According to FINRA Disciplinary actions for February 2023, 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 Eugene Bartley III J.P. Morgan Securities LLC Merrill Lynch, Pierce, Fenner & Smith…
Securities Arbitration Lawyers Blog
FINRA Bars Stockbrokers For Failing To Provide FINRA With Information February 2023
According to FINRA Disciplinary actions for February 2023, 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 Albert Aviles…
FINRA Suspends Registered Individuals For Violations Of FINRA Rules February 2023
According to FINRA Disciplinary actions for February 2023, 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…
Celsius Lawsuits Continue To Expand For Investors
Last year’s drop in cryptocurrency had far-reaching implications for the entire industry, including one New York-based exchange, Celsius. Silver Law Group is investigating claims against various third parties for knowingly assisting Celsius fraudulent activities. On Thursday, January 5, 2023, New York State’s Attorney General Letitia James filed a civil lawsuit…
Did You Lose Crypto On Celsius
While the financial world has been focused on the FTX case and all the involved parties, another cryptocurrency drama has unfolded with less fanfare. Silver Law Group represents Celsius account holders in potential claims for return of their money. Jason Stone, a former investment manager and founder of KeyFi, has…
SEC Highlights That GWG Bonds Are Speculative Investments
A broker and his investment firm in Wausau, WI has been charged by the SEC after he was barred last year for defrauding clients. Anthony B. “Tony” Liddle, (CRD# 5478479) and his company, Prosper Wealth Management, convinced at least 13 of his clients to invest money in L-Bonds sold by…
Charles Malico, Former Network 1 Financial Securities Broker, Suspended By FINRA
Charles Malico (Charles Vincent Malico CRD# 1507282) is a previously registered broker whose last known employer was Network 1 Financial Securities Inc. (CRD#:13577) of Huntington Station, NY. His previous employers include MidAmerica Financial Services, Inc. (CRD#:47351, expelled by FINRA on 5/10/2016), Global Arena Capital Corp (CRD#:16871, expelled by FINRA on…
FINRA Suspends MB Schreiber After Customer Complaint
MB Schreiber (MB “Mickey” Schreiber CRD# 1032600) is a registered broker whose most recent employer was Aegis Capital Corp. (CRD#:15007) of Red Bank, NJ. His previous employers include National Securities Corporation (CRD#:7569), Newbridge Securities Corporation (CRD#:104065), and Summit Brokerage Services, Inc. (CRD#:34643), also of Red Bank. He has been in…
Treasure Coast Bullion Group Solicitor’s Motion To Dismiss Lawsuit Denied
A favorable court ruling on behalf of a client who suffered losses in a leveraged precious metals investment scheme will proceed against the solicitor. On January 4, 2023, the United States District Court for the Northern District of California denied a motion to Dismiss for Lack of Personal Jurisdiction filed…
FINRA Suspends Broker Efrain Balderrama Trujillo Again After Borrowing Money From Customers
Efrain Balderrama Trujillo (CRD# 3106482) is a previously registered broker and investment advisor whose last known employer was Western International Securities, Inc. (CRD#:39262) of Los Angeles, CA. His previous employers were Financial West Group (CRD#:16668, expelled by FINRA on 2/13/2020) and SRM Securities, Incorporated (CRD#:13716), also of Los Angeles. He…