Securities Arbitration Lawyers Blog

David Lawrence Gabai, of West Hills, California, submitted a FINRA AWC in which he was barred from association with any FINRA member in any capacity.  Gabai was registered with LPL Financial Corporation until 2010.  Mr. Gabai then briefly worked for Comerica Securities.  Gabai consented to the sanction and to the…

Jan Ernest Helen, of Denver, Colorado, submitted an AWC in which he was barred from association with any FINRA member in any capacity. Helen was registered with Janco Partners, Inc. from 1996 through September 2014.  Without admitting or denying the findings, Helen consented to the sanction and to the entry…

Clark Smith Gardner, of Orem, Utah, submitted an AWC in which he was barred from association with any FINRA member in any capacity. Gardner was registered with Cetera Advisors, LLC until May, 2014.  Without admitting or denying the findings, Gardner consented to the sanction and to the entry of findings…

Herbert Leonard Kaye, of Delray Beach, Florida, submitted an AWC in which he was assessed a deferred fine of $25,000, which includes disgorgement of $11,000 of commissions received, and suspended from association with any FINRA member in any capacity for four months. Kaye was registered with First Allied Securities in…

James Edward Rooney Jr., of Carrollton, Texas, was fined by FINRA a total of $75,000, suspended from association with any FINRA member in any capacity for a total of two years and was suspended in any supervisory capacity for 18 months.  FINRA alleges that Rooney engaged in private securities transactions…

Timothy Landrum, of Atlanta, Georgia, submitted an AWC in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Landrum consented to the sanction and to the entry of findings that he failed to provide FINRA with on-the-record testimony in connection…

According to FINRA Disciplinary actions for December, 2014, 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 Bryan Wayne Anderson…

The Federal Trade Commission (“FTC”) and the Office of the Attorney General of the State of Florida have filed a complaint alleging South Florida-based Inbound Call Experts LLC d/b/a Advanced Tech Support (“ICE”), Advanced Tech Supportco LLC (“ATS”), and their principals in a $120 Million telemarketing scheme through which ICE…

Patricia Miller was associated with Investors Capital Corp from July 2010 until Investors Capital Corp fired her in May 2014.  In October 2014, FINRA suspended her in all capacities from any FINRA firm for her failure to cooperate in a FINRA investigation.  Investors Capital Corp is now facing multiple arbitration…

Chapin Davis, Inc., of Baltimore, Maryland, submitted an AWC in which the firm was censured and fined by FINRA $35,000. Without admitting or denying the findings, Chapin Davis agreed to the sanctions and to the findings in connection with the sale of structured products, the firm’s supervisory system and WSPs…