Securities Arbitration Lawyers Blog

Juan Sosa (Juan Carlos Sosa CRD# 4059846) is a former registered broker and investment advisor. His most recent employment was with Independent Financial Group, LLC (CRD# 7717) of Studio City, CA. His previous employers were Sagepoint Financial, Inc. (CRD# 133763), also of Studio City, Sunamerica Securities, Inc. (CRD# 20068) of…

Eugene Thompson (Eugene Cebron Thompson IV CRD# 4350479, aka Bron Thompson, EC Thompson IV) is a registered broker and investment advisor currently employed with Capital Investment Group, Inc. (CRD# 14752) of Dunn, NC. He was previously employed with Wells Fargo Advisors, LLC (CRD# 19616) of Wilmington, NC, as both a…

According to FINRA Disciplinary actions for June 2024, 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   Gerald Cocuzzo   Newbridge Securities Corporation   IAA Financial LLC   Kevin Hobbs   PFS…

According to FINRA Disciplinary actions for June 2024, 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. However, these individuals remain bound by…

According to FINRA Disciplinary actions for June 2024, 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   James Brown…

Silver Law Group’s managing partner Scott Silver was interviewed by Investment News for a news article about the SEC revoking the license of Lufkin Advisors of San Mateo, California. The license was revoked after its president and chief compliance officer, Chauncey Forbush Lufkin, III, was charged with fraudulent contact related…

The SEC recently released a new investor alert detailing ways that investors can be lured into new frauds involving crypto assets with both new and old techniques. Online scams are still the predominant method. But the addition of AI adds a false sense of believability that can make even tech-savvy…

Michael Archimede (CRD# 5701306) is a former registered broker and investment advisor previously employed with PFS Investments Inc. (CRD# 10111) of Waukesha, WI  He has been in the industry since 2010. On 11/9/2023, a customer filed a dispute alleging that Archimede borrowed money and failed to repay the loan, requesting…

Joseph Beam (Joseph Farrell Beam CRD# 5407778) is a former registered broker and investment advisor last employed with Capital Investment Group, Inc. (CRD# 14752) of Flat Rock, NC. His previous employment was with Suntrust Investment Services, Inc. (CRD# 17499) of Hendersonville, NC.  No additional employment information is available. He began…

Silver Law Group’s founder, attorney Scott Silver, recently spoke with Investment News about two brokers who filed for bankruptcy after a FINRA arbitration awarded money to one of their former clients. “Another schlocky broker-dealer gets hit with an arbitration award and the owner and everyone else declare bankruptcy,” Mr. Silver…