Securities Arbitration Lawyers Blog

According to FINRA Disciplinary actions for February 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   Steven Angelo…

According to FINRA Disciplinary actions for February 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   Joe L.…

If you invested funds with Bernard Parker at Edward Jones, you need to keep reading. Most recently registered with Edward Jones in Indiana, PA, Bernard Parker is now permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public. According to his FINRA…

Montana financial advisor barred from securities activity for multiple FINRA violations In a ruling that came in August 2015, the Financial Industry Regulatory Authority (FINRA) permanently barred Barry G. Hartman, formerly of FSC Securities Corporation in Missoula, MT, for allegedly engaging in a practice known in the industry as selling…

Former Dynasty Capital Partners broker ends 15-year career with numerous customer disputes. After 17 years as a financial adviser, Raymond T. Clark has been permanently barred from the securities industry. This permanent bar follows Clark’s failure to pay fines and/or costs associated with a FINRA complaint. The complaint also alleges…

Financial advisor Patrick Garrett barred from having any activity with FINRA regulated firms The Financial Industry Regulatory Authority (FINRA) has taken steps to bar Patrick Garrett of Nashville, TN from any further activities with the securities industry after multiple, serious allegations of intentionally overstating client account values, which masked significant…

Allegations of unauthorized trading and client abandonment tarnish 34-year career. In June 2015, investment firm D.A. Davidson & Company formally discharged broker Richard G. Drown, Jr. after the broker allegedly “disappeared,” abandoning both his duties and his clients. According to Drown’s FINRA BrokerCheck report, the firm filed an Employment Separation…

Silver Law Group is investigating claims related to Paul Vincent Blum (CRD # 735003), a West Palm Beach, Florida, broker who was registered with RBC Capital Markets, LLC, from October 2008 until his termination in October 2015. RBC terminated Blum’s registration with the firm, putting his reason for discharge as…

After 7 complaints and millions in settlements, Doyle is suspended by FINRA According to a FINRA BrokerCheck report, Michael Doyle has received complaints from seven clients and was suspended for failing to comply with an arbitration award and to respond to the FINRA’s request to provide information concerning the status…

Connecticut broker agrees to one-month suspension and $7500 fine. Leon Vaccarelli, a stockbroker registered with the Investment Center, was recently suspended from participating in the securities industry for one month and paid a $7500 fine to regulatory agency FINRA. According to the report, registered representatives are prohibited from exercising discretion…