Articles Posted in Barred by FINRA

Failure to provide on-the-record testimony to FINRA results in disciplinary action After termination from employment with Morgan Stanley in 2014 following allegations surrounding his status as an executor and beneficiary in a client’s estate and his use of discretion in several client accounts, broker Justin Amaral has been permanently barred…

Allegations include elder fraud, misappropriation and failure to provide requested information Following a fifteen-year career in the securities industry, Boca Raton-based financial adviser Brian M. Berger has been permanently barred from the industry due to allegations of funds misappropriation as well as failing to respond to FINRA requests for information.…

Torres allegedly convinced a client to go into business with him, converted at least $59,600 for his personal use After five years in the securities industry, Alejandro Ariel Torres has been permanently barred by FINRA on May 11, 2015 following allegations of converting customer money for his personal use. Most…

Record shows customer disputes and failure to respond to FINRA request FINRA barred Ralph Oelbermann in February after 23 years in the securities industry. According to FINRA’s website, the bar resulted from Oelbermann allegedly failing to respond to FINRA requests for information. In 2013, Oelbermann was discharged from his employing…

Permanent action follows a three-month suspension from the securities industry According to the Financial Industry Regulatory Authority (FINRA), Neil J. Buysse has been permanently barred from practicing within the securities industry following a 2014 suspension. Buysse was suspended on Dec. 1 following his alleged failure to respond to a FINRA…

Allegations concern unsuitable, excessive and unauthorized trades for a 101-year-old customer After 16 years in the securities industry, FINRA barred Thomas Morley Hogle from acting as a broker or associating with FINRA members in a professional capacity on May 11, according to the FINRA website. The action comes in the…

Diaz was also fined $10,000 amid allegations of fraud, negligence, unsuitability and misrepresentation After a 14-year career in the securities industry marred by 44 disclosure events, Anthony Diaz has been permanently barred from acting as a broker and fined $10,000 by FINRA on June 10, 2015. This follows allegations of…