A National Securities Arbitration & Investment Fraud Law Firm
FINRA reported in a news release that it fined Merrill Lynch, Pierce, Fenner & Smith Inc. (CRD# 7691) $6.25 million and the firm will pay approximately $780,000 in restitution for inadequately supervising its customers’ use of leverage and overconcentrating some of its customers in Puerto Rican bonds. According to the…
FINRA fined Oppenheimer & Co. Inc. (CRD# 249) and ordered the firm to pay retribution in an amount totaling $3.4 million for failing to produce documents in discovery to customers who filed FINRA arbitrations and for not applying applicable sales charge waivers to customers. According to the news release, FINRA…
One allegation against the former Innovation Partners LLC broker involved using an elderly client’s funds for his own benefit Joseph Butler is no longer allowed to conduct business through any member of the Financial Industry Regulatory Authority (FINRA). The former broker was notified in October of 2016 that he has…
According to FINRA Disciplinary actions for November 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 Debbie Sue…
According to FINRA Disciplinary actions for November 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 Scott Patrick Alcus Morgan Stanley Smith Barney Citigroup Global Markets Inc. Richard…
According to FINRA Disciplinary actions for Nov 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 Juan C.…
Silver Law Group is investigating former Stifel, Nicolaus & Company, Incorporated (CRD# 793) broker Assan Faal (CRD# 5863258) after FINRA permanently barred him. According to Faal’s FINRA BrokerCheck report, FINRA permanently barred Faal from acting as a broker or otherwise associating with firms that sell securities in June 2016 after…
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…