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Articles Posted in FINRA Disciplinary Actions

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Matthew Muratori (Matthew Vincent Muratori, CRD: #6255633, aka “Matthew Vincent Muraton”) is a former registered broker and investment advisor whose last employer was Pruco Securities, LLC. (CRD#:5685) of Tampa, FL. He was previously employed with Foresters Financial Services, Inc. (CRD#:305), also of Tampa. He has been in the industry since 2017. FINRA began an investigation into Muratori’s possible involvement with conversion of a senior customer’s funds, and sent a letter to him on 5/29/2020 requesting on-the-record testimony. This testimony was scheduled for June 4, 2020. Additionally, FINRA sent another notice on June 1, 2020, requesting documents and information related to the case. Muratori stated during a phone call with FINRA staff on June 3, 2020, that he would not appear for on-the-record testimony nor supply the requested documents at any time. As a result of his decision not to respond to FINRA’s requests, FINRA barred Muratori indefinitely from any association with any member firm. Muratori signed a letter of Acceptance, Waiver and Consent (AWC), and the letter became binding on 6/8/2020. Theft by conversion of funds occurs when a financial advisor converts the lawfully obtained money, property or funds of another into funds for that financial advisor’s own use without permission. In the broker/investor relationship, conversion occurs when a broker uses his/her client’s funds or investments for the broker’s own personal use or in any other unauthorized manner. Conversion is a form of embezzlement that can result in legal action against the broker for misconduct. Brokerage firms are liable for conversion cases for failure to supervise the broker’s conduct and the customer's account. A broker’s conversion of funds may result in civil liability and additional monetary damages. Matthew Muratori (Matthew Vincent Muratori, CRD: #6255633, aka “Matthew Vincent Muraton”) is a former registered broker and investment advisor whose last employer was Pruco Securities, LLC. (CRD#:5685) of Tampa, FL. He was previously employed with Foresters Financial Services, Inc. (CRD#:305), also of Tampa. He has been in the industry since 2017. Continue reading ›

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Omar Hammad-Randolph (Omar Waleed Hammad-Randolph CRD# 6087721) is a previously registered broker who last worked for Merrill Lynch, Pierce, Fenner & Smith Incorporated (CRD# 7691) in their Boca Raton, Florida office. FINRA suspended Omar Hammad-Randolph for borrowing $150,000 from a customer without disclosing the loan or obtaining approval from the firm. Omar Hammad-Randolph Disclosures Omar Hammad-Randolph has been in the securities industry since 2012 and has 4 disclosures on his publicly-available FINRA BrokerCheck report: August, 2020: A regulatory disclosure initiated by FINRA states “Without admitting or denying the findings, Hammad-Randolph consented to the sanctions and to the entry of findings that he borrowed $150,000 from a customer at his member firm without disclosing the loan to, and obtaining approval from, the firm. The findings stated that Hammad-Randolph purchased a house for investment which he partially financed through the loan that he obtained from the customer. The findings also stated that Hammad-Randolph engaged in outside business activities without disclosing them in writing to, and obtaining approvals from, the firm for the expanded scope of his and his trust's business activities…” Omar Hammad-Randolph was fined $10,000 and suspended in all capacities for five months.Omar Hammad-Randolph (Omar Waleed Hammad-Randolph CRD# 6087721) is a previously registered broker who last worked for Merrill Lynch, Pierce, Fenner & Smith Incorporated (CRD# 7691) in their Boca Raton, Florida office. FINRA suspended Omar Hammad-Randolph for borrowing $150,000 from a customer without disclosing the loan or obtaining approval from the firm. Continue reading ›

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According to FINRA Disciplinary actions for September 2020, 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
  Madeline Colon
  Blair Olsen   Lincoln Investment
  Legend Equities Corporation
  Jennifer Pendley   J.P. Morgan Securities LLC
  Scott Snelling   Kestra Investment Services, LLC
  National Planning Corporation

Continue reading ›

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According to FINRA Disciplinary actions for September 2020, 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
  William Baris   Network 1 Financial Securities Inc.
  Joseph Stone Capital LLC
  Todd Paynter   Cambridge Investment Research, Inc.
  Ameriprise Financial Services, Inc.
  Nelson Polun   Wells Fargo Clearing Services, LLC
  Merrill Lynch, Pierce, Fenner & Smith Inc
  Adam Schachter   LPL Financial LLC
  Wells Fargo Clearing Services, LLC
  Paul Steffany   Moors & Cabot, Inc.
  Raymond James & Associates, Inc.
  Peter Walsworth   Morgan Stanley
  Merrill Lynch, Pierce, Fenner & Smith Inc

Continue reading ›

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According to FINRA Disciplinary actions for September 2020, 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. However, these individuals remain bound by the securities arbitration agreement to arbitrate any disputes between themselves and their former customers:

NAME FORMER EMPLOYERS
  William Ellis   Charles Schwab & Co., Inc.
  Fidelity Brokerage Services LLC
  John Evans   Wells Fargo Clearing Services, LLC
  Foreside Fund Services, LLC
  Dia Howell   U.S. Bancorp Investments, Inc.
  May Kim   Pruco Securities, LLC
  Evan Nadelman   Aegis Capital Corp.
  Ninety Holdings Group LLC
  Blair Olsen   Lincoln Investment
  Legend Equities Corporation
  Gyasi Richard   Wells Fargo Clearing Services LLC
  Philip Scherello   Traderfield Securities Inc.
  Velocity Capital, LLC

