A National Securities Arbitration & Investment Fraud Law Firm

Articles Posted in FINRA Disciplinary Actions

|

FINRA has barred Fort Lauderdale, Florida-based broker Douglas W. Studer (CRD# 4440047) for refusing to testify on the record in a FINRA-led investigation into whether Studer violated his employing firm’s policy by being named in an elderly customer’s estate documents to inherit the customer’s waterfront condominium.

Studer was employed by Kovack Securities Inc. (CRD# 44848) until Kovack terminated him in July 2016, according to the Acceptance, Waiver and Consent (“AWC”) entered into between Studer and FINRA.

According to the AWC, FINRA began investigating Studer on August 2, 2016.  Studer was asked to record testimony, but he refused to appear.  Allegedly, Studer appeared on his 91-year-old customer’s estate documents and was to inherit the elderly customer’s waterfront condominium.

Continue reading ›

|

According to FINRA Disciplinary actions for April 2017, 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
  Roberto Omar Bastardo   Wells Fargo Advisors, LLC
  Christopher John Calandrino   Joseph Stone Capital LLC
  Cape Securities Inc
  Kathy Campos  
  Dawn Deshean Davenport   J.P Morgan Securities LLC
  Louis Vincent Fontanella Jr.   Allstate Financial Services, LLC
  David Lerner Associates, Inc.
  Wanda L. Gilmer  
  Sherman Lee Greer   LPL Financial LLC
  UVest Financial Services Group, Inc.
  John Francis Hart   WFG Investments, Inc
  Questar Capital Corporation
  Raul Enrique Jacobs   T2 Asset Management, LLC
  Waddell & Reed
  Kyle Ryan Kurtz   Thrivent Investment Management Inc.
  Thrivent Financial for Lutherans
  Adela Ovadia Levy  
  Derrick Joseph Luttrell   Merrill Lynch, Pierce, Fenner & Smith Inc.
  Charles Schwab & Co., Inc.
  Destina Mantar   Goldman, Sachs & Co.
  Roxanna Andrea Marin   Wells Fargo Advisors, LLC
  Wesley Marion Oler IV   LPL Financial LLC
  Epic Retirement Services Consulting
  Richard Byron Raff   Infinex Investments, Inc.
  M&F Bank/Uvest Financial Services
  Francesco Anthony Scarso   First Standard Financial Company LLC
  PHX Financial, Inc.

Silver Law Group represents investors in securities and investment fraud cases through FINRA arbitration or court.  Our lawyers are admitted to practice in New York and Florida and represent investors nationwide in securities arbitration to help recover investment losses due to stockbroker misconduct.  If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

|

According to FINRA Disciplinary actions for April 2017, 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
  Adam Christopher Boynton   Morgan Stanley
  Wells Fargo Advisors, LLC
  Olori Dennis Hamilton   Woodstock Financial Group, Inc.
  Blackbook Capital LLC
  Jeffrey G. Lyon   Joseph Gunnar & Co. LLC
  Charles Vista LLC
  Daniel Keenan Michelman   Rothschild Lieberman LLC
  PHX Financial, Inc.
  Anthony Minerva   Richard James & Associates, Inc.
  J.D. Nicholas & Associates, Inc.
  Russell Leo Sadler   Independent Financial Group, LLC
  Cambridge Investment Research, Inc.
  Philip Jameson Staff   Ameriprise Financial Services, Inc.
  Wells Fargo Advisors, LLC
  Scott Paul Strochak   Morgan Stanley
  Merrill Lynch, Pierce, Fenner & Smith Inc.
  Donald Lee Watson Jr.   The Jeffrey Matthews Financial Group, LLC
  Stifel, Nicolaus & Company , Inc.
  Patrick Justin White, Sr.   Laidlaw & Company (UK) Ltd.
  Blackbook Capital LLC

Silver Law Group represents investors in securities and investment fraud cases through FINRA arbitration or court.  Our lawyers are admitted to practice in New York and Florida and represent investors nationwide in securities arbitration to help recover investment losses due to stockbroker misconduct.  If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

|

According to FINRA Disciplinary actions for April 2017, 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:

