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Articles Posted in FINRA Disciplinary Actions

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Alex Gerardo Herrera (CRD #3204779) is a former registered broker and investment representative whose last employer was UBS Financial Services Inc. (CRD #8174) of Coral Gables, FL. His previous employers include HSBC Securities (USA) INC. (CRD #19585), also of Coral Gables, Atlas One Financial Group, LLC (CRD #124057) of Miami, FL, and Citicorp Investment Services (CRD #23988) of Long Island City, NY. No current employment information is available. He has been in the industry since 1999.

Herrera is the subject of three disclosures, with the most recent filed on 8/08/2018, a FINRA disciplinary action and Acceptance, Waiver & Consent (AWC) form in relation to his employment with UBS Financial Services. The investigation was focused on his voluntary termination “while under review after advising management he had engaged in financial and real estate relationships with longstanding clients without prior approval.” FINRA requested information from Herrera in letters dated May 17, 2018 and June 6, 2018 in relation to the allegations.

Stephen-Grivas-Permanently-Barred-by-FINRA-300x210Through his legal counsel, Herrera indicated to FINRA that he declined to provide the requested information to them. On 7/23/2018, without admitting or denying the findings, Herrera signed the AWC letter, accepting sanctions. In the letter, FINRA indefinitely barred Herrera in all capacities.

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Douglas Leone (CRD #2453784) has been employed with Salomon Whitney Financial since March 2013.  Previous employment includes Newport Coast Securities, Inc. from October 2008 to March 2013 and Basic Investors Inc. from August 2005 to October 2008.

Leon-Vaccarelli-Fined-and-Sanctioned-by-FINRA-300x199-1-300x199Leone was barred from association with any FINRA member in all capacities. The sanctions were based on findings that Leone failed to attend an on-the-record interview during an investigation by FINRA.  The findings stated that FINRA opened an investigation into Leone’s potential unsuitable recommendations and excessive trading in customer accounts.  FINRA twice requested that Leone appear at an on-the-record interview to provide testimony.

The decision became final May 21, 2018.

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John Galinsky (CRD #1513926) has been employed with First Dominion Capital since November 2017. Previous employment includes National Securities Corporation from January 2012 to November 2017, Fintegra LLC from January 2010 to December 2011 and Advanced Equities from November 1999 to October 2009.

Leon-Vaccarelli-Fined-and-Sanctioned-by-FINRA-300x199-1-300x199Galinsky was fined $7,500 and suspended from association with any FINRA member in all capacities for 10 business days. Without admitting or denying the findings, Galinsky consented to the sanctions and to the entry of findings that he sent emails to prospective and current investors that were not fair and balanced and did not provide a sound basis for evaluating the facts regarding a company involved in a private securities offering or the offering itself. The findings stated that on two occasions, Galinsky forwarded an email to a customer, which removed references to a patent infringement lawsuit that had recently been filed against the company involved in the offering. By doing so, Galinsky caused his email to be misleading, in that it appeared to forward the entire email that he had received when, in fact, it did not.

The suspension was in effect from May 21, 2018, through June 4, 2018.

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Denise DeBlasio (CRD #1051236) has been employed with National Securities Corp since December 2014.  Previous employment includes J.P. Turner & Company, LLC from November 2008 to December 2014 and First Montauk Securities Corp. from February 1990 to November 2008.

Leon-Vaccarelli-Fined-and-Sanctioned-by-FINRA-300x199-1-300x199DeBlasio was assessed a deferred fine of $10,000 and suspended from association any FINRA member in all capacities for four months. Without admitting or denying the findings, DeBlasio consented to the sanctions and to the entry of findings that she did not disclose to her member firm her fiduciary appointments for its customer, which occurred prior to her association with the firm, and provided inaccurate and misleading answers in response to inquiries from the firm regarding these appointments. The findings stated that DeBlasio was appointed as the power of attorney, health care representative, executor and beneficiary for the customer and she was the registered representative assigned to the customer’s account. The firm’s WSPs prohibited its registered representatives from acting in a fiduciary capacity for any customer, other than a relative, and explained that acting in a fiduciary capacity for a customer other than an immediate family member, such as a parent, spouse or child, may create insurmountable conflicts of interest. Prior to associating with the firm, DeBlasio completed an application for association. Although the application for association required DeBlasio to identify, among other things, whether she was named as trustee or executor for any account on which she would be the registered representative of record, she did not disclose the appointments.

The suspension was in effect from May 7, 2018, through September 6, 2018.

