Securities Arbitration Lawyers Blog

Mark Foster, of Pasadena, California, was barred from association with any FINRA member in any capacity. Foster worked for Stern Fisher Edwards, Inc. until May 2012.  The sanction was based on findings that Foster failed to respond to requests from FINRA for information and documents and to appear and provide…

Ismail Elmas, of Virginia, submitted an AWC in which he was barred from association with any FINRA member in any capacity. Elmas was registered with CUNA Brokerage Services, Inc. from 2007 through 2013.  He subsequently worked for CUSO Financial Services, L.P. until August 2014.  Without admitting or denying the findings,…

SunTrust Investment Services, Inc. submitted an AWC in which the firm was censured and fined $80,000. SunTrust consented to the sanctions, without admitting liability, and to the entry of findings that it failed to establish a supervisory system reasonably designed to monitor the proper assessment of fees charged to certain…

Phillip John Bucaro submitted a FINRA AWC in which he was fined $7,500 and suspended from association with any FINRA member in any capacity for four months. Bucaro has been registered with The Leaders Group, Inc. since August 2012.  Without admitting or denying the findings, Bucaro consented to the FINRA…

Thomas Neil Charbonneau, of Minnesota, submitted a FINRA AWC in which he was barred from association with any FINRA member in any capacity.  Charbonneau was registered with Feltl and Company from March 2005 through October 2010.  Charbonneau then joined Berthel Fisher & Company.  Without admitting or denying the findings, Charbonneau…

David Lawrence Gabai, of West Hills, California, submitted a FINRA AWC in which he was barred from association with any FINRA member in any capacity.  Gabai was registered with LPL Financial Corporation until 2010.  Mr. Gabai then briefly worked for Comerica Securities.  Gabai consented to the sanction and to the…

Jan Ernest Helen, of Denver, Colorado, submitted an AWC in which he was barred from association with any FINRA member in any capacity. Helen was registered with Janco Partners, Inc. from 1996 through September 2014.  Without admitting or denying the findings, Helen consented to the sanction and to the entry…

Clark Smith Gardner, of Orem, Utah, submitted an AWC in which he was barred from association with any FINRA member in any capacity. Gardner was registered with Cetera Advisors, LLC until May, 2014.  Without admitting or denying the findings, Gardner consented to the sanction and to the entry of findings…

Herbert Leonard Kaye, of Delray Beach, Florida, submitted an AWC in which he was assessed a deferred fine of $25,000, which includes disgorgement of $11,000 of commissions received, and suspended from association with any FINRA member in any capacity for four months. Kaye was registered with First Allied Securities in…

James Edward Rooney Jr., of Carrollton, Texas, was fined by FINRA a total of $75,000, suspended from association with any FINRA member in any capacity for a total of two years and was suspended in any supervisory capacity for 18 months.  FINRA alleges that Rooney engaged in private securities transactions…