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Articles Posted in FINRA Disciplinary Actions

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Michael Carter (Michael Barry Carter) (CRD: #3232017) is a former registered broker and investment advisor whose last employer was Morgan Stanley (CRD#: 149777) of McLean, VA.  His previous employers include Ameriprise Financial Services, Inc. (CRD#:6363), Morgan Stanley & Co. Incorporated (CRD#:8209) and Merrill Lynch, Pierce, Fenner & Smith Incorporated (CRD#:7691), also of McLean, VA. He has been in the industry since 1999. Carter’s record has five disclosures, three of which are customer disputes with settlements totaling $5,199,232.26Michael Carter (Michael Barry Carter) (CRD: #3232017) is a former registered broker and investment advisor whose last employer was Morgan Stanley (CRD#: 149777) of McLean, VA. His previous employers include Ameriprise Financial Services, Inc. (CRD#:6363), Morgan Stanley & Co. Incorporated (CRD#:8209) and Merrill Lynch, Pierce, Fenner & Smith Incorporated (CRD#:7691), also of McLean, VA. He has been in the industry since 1999.

Carter’s record has five disclosures, three of which are customer disputes with settlements totaling $5,199,232.26: Continue reading

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Stephen Carver (a/k/a Stephen Corley Carver) (CRD# 2230161) of Peoria, Illinois, who was last registered with Lifemark Securities Corp., faces a pending customer dispute alleging elder abuse and seeking $9,300,000 in damages. Prior to his time at Lifemark Securities in Peoria Illinois, Carver was registered with Cetera Advisors LLC, Brewer Financial Services, LLC (a firm that has since been expelled), LPL Financial Corporation, Robert W. Baird & Co., Natcity Investments, Inc., and Dean Witter Reynolds Inc.Stephen Carver (a/k/a Stephen Corley Carver) (CRD# 2230161) of Peoria, Illinois, who was last registered with Lifemark Securities Corp., faces a pending customer dispute alleging elder abuse and seeking $9,300,000 in damages.

Prior to his time at Lifemark Securities in Peoria Illinois, Carver was registered with Cetera Advisors LLC, Brewer Financial Services, LLC (a firm that has since been expelled), LPL Financial Corporation, Robert W. Baird & Co., Natcity Investments, Inc., and Dean Witter Reynolds Inc. Continue reading

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In July 2019, the Financial Industry Regulatory Authority (FINRA), suspended Linda Zara (a/k/a Linda Zaramontoya) (CRD# 2322009) of Summit Brokerage Services, Inc. in Boca Raton for “borrow[ing] $44,292 from a 94 year old member firm customer without providing prior notice to, or obtaining prior written approval from her firm.” The conduct occurred while Zara was employed by Wells Fargo Clearing Services, LLC.In July 2019, the Financial Industry Regulatory Authority (FINRA), suspended Linda Zara (a/k/a Linda Zaramontoya) (CRD# 2322009) of Summit Brokerage Services, Inc. in Boca Raton for “borrow[ing] $44,292 from a 94 year old member firm customer without providing prior notice to, or obtaining prior written approval from her firm.” The conduct occurred while Zara was employed by Wells Fargo Clearing Services, LLC. Continue reading

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Ken Kavanagh (CRD#: 4502223) is a suspended broker who formerly worked for Morgan Stanley (CRD#: 149777) in New York City, Citigroup Global Markets (CRD#: 7059), and UBS Financial Services (CRD#: 8174). Ken Kavanaugh’s publicly-available FINRA BrokerCheck report lists 3 disclosures, including 1 customer dispute, 1 employment separation after allegations, and 1 regulatory action.Ken Kavanagh (CRD#: 4502223) is a suspended broker who formerly worked for Morgan Stanley (CRD#: 149777) in New York City, Citigroup Global Markets (CRD#: 7059), and UBS Financial Services (CRD#: 8174).

Ken Kavanaugh’s publicly-available FINRA BrokerCheck report lists 3 disclosures, including 1 customer dispute, 1 employment separation after allegations, and 1 regulatory action. Continue reading

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Bobby Coburn (CRD# 1464789) is a barred broker who formerly worked for Securities America, Inc. (CRD# 10205) in Fort Meade, FL. He previously worked for Brecek & Young Advisors (CRD# 40395), Legend Equities Corporation (CRD# 30999), Nationwide Securities (CRD# 11173), and others.Bobby Coburn (CRD# 1464789) is a barred broker who formerly worked for Securities America, Inc. (CRD# 10205) in Fort Meade, FL. He previously worked for Brecek & Young Advisors (CRD# 40395), Legend Equities Corporation (CRD# 30999), Nationwide Securities (CRD# 11173), and others.