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According to FINRA Disciplinary actions for December 2018, 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

  Barrick, Tabor   FBL Marketing Services, LLC
  Allstate Financial Services, LLC
  Conklin, Jeffrey   The Huntington Investment Company
  American General
  Cottone, Anthony   Landolt Securities, Inc
  Financial West Group
  Crocker, Sierra   Voya Financial Partners, LLC
  Suntrust Bank
  Fidelman, Peter   Bradley Woods & Co LTD
  Griffin Securities, Inc
  Gaston, Frantz   State Farm VP Management Corp
  Frantz Gaston Jr Insurance Agency
  Guillory, Michael   Financial West Group
  The Shemano Group
  Harris, Donna   Vanguard Marketing Corp
  Hartigan, John   Entrustpermal Securities LLC
  Calyon Financial Inc
  Henty, Omar   Cetera Advisors LLC
  JP Morgan Securities
  King, Erin   Wells Fargo Clearing Services
  Lossing, Christopher   LPL Financial LLC
  Edward Jones
  McNeil, Randolph   Buckman, Buckman & Reid, Inc
  Garden State Securities, Inc
  Manichino, Richard   Next Financial Group, Inc
  Wunderlich Securities, Inc
  Nicholl, Timothy
  Olson, Eric   NYLIFE Securities LLC
  Wells Fargo
  Perez, Paul   Investacorp, Inc
  Fintegra, LLC
  Simon, Justin   NYLIfe Securities LLC
  Country Capital Mgmt Company
  Strawn, Brandon
  Sullivan, Daniel   Wunderlich Securities, Inc
  Chapdelaine & Co
  Tinsley, Sean   Park Avenue Securities LLC
  AXA Advisors, LLC
  Vallencourt, Peter   Fidelity Brokerage Services LLC
  Wilson, Vance   Wells Fargo Clearing Services, LLC
  Fidelity Brokerage Services LLC
  Witt, Robert   Voya Financial Advisors, Inc
  ING Financial Partners, Inc
  Wood, Daniel   LPL Financial LLC
  Morgan Stanley Smith Barney
  Wright, Bryan   Pruco Securities, LLC
  The Prudential Insurance Company of America

Silver Law Group represents investors in securities and investment fraud cases through FINRA arbitration or court.  Our lawyers are admitted to practice in New York and Florida and represent investors nationwide in securities arbitration to help recover investment losses due to stockbroker misconduct.  If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

 

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According to FINRA Disciplinary actions for December 2018, 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

  Adamo, Gregory   Allstate Financial Services, LLC
  National Securities Corp
  Drill, John   Northwestern Mutual Investment Services, LLC
  Robert Baird  & Co. Inc
  Flores, Daniel   Woodbury Financial Services, Inc
  Princor Financial Services Corp
  Giraldo, Jose   Merrill Lynch, Pierce, Fenner & Smith Inc
  David Lerner Assoc, Inc
  Heitz, Donald   LPL Financial LLC
  First Command Financial Planning, Inc
  Jenkins, Elisabeth   LPL Financial LLC
  ESL Investment Services, LLC
  Krize, Joshua   Wells Fargo Clearing Services, LLC
  Country Capital Management Co
  Lanaia, Francine   Windsor Street Capital, LP
  Alexander Capital, LP
  Moore, Daniel
  Palmer, David   LPL Financial LLC
  Woodbury Financial Services, Inc
  Pheth, Somning   Wells Fargo Clearing Services
  Sachse, Mark   Ameriprise Financial Services, Inc
  Robert W. Baird & Co, Inc
  Schreiner, Phillip   Morgan Stanley
  Merrill Lynch, Pierce, Fenner & Smith, Inc
  Sterr, Margaret   M Holdings Securities, Inc
  Catalyst Solutions Group
  Suhar, Charles   The Huntington Investment Company
  LPL Financial LLC
  Swords, Zachary   Farmers Financial Solutions, LLC
  Valenzuela, Francisco   Morgan Stanley
  Merrill Lynch, Pierce, Fenner & Smith, Inc

FINRA makes this information available, in part, to inform investors about potential red flags or problems with certain stockbrokers.  If you invested with anyone in this report and have questions about your legal rights, our attorneys will talk with you at no cost to explain your legal rights and about how we can help recover your investment losses through securities arbitration or litigation.

