Securities Arbitration Lawyers Blog

Silver Law Group is investigating New York City-based broker Melanie S. Sweet (CRD# 2620987) after FINRA suspended her from acting as a broker in December 2016. Sweet is employed by Hamershlag Sulzberger Borg Capital Markets, Inc. (CRD#:103460) According to Sweet’s FINRA BrokerCheck report, FINRA suspended Sweet after she failed to…

Silver Law Group is investigating former Jupiter, Florida-based Wells Fargo Advisors, LLC (CRD# 19616) broker Roberto O. Bastardo (CRD# 6570886) after Wells Fargo Advisors discharged him for allegedly attempting to misappropriate customer funds. According to Bastardo’s FINRA BrokerCheck report, Wells Fargo Advisors discharged Bastardo in September 2016 for attempting to…

Silver Law Group is investigating former Arkansas-based Arvest Wealth Management (CRD# 42057) broker Joe D. Treece (CRD# 2925735) after FINRA and other state regulators barred him from acting as a broker. According to Treece’s FINRA BrokerCheck, FINRA permanently barred Treece in October 2016 from acting as a broker or otherwise…

Silver Law Group is investigating former Fresno, California- and San Antonio, Texas-based broker Willard L. Golightly (CRD# 4395250) after FINRA permanently barred him from engaging in certain activities in the securities industry. According to Golightly’s FINRA BrokerCheck report, FINRA suspended Golightly in December 2016 after Golightly failed to comply with…

Silver Law Group is investigating former Georgia-based SunTrust Investment Services, Inc. (CRD# 17499) broker Ryan E. Cox (CRD# 3018153) over allegations that he accepted cash gifts from his customers. According to Cox’s FINRA BrokerCheck report, Cox was discharged in March 2015 by his former employer, Synovus Securities, Inc. (CRD# 14023). …

The SEC filed charges against a Pompano Beach, Florida-based company, its CEO and its top sales agent in late March 2017, accusing them of conducting a boiler room operation that bilked investors out of almost $5 million. According to the SEC’s complaint, CEO David Gray and sales agent Joseph A.…

The SEC announced an emergency asset freeze and temporary restraining order against a Chicago-based investment adviser and his financial management company accused of scamming elderly investors out of millions of dollars. In the SEC’s complaint, the SEC alleges that Daniel H. Glick (CRD# 2175655) and his unregistered investment advisory firm…

FINRA and the SEC adopted and approved a new rule that is intended to help curb elder financial fraud. In March 2017, FINRA adopted FINRA Rule 2165. Financial Exploitation of Specified Adults.  Shortly thereafter, the SEC approved the rule with an effective date of February 2018 set in place. FINRA…

FINRA recently amended a rule that would require brokerage firms to establish a contact for at-risk seniors. In March 2017, FINRA amended FINRA Rule 4512 to require member firms to make reasonable efforts to obtain the name and contact information for a trusted contact person upon the opening of a…

Silver Law Group is investigating former LPL Financial LLC (CRD# 6413) broker Robert N. Tricarico (CRD# 1500863) after he pled guilty to one count of wire fraud against an elderly investor in a federal court in Connecticut. According to Tricarico’s FINRA BrokerCheck, Tricarico pled guilty in June 2016 in a…