Securities Arbitration Lawyers Blog

Silver Law Group is investigating former National Securities Corporation (CRD# 7569) broker Bingyu Hu (CRD# 5573954) after FINRA permanently barred him and for excessive trading allegations. According to Hu’s FINRA BrokerCheck report, FINRA permanently barred Hu from acting as a broker or otherwise associating with firms that sell securities in…

Silver Law Group is investigating former Miami, Florida-based J.P. Morgan Securities LLC (CRD# 79) broker Yohandy Gonzalez (CRD# 6298112) after J.P. Morgan discharged him and a FINRA suspension. According to Gonzalez’s FINRA BrokerCheck report, J.P. Morgan discharged Gonzalez on March 9, 2016.  According to the FINRA BrokerCheck report, Gonzalez, in…

Silver Law Group is investigating former Morgan Stanley (CRD# 149777) broker Myrna M. Perez (CRD# 4389021) after a FINRA permanent bar. According to Perez’s FINRA BrokerCheck report, FINRA permanently barred Perez from acting as a broker or otherwise associating with firms that sell securities in June 2016 after she failed to…

Silver Law Group is investigation former Sagepoint Financial, Inc. (CRD# 133763) broker James L. Carpenter (CRD# 2199138) after FINRA barred the broker and because of variable annuity misconduct allegations. According to Carpenter’s FINRA BrokerCheck report, Carpenter was permanently barred from acting as a broker or otherwise associating with firms that…

Silver Law Group is investigation former Meyers Associates, L.P. (CRD# 34171) broker Michael S. Lavolpe (CRD# 5054798) over numerous FINRA arbitrations alleging unsuitable recommendations as well as a FINRA-led regulatory action. According to Lavolpe’s FINRA BrokerCheck report, Lavolpe has been alleged to be involved in a little broker misconduct.  Spanning…

The Financial Industry Regulatory Authority (“FINRA”) has filed a case against Richard William Lunn Martin (“Martin”) (CRD# 723309) for allegedly recommending clients invest in unsuitable non-traditional exchange traded funds (“non-traditional ETFs”). Martin has been employed by G.F. Investment Services, LLC (CRD# 132939) from April 2014 to July 2015 and between…

Silver Law Group is investigating former Sagepoint Financial, Inc. (CRD# 133763) broker Gary E. Donovan (CRD# 866235) after FINRA permanently barred Donovan for placing limit buy orders for an illiquid OTC security MIXX. In May 2016, FINRA permanently barred Donovan after he placed 180 buy orders for Mix 1 Life,…

Silver Law Group is investigating recently-FINRA-barred former Janney Montgomery Scott LLC (CRD# 463) broker David A. Seigerman (CRD# 2200011). FINRA permanently barred Seigerman after he failed to respond to a FINRA request for information.  The FINRA bar follows a suspension the regulatory body levied on Seigerman in April 2016 for…

Silver Law Group has filed a claim against Citigroup Global Markets Inc. (CRD# 7059) broker Charlie Yeung (CRD# 2785343) for unsuitably recommending and overconcentrating our client in Alpha Natural Resources. Our client doesn’t speak English and felt comfortable with Yeung because he could speak her native language.  Yeung proceeded to…

According to published reports that have been confirmed by a member of the Board of Governors of the Financial Industry Regulatory Authority (FINRA), FINRA is undertaking closed-doors discussions focused on establishing a relief fund that would be used to pay otherwise unpaid FINRA arbitration awards.  Such a fund would endeavor…