NAME FORMER EMPLOYERS
  Miguel Anel Aguilar   MML Investors Services, LLC
  Northwestern Mutual Investment Services, LLC
  Steven Preston Alexander   Citizens Securities, Inc.
  CUNA Brokerage Services, Inc.
  Jared Cody Artho   J.P. Morgan Securities LLC
  Amadou Bah    Maxim Group LLC
  Garden State Securities, Inc.
  Michael W Benjamin   State Farm VP Management Corp.
  John W. Boals   Allstate Financial Services, LLC
  Lionel Brooks Jr.   Merrill Lynch, Pierce, Fenner & Smith Inc.
  Oppenheimer & Co. Inc.
  Amanda Yvette Burnett   Invest Financial Corporation
  Sandra Canaba   LPL Financial LLC
  Chase Investment Services Corp.
  Joni Carrera  
  Barry Franklin Connell   Morgan Stanley
  UBS Financial Services Inc.
  Pamela A. Daniels  
  Charles Greer Denormandie III   Commonwealth Financial Network
  Ameriprise Financial Services, Inc.
  Leah Rose Fox-Greenberg  
  Jennifer Marie Gonzalez  
  Chad Daniel Hornaday   AXA Advisors, LLC
  National Planning Corporation
  Stephen Johnathan Hoshimi   Crescent Securities Group, Inc.
  Capwest Securities, Inc.
  Matthew J. Houtz   Raymond James & Associates, Inc.
  Jennifer Rebecca Johnson   Ameriprise Financial Services, Inc.
  Edward Jones
  Adam Anthony Jurczyk   J.P. Morgan Securities LLC
  John James Joseph Labrie   J.P. Morgan Securities LLC
  Chase Investment Services Corp.
  Alexander Lewis   Northwestern Mutual Investment Services LLC
  Derek James Longmuir   Advisors Asset Management, Inc.
  First Trust Portfolios LP
  Elijah Robert Maldonado   J.P. Morgan Securities LLC
  Chase Investment Services Corp.
  David K. Mallett   Wunderlich Securities, Inc.
  Stephens Inc.
  Raymond Edward Martin  
  Quinn Alexander McClendon   Citizens Securities, Inc.
  Mutual of Omaha Investor Services, Inc.
  Luan Quoc Nguyen   Pruco Securities, LLC
  Andrew Michael Pritchard   Pruco Securities, LLC
  Timothy John Reed   Suntrust Investment Services, Inc.
  Wells Fargo Advisors, LLC
  Steven Barry Sitzer   Dinosaur Securities, LLC
  Spartan Capital Securities, LLC
  Raynard Keshav Sookdial   PFS Investments Inc.
  Quynh Ngoc Tran   J.P. Morgan Securities LLC
  Nathan Robert Trodahl   State Farm VP Management Corp.
  Daniel L. Waters   Fidelity Brokerage Services LLC
  Sherman Marcel White   Wayne Hummer Investments LLC
  US Bancorp Investments, Inc.
  Brian Scot Winchester   Securities America, Inc.
  Sunset Financial Services, Inc.
  William Brian Wyman   Ameriprise Financial Services, Inc.
  Royal Alliance Associates, Inc.
  Kevin Jin Yi   Voya Financial Advisors, Inc.
  James Seokhoon Yoon   J.P. Morgan Securities LLC
  Young Min Yun  

Silver Law Group represents investors in securities and investment fraud cases through FINRA arbitration or court.  Our lawyers are admitted to practice in New York and Florida and represent investors nationwide in securities arbitration to help recover investment losses due to stockbroker misconduct.  If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

|

Silver Law Group is investigating former Locust, North Carolina-based LPL Financial LLC (CRD# 6413) broker Sherman L. Greer(CRD# 4910464) after FINRA permanently barred him.

According to Greer’s FINRA BrokerCheck report, FINRA permanently barred Greer in November 2016 from acting as a broker or otherwise associating with firms that sell securities to the public after Greer failed to respond to FINRA’s request for information.

Prior to FINRA’s bar, LPL Financial discharged Greer in May 2016 after he failed to respond to inquiries from LPL Financial’s compliance department.

Continue reading ›

|

According to FINRA Disciplinary actions for March 2017, 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
  Michael David Charest   Citizens Securities, Inc.
  CCO Investment Services Corp.
  William Thomas Eaton   LPL Financial LLC
  Wells Fargo Advisors, LLC
  Jason Francis Edwards   J.P Morgan Securities LLC
  SII Investments, Inc.
  Wayne Fitzgerald Ford   Salomon Whitney Financial
  Rockwell Global Capital LLC
  Robert M. Hirsch   T3 Trading Group, LLC
  UBS Financial Services Inc.
  Arthur Kenneth King IV   First Empire Securities, Inc.
  Stifel, Nicolaus & Company, Inc.
  Nicholas McCauley Messore   LPL Financial LLC
  Morgan Stanley Smith Barney
  Andrew Joseph Niehus   ULU Capital, LLC
  Raymond James & Associates, Inc.
  William A. Van Ormer III   Voya Financial Advisors, Inc.
  Suntrust Investment Services, Inc.
  Darin Richard Pastor   Courtlandt Securities Corporation
  Capstone Affluent Strategies

Silver Law Group represents investors in securities and investment fraud cases through FINRA arbitration or court.  Our lawyers are admitted to practice in New York and Florida and represent investors nationwide in securities arbitration to help recover investment losses due to stockbroker misconduct.  If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

|

According to FINRA Disciplinary actions for March 2017, 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:

