Articles Posted in Blog

The New York broker has been charged with numerous violations, including misappropriation Though he’s currently not registered with a firm, Demitrios Hallas may never be allowed to work as a broker again. According to the SEC, from March 2014 to May 2016, Hallas violated a variety of anti-fraud provisions by…

The Florida broker received a fine and suspension for making unsuitable investments Christopher Robert Hickman will not be able to resume working as a broker until the middle of November. It will be then that his five-month suspension will come to an end. The penalty came from the Financial Industry…

Koltun has been reportedly over-concentrating accounts on Puerto Rico bonds Samuel Kluft Koltun has received a number of Financial Industry Regulatory Authority (FINRA) disclosures lately. From October 2015 to September of 2016, the broker received four customer complaints, and they all had one thing in common: Puerto Rico. Currently registered…

What is the duty of a fiduciary? A recent case involving a broker-dealer firm in Puerto Rico is raising the issue According to the Uniform Securities Act of Puerto Rico, broker-dealers and investment advisors in the commonwealth “must observe the highest standards of fiduciary duty toward their customers and clients.”…

Since the beginning of 2017, he’s been involved in numerous customer disputes For the time being, Abraham Heimann is not working as a broker. He started at Cetera Advisors LLC out of Alpharetta, Georgia, in June of 2013, but his employment there ended in early 2016. And even though he…

The West Des Moines broker is under suspicion of elder financial fraud surrounding agreement with 76-year old customer. According to the Financial Industry Regulatory Authority (FINRA), Steven Anthony Olejniczak was discharged from his employment with Edward Jones in West Des Moines, IA in May 2016 for failing to report to…

Founded in 1983, Cetera Advisor Networks, LLC (CRD# 13572) is one of the largest independently managed brokerage firm in the U.S. Based in El Segundo, California, the company has a network of 10 broker-dealer firms consisting of nearly 10,000 advisors. Cetera was originally created under the name of Financial Network…

The former Mid Atlantic broker was accused of violating his duty as a trustee Earlier this year, the Financial Industry Regulatory Authority (FINRA) began investigating David Wesley Wells due to allegations that he misappropriated funds from at least one client. When Wells refused to give FINRA the information it needed,…

The New Jersey broker is alleged to have committed elder financial fraud V. Cullen Kempson III (also known as Voigt C. Kempson) was fined and suspended earlier this year by the Financial Industry Regulatory Authority (FINRA). The agency discovered and reported that he had made trades in the account of…

After numerous allegations, his 23-year career has come to an end The Financial Industry Regulatory Authority (FINRA) has permanently barred Darnell Anthony Deans from the securities industry. The agency’s final ruling came after years of sanctions, suspensions, and fines related to a charge that he borrowed money from clients. In…