Silver Law Group represents investors in arbitration claims against Securities America, which is a subsidiary of Ladenburg Thalmann. Continue reading

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Nicolas Barrios (CRD#: 2122824) is a currently-barred broker who formerly worked for UBS Financial Services (CRD#: 8174) in Winter Haven, Florida, Wachovia Securities (CRD#: 19616), First Union Brokerage Services (CRD#: 8112), and Merrill Lynch, Pierce, Fenner & Smith (CRD#: 7691).Nicolas Barrios (CRD#: 2122824) is a currently-barred broker who formerly worked for UBS Financial Services (CRD#: 8174) in Winter Haven, Florida, Wachovia Securities (CRD#: 19616), First Union Brokerage Services (CRD#: 8112), and Merrill Lynch, Pierce, Fenner & Smith (CRD#: 7691).

Silver Law Group represents investors in arbitration claims against UBS Financial Services. Our Florida investment fraud attorneys can represent you on a contingency fee basis. Continue reading

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According to FINRA Disciplinary actions for December 2019, 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
  Amparo, Nelson   Citizens Securities, Inc
  Santander Securities LLC
  Bethan, Frank   Quest Capital Strategies, Inc
  Wells Fargo Clearing Services, LLC
  Brown, Andrew   Worden Capital Management LLC
  Aegis Capital Corp
  Gonzalez, Frankie   Morgan Stanley
  Wells Fargo Advisors, LLC
  Horner, Marc   Triad Advisors LLC
  UBS Financial Services Inc
  Smith, John   Legend Securities, Inc
  NYLife Securities LLC
  Smith, Joseph III   Morgan Stanley
  Wells Fargo Advisors, LLC
  Williams, Jacob   U.S. Bancorp Investments, Inc
  Edward Jones

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According to FINRA Disciplinary actions for December 2019, 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
  Bartley, Jevon   Merrill Lynch, Pierce, Fenner & Smith Inc
  Bank of America
  Cross, Anita
  Gasser, Robert   Barclays Capital Inc
  ITG Derivatives LLC
  Gonzales, Edward   Edward Jones
  Horton, David   Ameriprise Financial Services, Inc
  IDS Life Insurance Company
  Mazza, Vincent   National Securities Corporation
  Kovak Securities Inc.
  Muraya, Benson
  Murrain, Merle II
  Roegiers, Anthony   Pruco Securities
  AXA Advisors, LLC
  Sperring, Donald Jr.   AXA Advisors, LLC
  The Equitable Life Assurance Society of the US
  Su, Zachary   J.P. Morgan Securities LLC
  World Financial Group
  Williams, Minjoe   Wells Fargo Clearing Services, LLC
  National Securities Corporation
  Wright, Tiana   Northwestern Mutual Investment Services LLC

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According to FINRA Disciplinary actions for December 2019, 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
  DiLiberto, Jesse   Fidelity Brokerage Services LLC
  Wilmington Capital Securities, LLC
  Fry, Stephen   Woodbury GFinancial Services, Inc.
  H.D. Investment Services
  Gonzalez, Sofia   Merrill Lynch, Pierce, Fenner & Smith Inc
  Bank of America
  Johnson, Timothy Jr.   MML Investors, LLC
  Suntrust Investment Services, Inc
  Karney, Amogh
  McGuire, Jesse   J.P. Morgan Securities LLC
  Chase Investment Services Corp
  Mostert, John   Quest Capital Strategies, Inc.
  Intersecurities, Inc
  Murray, Robert   SW Financial
  Joseph Stone Capital LLC
  Stokes, Dain   LPL Financial LLC
  Edward Jones

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According to FINRA Disciplinary actions for November 2019, 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
  Ajayi, Emmanuel   JP Morgan Securites LLC
  HSBC Securities (USA) Inc
  Arts, Christopher   Scarsdale Equities LLC
  Leeb Brokerage Services
  Bennett, Jamie   Silber Bennett Financial Inc
  Silver Portal Capital LLC
  Bishop, Tywan   Charles Schwab & Co
  E  Trade Securities
  Borja, Mauricio   Allstate Financial Services
  Botner, Ryan   MML Invrstors Services, LLC
  Northwestern Mutual Investment Services
  Encino, Stephen   NY Life Securities
  Freeman, Michael   Spartan Capital Securities
  Legend Securities
  Fries, Scott   Transamerica Financial Advisors, Inc
  NYLife Securities
  Mannera, Samuel   Wells Fargo Clearing Serivces
  Merrill Lynch, Pierce, Fenner and Smith Inc
 Navarre, Michael   Farmers Financial Solutions, LLC
  NY Life Securities LLC
  Oplinger, Todd   IFS Securities
  Ridgeway & Conger
  Persaud, Karishma (Susy)
  Rangel, Jesse   TD Ameritrade
  Morgan Stanley
  Ricker, Gregory   Westpark Capital, Inc
  National Securities Corp
  Thrush, Steven   Summitt Brokerage Services, Inc
  Cambridge Investment Research, Inc
  Washington, Robert

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