NAME FORMER EMPLOYERS
  Philip Bagalanon
  Terry Dean Bahgat   Gradient Securities, LLC
  Cambridge Investment Research, Inc.
  Patrick Hugh Dowd   Pruco Securities, LLC
  The Prudential Insurance Company of America
  Joseph Adam Giardina   Allstate Financial Services, LLC
  Ryley Grosso   Infinex Investments, Inc.
  PFS Investments Inc.
  Larry Anthony Ham   J.P. Morgan Securities LLC
  Chase Investment Services Corp.
  Barry Jin   Spartan Capital Securities, LLC
  Lampert Capital Markets Inc.
  Martin Jones   Goldman, Sachs & Co.
  Melanie Ann Melton   Allstate Financial Services, LLC
  Lystra C. Moore-Besson   HSBC Securities (USA) Inc.
  HSBC Brokerage (USA) Inc.
  Karrie Renee Parrett   Independent Financial Group LLC
  Invest Financial Corporation
  Douglas A. Rabess   NYLife Securities LLC
  Joshua James Shelby   J.P. Morgan Securities LLC
  Chase Investment Services Corp.
  Donald Lee Watson, Jr.   The Jeffrey Matthews Financial Group, LLC
  Stifel, Nicolaus & Company, Inc.
  Mark Nicholas Wesley   Ameriprise Financial Services, Inc.
  IDS Life Insurance Company
  Steven Warren Whelan   MML Investors Services, LLC
  Pruco Securities, LLC
  Terrance Jerome Wilkerson   First Financial Equity Corporation
  Merrill Lynch, Pierce, Fenner & Smith Inc.
  Gregory Allen Zale   LPL Financial LLC
  Royal Alliance Associates, Inc.

Silver Law Group represents investors in securities and investment fraud cases through FINRA arbitration or court.  Our lawyers are admitted to practice in New York and Florida and represent investors nationwide in securities arbitration to help recover investment losses due to stockbroker misconduct.  If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

|

According to FINRA Disciplinary actions for March 2017, 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
  Dennis Dewain Hern   Ameriprise Financial Services, Inc.
  First Command Financial Planning, Inc.
  Boa Tran Dinh Hoang   J.P. Morgan Securities LLC
  Chase Investment Services Corp.
  Christopher Wayne Hunt II
  Laurence H. King   Legend Securities, Inc.
  Domestic Securities, Inc.
  Reginald Lewis McCarthy   Horace Mann Investors, Inc.
  Allstate Financial Services, LLC
  Caleb Layton Morris   Country Capital Management Company
  Brian Patrick Murphy   Signator Investors, Inc.
  MetLife Securities Inc.
  Peter Michael Riley   Morgan Stanley
  UBS Financial Services, Inc.
  Robert Shaffer   Fordham Financial Management, Inc.
  PHX Financial, Inc.
  Joe Don Treece   Arvest Wealth Management
  Raymond James & Associates, Inc.

Silver Law Group represents investors in securities and investment fraud cases through FINRA arbitration or court.  Our lawyers are admitted to practice in New York and Florida and represent investors nationwide in securities arbitration to help recover investment losses due to stockbroker misconduct.  If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

|

Silver Law Group is investigating former Las Vegas, Nevada broker Frank R. Underhill Jr. (CRD# 4970331) after FINRA permanently barred him.

According to Underhill’s FINRA BrokerCheck report, Underhill who owned and operated his own brokerage firm, Underhill Securities Corp. (CRD# 148001), FINRA permanently barred Underhill from acting as a broker or otherwise associating with firms that sell securities to the public.

Underhill failed to respond to a FINRA request for information, according to his BrokerCheck report, which was the cause of his permanent bar.

Continue reading ›

|

Cetera Brokerage Firm Investors Capital Corp Fined $1.1 Million Over Sales of Unit Investment Trusts

Silver Law Group is investigating investor claims against Cetera Financial Group-owned Investors Capital Corp. (CRD# 30613) after FINRA fined the firm and ordered it to pay restitution of over $1.1 million for allegations of short-term trading of unit investment trusts (“UITs”).

According to the Acceptance, Waiver & Consent (“AWC”) Investors Capital Corp. (“Investors Capital”) and FINRA entered into in October 2016, FINRA found that Investors Capital recommended unsuitable short-term trading of UITs and Steepener Notes (“Steepener Notes”) in 74 customer accounts.  Additionally, Investors Capital failed to apply sales charge discounts to certain customers’ purchases of UITs, according to the AWC.  The misconduct occurred between June 2010 and September 2015.

Continue reading ›
Contact Information
Main Office
11780 W Sample Rd
Coral Springs, FL 33065
Phone: (954) 755-4799Fax: (954) 755-4684
New York Office
229 W 36th St 8th Floor
New York, NY 10018
Phone: (212) 377-5227
Florida Office
4755 Technology Way #205
Boca Raton, FL 33431
Phone: (561) 665-8613
ATTORNEY ADVERTISING

Visit our Florida Securities Whistleblower Website

We serve clients nationwide including, but not limited to, those in the following localities: Atlanta, Baltimore, Boston, Chicago, Dallas–Fort Worth, Denver, Detroit, Houston, Los Angeles, Miami, New York City, Philadelphia, Phoenix, San Bernardino-Riverside, San Diego, San Francisco, Seattle, St. Louis, Tampa–St. Petersburg, and Washington, D.C. View More

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Please do not include any confidential or sensitive information in a contact form, text message, or voicemail. The contact form sends information by non-encrypted email, which is not secure. Submitting a contact form, sending a text message, making a phone call, or leaving a voicemail does not create an attorney-client relationship.

Copyright © 2024, Silver Law Group
JUSTIA Law Firm Blog Design