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Ryan Raskin (Ryan Ashley Raskin CRD# 5539610) is a former registered broker and investment advisor was registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated (CRD#7691) in Beverly Hills, California from 2016-2020. Raskin previously worked with Morgan Stanley in Woodland Hills, California from 2009-2016. In March 2020, Raskin was discharged from Merrill Lynch following allegations of “business practices inconsistent with Firm standards, including inappropriate investment recommendations.” Following Raskin’s Termination From Merrill Lynch, FINRA Investigates According to the Financial Industry Regulatory Authority (FINRA), after Merrill Lynch reported Raskin’s discharge, FINRA started an investigation that included sending requests for production of information and documents to Raskin. Raskin did not respond to these requests. FINRA’s Letter of Acceptance, Waiver, and Consent with Raskin (AWC), states that Raskin acknowledged receipt of the requests, but “stated that he did not intend to respond . . .”. Failure to produce information and documents in response to FINRA’s request is a violation of FINRA Rules.  As a result, Raskin consented to a permanent bar from associating with any FINRA member in all capacities. Ryan Raskin (Ryan Ashley Raskin CRD# 5539610) is a former registered broker and investment advisor was registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated (CRD#7691) in Beverly Hills, California from 2016-2020. Raskin previously worked with Morgan Stanley in Woodland Hills, California from 2009-2016. Continue reading ›

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Investment firm Infinity Q Capital Management LLC has halted investor redemptions following the discovery of potentially serious valuation issues. According to a recent article published in the Wall Street Journal, the firm’s Chief Investment Officer has been banned from trading following discovery of potential misconduct relating to valuation of the firm’s net asset value (NAV). The New York City-based firm, which has about $3 billion in assets under management, requested that the Securities and Exchange Commission suspend redemptions. Investors in two of Infinity Q’s funds, Infinity Q Diversified Alpha Fund Institutional Class (NASDAQ: IQDNX) and Infinity Q Diversified Alpha Fund Investor Class (NASDAQ: IQDAX), have become increasingly concerned after this information was disclosed, as it may reflect serious issues with the value of their investments in Infinity Q’s funds.Investment firm Infinity Q Capital Management LLC has halted investor redemptions following the discovery of potentially serious valuation issues. According to a recent article published in the Wall Street Journal, the firm’s Chief Investment Officer has been banned from trading following discovery of potential misconduct relating to valuation of the firm’s net asset value (NAV). The New York City-based firm, which has about $3 billion in assets under management, requested that the Securities and Exchange Commission suspend redemptions. Continue reading ›

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Scott Silver, Silver Law Group’s managing partner, was interviewed for a CNBC article about the GameStop (GME) bull who is behind the Roaring Kitty YouTube streams. GameStop Surges With Help From Reddit, Social Media Bulls According to news reports, GameStop stock’s incredible rise in price was helped by social media posts by people like Roaring Kitty and a Reddit user named DeepF***ingValue who posted on the WallStreetBets thread. The posts contributed to large amounts of retail investment money pouring into GameStop stock, which drove up the price and harmed the hedge funds who had shorted the stock.Scott Silver, Silver Law Group’s managing partner, was interviewed for a CNBC article about the GameStop (GME) bull who is behind the Roaring Kitty YouTube streams.

GameStop Surges With Help From Reddit, Social Media Bulls

According to news reports, GameStop stock’s incredible rise in price was helped by social media posts by people like Roaring Kitty and a Reddit user named DeepF***ingValue who posted on the WallStreetBets thread. The posts contributed to large amounts of retail investment money pouring into GameStop stock, which drove up the price and harmed the hedge funds who had shorted the stock. Continue reading ›

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Tyler Delahunt (Tyler Dean Delahunt CRD#: 4419594) is a formerly registered broker and investment advisor whose last known employer was Merrill Lynch, Pierce, Fenner & Smith Incorporated (CRD#:7691) of Atlanta, Georgia. His previous employers include PFS Investments Inc. (CRD#:10111) of Duluth, Georgia and Raymond James Financial Services, Inc. (CRD#:6694) of Alpharetta, Georgia.  Delahunt has been in the industry since 2001. Tyler Delahunt Discharged By Merrill Lynch For “Selling Away” According to Delahunt’s CRD Report, published online by FINRA, Merrill Lynch discharged Delahunt in August 2020. The allegations against Delahunt in connection with his discharge involve “improper solicitation of clients related to an outside investment and participating in financial arrangements involving clients.” Solicitation of clients for an outside investment not approved by a broker’s employing firm is often referred to in the securities industry as “selling away”. After Delahunt’s Discharge, FINRA Initiated an Investigation FINRA began an investigation after receiving paperwork from Merrill Lynch with the reasons for his termination.  According to FINRA’s Letter of Acceptance, Waiver, and Consent with Delahunt (AWC), FINRA was investigating “whether Delahunt had solicited clients in a private securities transaction without approval of Merrill Lynch and whether he had accepted loans or other funds from clients without notice to his firm.” The AWC indicates that Delahunt failed to respond to FINRA’s inquiry, in violation of FINRA Rules.Tyler Delahunt (Tyler Dean Delahunt CRD#: 4419594) is a formerly registered broker and investment advisor whose last known employer was Merrill Lynch, Pierce, Fenner & Smith Incorporated (CRD#:7691) of Atlanta, Georgia. His previous employers include PFS Investments Inc. (CRD#:10111) of Duluth, Georgia and Raymond James Financial Services, Inc. (CRD#:6694) of Alpharetta, Georgia.  Delahunt has been in the industry since 2001. Continue reading ›

