Securities Arbitration Lawyers Blog

Silver Law Group is investigating former Raymond James & Associates, Inc. (CRD# 705)  broker John Nelson Crook (CRD# 2715424) after a customer filed a FINRA arbitration alleging $4.8 million in damages. According to Crook’s FINRA BrokerCheck report, Crook’s customer filed a FINRA arbitration against Crook alleging churning/excessive trading and commissions;…

Silver Law Group is investigating Wesley Chapel, Florida-based Center Street Securities, Inc. (CRD# 26898) broker Satya Brata Shaw (CRD# 1229175) after the Florida Office of Financial Regulation opened an investigation into the broker.  Our firm is interested in speaking with you if you have worked with Shaw. In November 2016,…

The Revere Securities LLC broker’s 26-year securities career is over After 26 years in the securities industry, Noel Fleming has been permanently barred by the Financial Industry Regulatory Authority (FINRA) from acting as a broker or otherwise associating with firms that sell securities to the public. In December 2015, a…

The Boston-based broker has been permanently barred by FINRA According to the Financial Industry Regulatory Authority (FINRA), Boston-based broker Rushton Leigh Ardrey failed to respond to the agency’s request for information and has been permanently barred from acting as a broker or otherwise associating with firms that sell securities to…

According to FINRA Disciplinary actions for December 2016, 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   Maricela Alvarez…

According to FINRA Disciplinary actions for December 2016, 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   Keeland Douglas Howe   Wells Fargo Advisors, LLC   UBS Financial Services Inc.   Christopher…

According to FINRA Disciplinary actions for December 2016, 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: NAME FORMER EMPLOYERS   Troy Christopher…

A study funded by FINRA and AARP found that anger and excitement have an impact on decision-making A new Stanford University study funded by the Financial Industry Regulatory Authority’s (FINRA) Investor Education Foundation and AARP’s Fraud Watch Network states that financial fraudsters who evoke strong emotions in their victims can…

Silver Law Group is investigating Burnham Securities, Inc. (CRD# 22549) and related entities for allegations of its role as placement agent for fraudulent tribal bonds. In May 2016, the Securities and Exchange Commission (“SEC”) filed a complaint against a host of individuals, including notorious securities fraudsters Jason W. Galanis and…

On December 5, 2016, FINRA reported that it fined Credit Suisse Securities (USA) LLC (CRD# 816) $16.5 million for anti-money laundering (“AML”), supervision and other violations. According to the Acceptance, Waiver & Consent (“AWC”) entered into between Credit Suisse and FINRA, Credit Suisse neither admitted or denied the allegations but…