Articles Posted in FINRA

Tauzin’s alleged actions are some of the latest in a long history of violations by LPL advisors Mark Tauzin won’t be able to work as a broker again until July of this year. In November of 2016, the Financial Industry Regulatory Authority (FINRA) suspended him eight months for what they…

The broker’s unsuitable recommendations caused clients to lose money In September of 2016, broker Robert Estevez received a fine and suspension from the Financial Industry Regulatory Authority (FINRA). The penalties were the result of an investigation by the agency that discovered Estevez made unsuitable recommendations to his clients. According to…

Goslin failed to disclose outside business activity from which he profited After an investigation, the Financial Industry Regulatory Authority (FINRA) suspended broker Christopher Goslin for one month and fined him $5,000. Goslin agreed to the sanctions, though he didn’t admit to or deny the findings. According to FINRA, Goslin conducted…

The broker is reported to have made investments to generate commissions for himself Lucas Lichtman cannot act as a broker again until July of 2017. In October of 2016, the Financial Industry Regulatory Authority (FINRA) handed him a nine-month suspension – as well as a fine of $7,500 – due…

The broker had been accused of making unsuitable recommendations Michael Inderlied is no longer allowed to work in any capacity as a broker that sells securities to the public. This order came down from the Financial Industry Regulatory Authority (FINRA) in September of 2016 after Inderlied failed to appear for…

Prospera Financial Services, Inc. broker failed to respond to FINRA requests for information, resulting in a permanent ban from the industry After 22 years in the securities industry, practicing both as a broker and an investment adviser, Rhonda Matthews’ securities career is over. According to the Financial Industry Regulatory Authority’s…

Ziesemer’s 22-year career ends with numerous customer disputes and damages requested against him of almost $2M Wayzata, MN broker Lance Ziesemer began facing customer complaints in May 2007 when the first registered complaint against him showed up on his BrokerCheck report. Ziesemer had just started his employment with FELTL &…

His former firm, LPL Financial, is facing serious accusations In November, we chronicled the history of Lance Shaw and why FINRA barred him from ever working as a broker again. Over the course of his 15-year career, he was involved in eight customer disputes, with the majority of them related…

The Florida broker has been charged with numerous violations over the past three years The Financial Industry Regulatory Authority (FINRA) recently suspended broker Paul McLellan Alexander, Jr. after finding that he made transactions while exercising discretion, though he didn’t have written authorization from his clients. His firm reportedly hadn’t accepted…

Once again, Nokomis, Florida-based broker is sanctioned and fined by FINRA. When investing with a broker, it’s important to know his or her own financial background. For instance, if you invested with Scott Aabel anytime since his early days in the securities industry with Lutheran Brotherhood Securities Corp. in 1991,…