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Michael Fahsholtz (Michael Anthony Fahsholtz CRD#: 2057306) is a former broker and investment advisor who was registered with broker-dealer Stifel, Nicolaus & Company, Incorporated (CRD#:793) from 2011 until he left the brokerage industry in 2020. Fahsholtz was based in Wenatchee, Washington. Fahsholtz’s FINRA BrokerCheck Report, published by the Financial Industry Regulatory Authority (“FINRA”) indicates that he is the subject of five pending securities arbitration claims, and that three other disputes lodged against Fahsholtz have been settled. FINRA Arbitration Claims Against Fahsholtz Pile Up Over Past Three Years Fahsholtz is facing five pending customer disputes, all of which concern his recommendations that customers invest in corporate debt instruments and unit investment trusts (UITs).  Many of the disputes contain the same allegations, including:Michael Fahsholtz (Michael Anthony Fahsholtz CRD#: 2057306) is a former broker and investment advisor who was registered with broker-dealer Stifel, Nicolaus & Company, Incorporated (CRD#:793) from 2011 until he left the brokerage industry in 2020. Fahsholtz was based in Wenatchee, Washington. Fahsholtz’s FINRA BrokerCheck Report, published by the Financial Industry Regulatory Authority (“FINRA”) indicates that he is the subject of five pending securities arbitration claims, and that three other disputes lodged against Fahsholtz have been settled. Continue reading ›

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According to FINRA Disciplinary actions for January 2021, 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 the securities arbitration agreement to arbitrate any disputes between themselves and their former customers:

NAME FORMER EMPLOYERS
  Jason Anderson   Merrill Lynch, Pierce, Fenner & Smith Incorporated
  LPL Financial LLC
  Solomon Apprey   Pruco Securities, LLC
  AXA Advisors, LLC
  Harry Lum, Jr.   Horace Mann Investors, Inc.
  Allstate Financial Services, LLC
  Timothy Melvin   Horace Mann Investors, Inc.
  Jeffrey Sandwell   LPL Financial LLC
  Trilogy Financial Services
  Jon Scheier   Edward Jones

Continue reading ›

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According to FINRA Disciplinary actions for January 2021, 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
  Dane Brinkman   Kovack Securities Inc.
  UBS Financial Services Inc.
  Jonah Engler   Global Arena Capital Corp
  HFP Capital Markets LLC
  David Fleming, Jr.   Stifel, Nicolaus & Company, Incorporated
  Sterne, Agee & Leach, Inc.
  Justin Harris   Morgan Stanley
  Wells Fargo Advisors, LLC
  Eric Roark   Ameriprise Financial Services, LLC
  Oppenheimer & Co. Inc.
  Yousuf Saljooki   Worden Capital Management LLC
  Solomon Whitney Financial
  Josef Schaible   Templum Markets LLC
  Auto Aftermarket Securities, LLC
  David Sheppard   Meyers Associates, L.P.
  Aegis Capital Corp.
  Paul Stanford   Santander Securities LLC
  Ameriprise Financial Services, Inc.
  Gary Strange   Cambridge Investment Research, Inc.
  William Joseph Capital Management LLC
  Robert Whittenburg   Ameriprise Financial Services, Inc.
  Wells Fargo Clearing Services, LLC

Continue reading ›

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According to FINRA Disciplinary actions for January 2021, 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
  Casey Brougham   Nationwide Securities, LLC
  Nationwide Securities, Inc.
  Derek Edwards   PFS Investments Inc.
  Curt Giacobbe   MML Investors Services, LLC
  NYLife Securities LLC
  Young Ju Kim
  Kevin Lafollette   Nationwide Investment Services Corporation
  Paul McGonigle   LPL Financial LLC
  SII Investments, Inc.
  Naveed Mitha   Suntrust Robinson Humphrey, Inc.
  Jose Montero   J.P. Morgan Securities LLC
  Cleavon Tidball   T. Rowe Price Investment Services, Inc.
  Transamerica Investors Securities Corporation

Continue reading ›

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When the coronavirus sent Americans home, many people began investigating new projects, new hobbies and opportunities. You may know someone who has learned old-fashioned skills like gourmet cooking, quilting, sewing or other crafts, or taken up a new fitness routine. Others decide to learn new skills or improve the ones they have, from project management to SEO digital marketing and beyond. Still others who are home more have the time to learn more about investing as something that they postponed for “another day.” If you’ve been learning about investing you may have noticed a wide range of less expensive stocks available, frequently called “microcaps.” Some of them may be particularly appealing. But if you aren’t yet a sophisticated investor, it’s best to be cautious until you learn how everything works. The SEC, FINRA and North American Securities Administrators Association (NASAA) have issued warnings about an increase in scams that use the pandemic as part of their fraud with microcap stocks.When the coronavirus sent Americans home, many people began investigating new projects, new hobbies and opportunities. You may know someone who has learned old-fashioned skills like gourmet cooking, quilting, sewing or other crafts, or taken up a new fitness routine. Others decide to learn new skills or improve the ones they have, from project management to SEO digital marketing and beyond.Still others who are home more have the time to learn more about investing as something that they postponed for “another day.” If you’ve been learning about investing you may have noticed a wide range of less expensive stocks available, frequently called “microcaps.” Some of them may be particularly appealing. But if you aren’t yet a sophisticated investor, it’s best to be cautious until you learn how everything works. Continue reading ›

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