Securities Arbitration Lawyers Blog

New York broker Nathalo Menendez (CRD# 4882003), was permanently barred by FINRA and is no longer licensed to act as a broker, or otherwise associating with firms that sell securities to the public. Menendez is barred from association with any FINRA member in any capacity. According to FINRA, during the…

Regulatory action pending against president of Scottsdale Capital Advisors D. Michael Cruz, president of Scottsdale Capital Advisors, is involved in a pending regulatory action by FINRA after his alleged involvement in the sale of more than 74 million unregistered shares between three microcap stocks. Cruz has been registered with the…

The company’s Chief Compliance Officer and President may be implicated in the case Scottsdale Capital Advisors, an Arizona brokerage firm established in 2001, is pending disciplinary action by FINRA after allegations of inappropriate business conduct by a client, the firm’s compliance officer and the then-president of the firm. In May,…

Allegations include sales of millions of unregistered stock shares John Hurry, a broker investment adviser who has been in the securities industry for 20 years, is pending disciplinary review by FINRA following allegations of his involvement with the illicit sale of more than 74 million unregistered shares through Arizona-based firm…

Alleged damages are estimated to be at least $499,000 According to FINRA, in April 2015, Richard Gomez, currently registered with Avenir Financial Group, was named as a respondent to a complaint regarding a fraudulent foreign company called Praetorian whose shares he sold to investors, allegedly causing nearly $500,000 in financial…

A former broker with Syndicated Capital in Great Neck, New York, Martin Knapp, was permanently barred by FINRA. This action occurred because Knapp failed to respond to a FINRA request for information in which he was suspended in April 2015. Because Knapp did not request termination of his suspension within…

Appealed suspension, but did not cooperate with FINRA investigation According to the FINRA website, Dalyne L. Shinneman has been barred from the securities industries following a career riddled with disclosures and disputes. A broker since 1989, Shinneman was most recently employed by Ridgeway & Conger, Inc., before facing suspension in…

King allegedly concealed loans from the firm, among other violations Fort Lauderdale-based broker Sylvester King, Jr. found himself in hot water with FINRA in April 2015, according to the BrokerCheck website. So much so that he resigned from his most recent employer, Wells Fargo Advisors, LLC the same day he…

Miami, Florida based broker Scott Reynolds was fined by FINRA for allegedly failing to report an outside brokerage account to his member firm, Spartan Securities, violating FINRA rules. Reynolds was censured fined $10,000 for this violation. Reynolds has been employed by Spartan Securities since 2005. Prior to working at Spartan,…

Customer disputes led to his discharge from last employer According to the FINRA BrokerCheck website, Scott Frederick Matthews, a financial adviser for 22 years, led a relatively quiet career before a string of several customer disputes in the past two years. Prior to June 2013, Matthews had been involved in…