Continue reading ›

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Bryant Caveness (Bryant Edwin Caveness CRD: #4033740) is a former registered broker and investment advisor whose last employer was Ameriprise Financial Services, LLC (CRD#:6363) of Kingsport, TN. His previous employers include Ameriprise Advisor Services, Inc. (CRD#:5979), also of Kingsport, and Morgan Stanley DW Inc. (CRD#:7556) of Purchase, NY. He has been in the industry since 1999. Ameriprise Financial discharged Caveness on 6/26/2020, indicating that, “the registered representative was terminated for company policy violations related to personal trade, ethics, and solicitation of exchange traded products.” FINRA began its investigation that included allegations of “potential receipt of checks from senior customers.” Bryant Caveness initially cooperated with the investigation, but changed his mind in July of 2020. In an email from his legal counsel on July 9, 2020, to FINRA staff, Caveness indicated that he had received FINRA’s request for documentation, but would not be supplying the requested information or documentation at any time.Bryant Caveness (Bryant Edwin Caveness CRD: #4033740) is a former registered broker and investment advisor whose last employer was Ameriprise Financial Services, LLC (CRD#:6363) of Kingsport, TN. His previous employers include Ameriprise Advisor Services, Inc. (CRD#:5979), also of Kingsport, and Morgan Stanley DW Inc. (CRD#:7556) of Purchase, NY. He has been in the industry since 1999. Continue reading ›

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According to FINRA Disciplinary actions for October 2020, 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
  Conrad Coggeshall   Packerland Brokerage Services, Inc.
  USA Financial Securities Corporation
  Roderick Day   Cabot Lodge Securities LLC
  IFS Securities
  Marvin Egorin   Wedbush Securities Inc.
  Wells Fargo Clearing Services, LLC
  Frank Grant IV
  Andrew Slocum   Charles Schwab & Co., Inc.
  Merrill Lynch, Pierce, Fenner & Smith Inc
  Junior Tonkam   PFS Investments Inc.

Continue reading ›

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According to FINRA Disciplinary actions for October 2020, 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
  Jeffrey Allen   Wells Fargo Clearing Services, LLC
  Wells Fargo Advisors
  Christopher Canorro   TD Ameritrade, Inc.
  Scottrade, Inc.
  Terrence Diehl   LPL Financial LLC
  Private Advisor Group
  Alex Herrera   UBS Financial Services Inc.
  HSBC Securities (USA) Inc.
  Blake Kiernan   Four Points Capital Partners LLC
  First Midwest Securities, Inc.
  Deependra Logani   Morgan Stanley Smith Barney LLC
  Santander Securities LLC
  Anthony Mastroianni Jr.   Meyers Associates, L.P.
  Alexander Capital, L.P.
  Frank Mebane III   LPL Financial LLC
  Wells Fargo Clearing Services, LLC
  Denis O’Leary   Dinosaur Financial Group, LLC
  Morgan Stanley
  John Riccardi Jr.   Joseph Stone Capital LLC
  Windsor Street Capital, LP
  Scott Whittemore   Wells Fargo Clearing Services, LLC
  Morgan Stanley

Continue reading ›

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According to FINRA Disciplinary actions for October 2020, 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. However, these individuals remain bound by the securities arbitration agreement to arbitrate any disputes between themselves and their former customers:

NAME FORMER EMPLOYERS
  Michael Albarella   HSBC Securities (USA) Inc.
  People’s Securities, Inc.
  Curt Giacobbe   MML Investors Services, LLC
  Eagle Strategies LLC
  Dean Grosskreutz   Allstate Financial Services, LLC
  Morgan Keegan & Company, Inc.
  Naveed Mitha   SunTrust Robinson Humphrey, Inc.
  Jose Montero   J.P. Morgan Securities LLC
  Cleavon Tidball   T. Rowe Price Investment Services, Inc.
  Transamerica Investors Securities Corporation

Continue reading ›

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According to FINRA Disciplinary actions for August 2020, 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. However, these individuals remain bound by the securities arbitration agreement to arbitrate any disputes between themselves and their former customers:

NAME FORMER EMPLOYERS
  Ignacio Del Campo   Epic Capital Securities
  Insigneo Securities, LLC
  Marvin Egorin   Wedbush Securities Inc.
  Wells Fargo Clearing Services, LLC
  Frank Grant IV
  Stefano Listella   J.P. Morgan Securities LLC
  Great Point Capital LLC
  Jonathan Malone   Wells Fargo Clearing Services, LLC
  Brill Securities, Inc.
  Evan Nadelman   Aegis Capital Corp.
  Forefront Capital Markets LLC
  Jon Scheier   Edward Jones
  Andrew Slocum   Charles Schwab & Co. Inc.
  Merrill Lynch, Pierce, Fenner & Smith Incorporated
  Elizabeth Sollars   Allstate Financial Services, LLC
  Junior Tonkam   PFS Investments Inc.
  Ricardo Turlan   UBS Financial Services Inc.
  BBVA Securities Inc.

Continue reading ›

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