Securities Arbitration Lawyers Blog

FINRA made a request to meet but Andrew Abern was a no show. The Financial Industry Regulatory Authority (FINRA) took decisive action in 10/15 against former Dalton Strategic Investment Services broker, Andrew Abern, for failing to cooperate with their investigation. Specifically, Abern did not appear at a scheduled FINRA on-the-record…

Allegations include conversion and elder financial fraud among numerous other unethical acts FINRA has taken strong action against investment broker Richard McGuire, a long-time broker who was most recently registered with Newport Coast Securities Inc. and Financial West Group, both located in New York. McGuire has been permanently barred from…

Theft of client funds exceeds $1 million in elaborate Ponzi scheme spanning a 20-year career in the securities industry According to FINRA records, Frederick Monroe, an investment broker based in Albany, NY, has been permanently suspended as a broker and was arrested in June 2015 after being charged with theft…

Michael Highfill has been permanently barred from the securities industry A former Merrill Lynch broker, Michael Highfill was permanently barred from the securities industry in July of 2015 after 16 years in the industry. His most recent position was with Merrill Lynch in Ridgeland, Mississippi. Before Merrill Lynch, he was…

Long-time investment broker permanently suspended from any FINRA activity and ordered to pay restitution. Hugh Monroe Dyson, Jr. was issued a final suspension in August, 2015 and ordered to pay $740,000 (plus interest) in restitution to clients that he solicited to invest in his business, Keypoint Oil, and misrepresented how…

Investment broker recently barred by FINRA after multiple complaints from clients Investment broker Matthew DiGregorio was suspended by the Federal Industry Regulatory Authority in August of 2015. Mr. DiGregorio has had multiple complaints filed against him by prior clients for the following breaches of conduct: Taking excessive risk with client investments…

As of August 2015, Broad is permanently barred from the securities industry by FINRA According to his FINRA BrokerCheck report, Bennett Broad, who worked in the financial industry for more than 30 years, has amassed a 15-year history of allegations against him from clients. The complaints, which total 28, compelled…

Allegations include willful violation of the Securities Exchange Act of 1934, among others Marat Zeltser has a long history in the financial services industry, including working as a broker for various firms in New York, New York since 2003. While employed by Caldwell International Securities Corporation, allegations against Zeltser included…

Numerous customer complaints surface over the course of his work history with various firms On August 4, 2015, Honetta C. Kao was suspended by the FINRA for failure to respond to their request for information. And in November, he was permanently barred from acting as a broker or otherwise associating…

Excessive trading leads to $57K in commissions and $37K in losses for investors, among other allegations In August of 2015, FINRA permanently banned New York financial advisor Rasheed “Richard” Adams from associating or engaging with any firm associated with FINRA after allegations of excessive trading were filed. Adams also failed…