before Merrill Lynch, he was…

Long-time investment broker permanently suspended from any FINRA activity and ordered to pay restitution. Hugh Monroe Dyson, Jr. was issued a final suspension in August, 2015 and ordered to pay $740,000 (plus interest) in restitution to clients that he solicited to invest in his business, Keypoint Oil, and misrepresented how…

Investment broker recently barred by FINRA after multiple complaints from clients Investment broker Matthew DiGregorio was suspended by the Federal Industry Regulatory Authority in August of 2015. Mr. DiGregorio has had multiple complaints filed against him by prior clients for the following breaches of conduct: Taking excessive risk with client investments…

As of August 2015, Broad is permanently barred from the securities industry by FINRA According to his FINRA BrokerCheck report, Bennett Broad, who worked in the financial industry for more than 30 years, has amassed a 15-year history of allegations against him from clients. The complaints, which total 28, compelled…

Allegations include willful violation of the Securities Exchange Act of 1934, among others Marat Zeltser has a long history in the financial services industry, including working as a broker for various firms in New York, New York since 2003. While employed by Caldwell International Securities Corporation, allegations against Zeltser included…

Numerous customer complaints surface over the course of his work history with various firms On August 4, 2015, Honetta C. Kao was suspended by the FINRA for failure to respond to their request for information. And in November, he was permanently barred from acting as a broker or otherwise associating…

Excessive trading leads to $57K in commissions and $37K in losses for investors, among other allegations In August of 2015, FINRA permanently banned New York financial advisor Rasheed “Richard” Adams from associating or engaging with any firm associated with FINRA after allegations of excessive trading were filed. Adams also failed…

After 17 years in the securities industry, Irizarry has been permanently barred Jose Irizarry began working in the financial services industry in the early 1990’s. During his long career, he worked for various firms, including Merrill Lynch, Pierce, Fenner & Smith in New York, PaineWebber in New Jersey and most…

Silver Law Group is investigating customer complaints against Wells Fargo advisor Robert M. Giusti (“Giusti”) located in New York, NY. There are four customer complaints against Giusti and one civil action alleging a number of securities law violations, including unsuitable investments, misrepresentations, negligence, unauthorized use of margin funds, and excessive…

The Securities and Exchange Commission charged Samuel DelPresto and his company with illicitly pocketing $13 million from an elaborate pump-and-dump scheme with the assistance of Donald Toomer, Jr. The SEC alleges that DelPresto and others teamed up to secretly obtain control of substantially all available stock in four microcap companies…