Articles Posted in Stockbroker Misconduct

Anthony Bottini III (CRD# 5567091) was a broker and investment advisor who was recently barred from the securities industry.  Bottini worked for 13 years at Merrill Lynch, Pierce, Fenner & Smith Inc. in New York, one of the nation’s largest brokerage firms. The Financial Industry Regulatory Authority (FINRA) imposed the…

Judah Spinner (CRD# 7039921) a financial broker with six years of industry experience, was suspended from the securities industry by the Financial Industry Regulatory Authority (FINRA) following allegations of soliciting individuals to invest in an investment fund without providing written notice to his member firm, Primerica Financial Services.  Spinner had been…

Phillip Curtis Anderson (CRD# 814936) a financial broker with 40 years of industry experience, was suspended from the securities industry by the Financial Industry Regulatory Authority (FINRA) following allegations of recommending unrated corporate bonds to senior retail customers. Anderson had been employed at Kingswood Capital Partners LLC in Roseville, California…

Nicholas James Schiano (CRD# 4429212) a financial broker with 24 years of experience, was suspended from the securities industry by the Financial Industry Regulatory Authority (FINRA) following allegations of excessive trading for two senior clients. Schiano had been associated with Spartan Capital Securities, LLC in New York City for the past…

Joseph Jemel Steward (CRD# 3241331) a financial broker with 20 years of experience, has been suspended from the securities industry by the Financial Industry Regulatory Authority (FINRA). The suspension followed allegations that he engaged in excessive and unsuitable trading that was not in the best interest of his customer. Steward most…

Eduardo Leon Jr. (CRD# 2232647), a Houston based financial broker with more than 33 years of securities industry experience, has been recently suspended by the Financial Industry Regulatory Authority (FINRA). The suspension followed allegations that Leon recommended investments that were not in the best interests of his clients. He has…

According to FINRA Disciplinary actions for November 2025, 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 Archimede PFS Investments Inc. Federico Cardona Stonecrest Advisors Inc. Morgan Stanley Jason Michael Fekete Ameritas…

According to FINRA Disciplinary actions for November 2025, 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…

According to FINRA Disciplinary actions for November 2025, 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 Neil S. Cohen…

Spencer Hilligoss (CRD# 7289560) is a previously registered broker whose last employer was Finalis Securities LLC (CRD# 305908) of New York, NY. Hilligoss was previously employed at Growth Capital Services, Inc. (CRD# 124658) of Claymont, DE, beginning in 2020. Prestige ATM While Hilligoss currently has no disclosures in his CRD, it…