Securities Arbitration Lawyers Blog

According to FINRA Disciplinary actions for February 2017, 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 Allen Becking   Wells Fargo Advisors, LLC   Chase Investment Services Corp.     Vladimir…

According to FINRA Disciplinary actions for February 2017, 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   Troy Christopher…

Silver Law Group is investigating former Arizona-based LPL Financial LLC (CRD# 6413) broker Dominic T. DeBruin (CRD# 2788196) after FINRA permanently barred the broker. According to DeBruin’s FINRA BrokerCheck report, FINRA permanently barred DeBruin from acting as a broker or otherwise associating with firms that sell securities to the public.…

His former firm, LPL Financial, is facing serious accusations In November, we chronicled the history of Lance Shaw and why FINRA barred him from ever working as a broker again. Over the course of his 15-year career, he was involved in eight customer disputes, with the majority of them related…

Once again, Nokomis, Florida-based broker is sanctioned and fined by FINRA. When investing with a broker, it’s important to know his or her own financial background. For instance, if you invested with Scott Aabel anytime since his early days in the securities industry with Lutheran Brotherhood Securities Corp. in 1991,…

The Florida broker has been charged with numerous violations over the past three years The Financial Industry Regulatory Authority (FINRA) recently suspended broker Paul McLellan Alexander, Jr. after finding that he made transactions while exercising discretion, though he didn’t have written authorization from his clients. His firm reportedly hadn’t accepted…

The Zanesville, Ohio-based broker is accused of making unauthorized payments to clients and has been discharged from his member firm In May 2016, Stifel, Nicolaus & Company, Inc. discharged broker Jay Gruenebaum from its employ alleging that he made unauthorized payments to customers. As a result of his termination, the…

The Boca Raton broker allegedly exercised discretionary power without the consent of a customer or his member firm In August 2016, the Financial Industry Regulatory Authority (FINRA) took action against Boca Raton-based broker Steven Colacurcio. The Dawson James Securities broker was fined $5,000 and suspended for 15 business days by…

Prior to the regulatory action, Ameritas Investment discharged Silva for violating firm policy After seven years in the securities industry, Omaha, Nebraska broker Nathan Silva has been permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public. The Financial Regulatory Authority (FINRA)…

A former client is seeking more than $2 million in damages In July of 2016, a customer dispute alerted the Financial Industry Regulatory Authority (FINRA) to broker Michael Siegel. What first resulted in a suspension later became a permanent ban when he didn’t respond to the agency’s request for additional…