Silver Law Group represents investors in securities and investment fraud cases through FINRA arbitration or court.  Our lawyers are admitted to practice in New York and Florida and represent investors nationwide in securities arbitration to help recover investment losses due to stockbroker misconduct.  If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

 

 

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According to FINRA Disciplinary actions for December 2018, 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

   Albin, William   Waddell & Reed
  Metlife Securities Inc
  Allen, David   Avenir Financial Group
  Gunnallen Financial, Inc
  Boupon, Kean   Morgan Stanley
  Merrill Lynch, Pierce, Fenner & Smith Inc
  Chang, Jonathan   Morgan Stanley
  Merrill Lynch, Pierce, Fenner & Smith Inc
  Clements, Michael   Intercoastal Capital Markets, Inc
  Avenir Financial Group
  Johnson, Jeffrey   Morgan Stanely
  Raymond James & Associates
  Fagenson, David   UBS Financial Services Inc
  Merrill Lynch, Pierce, Fenner & Smith Inc
  Kelly, James   Morgan Stanley
  Merrill Lynch, Pierce, Fenner & Smith Inc
  Martino, Andrew   Morgan Stanley
  Merrill Lynch, Pierce, Fenner & Smith Inc
  Miller, Frederick   Investshares
  Ameriprise Financial Services, Inc
 Rodriquez, Cesar   Avenir Financial Group
  American Trust Investments Services Inc
 Roth, Brian   Aeon Capital Inc
  The Benchmark Company, LLC
 Sarria, Jorge   Morgan Stanley
  Merrill Lynch, Pierce, Fenner & Smith Inc
 Weinstein, Gregg   Entrustpermal Securities LLC
  Cantor Fitzgerald & Co
 Yassin, Mohamed   National Securities Corporation
  Morgan Stanley

Silver Law Group represents investors in securities and investment fraud cases through FINRA arbitration or court.  Our lawyers are admitted to practice in New York and Florida and represent investors nationwide in securities arbitration to help recover investment losses due to stockbroker misconduct.  If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Our lawyers have extensive experience collecting FINRA arbitration awards, prevailing on Motions to Vacate FINRA arbitration awards and using various collection efforts to enforce FINRA awards after they are received.

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Our attorneys currently represent customers of Jon Pariser against Independent Financial Group for losses related to First Nationle Solution. Jon Richard Pariser (CRD #2755015) is a former registered broker whose last employer was Independent Financial Group, LLC (CRD #7717) of Pacific Grove, CA. His previous employers include SWS Financial Services, INC. (CRD #17587) and LPL Financial LLC (CRD #6413), also of Pacific Grove, CA. No current employment information is available. He has been in the industry since 1996.

South-Florida-Broker-Brian-Michael-Berger-Permanently-Barred-by-FINRA-1024x683-300x200Pariser is barred in all capacities after he failed to provide requested information to FINRA for an investigation. The documentation relates to allegations that he referred some of his customers to an individual who was not a registered FINRA broker. This unregistered individual and may have recommended to or actually sold these customers “potentially unsuitable” securities. Pariser violated FINRA Rules 8210 and 2010 by refusing to provide this requested documentation, which led to him being barred. He signed an Acceptance, Waiver & Consent (AWC) letter consenting to the sanctions, and he is barred effective 10/04/2018.

His next disclosure is an employment separation from SWS Financial Services on 6/20/2014, which is connected by a closed customer dispute filed four days earlier, involving “unauthorized discretion.” The allegations state that “during the course of normal e-mail correspondence review, firm supervisors discovered an e-mail message from the customer containing language indicating that the representative may have engaged in unauthorized discretionary trading.”

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According to FINRA Disciplinary actions for November 2018, 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

  Christopher Cervino   Primary Capital, LLC
  COR Clearing LLC
  Abdul Chowdhury   AXA Advisors, LLC
  JP Morgan Securities LLC
  Michael Durgin   Hilltop Securities Inc.
  First Southwest
  Michael Giokas   Fortune Financial Services, Inc
  Comprehensive Asset Management and Servicing
  Travis Marks   Wells Fargo Advisors, LLC
  JP Morgan Securities LLC
  Richard Minichino   Next Financial Group, Inc
  Wunderlich Securities, Inc
  Thomas Park   Merrill Lynch, Pierce, Fenner & Smith Inc
  Wells Fargo Clearing Services, LLC
  Brian Roth   The Benchmark Company, LLC
  Intl Assets Advisory, LLC
  Whitney Stewart   Morgan Stanley
  Edge Capital Group, LLC
  James Taylor   First Empire Securities, Inc
  Morgan Stanley

Silver Law Group represents investors in securities and investment fraud cases through FINRA arbitration or court.  Our lawyers are admitted to practice in New York and Florida and represent investors nationwide in securities arbitration to help recover investment losses due to stockbroker misconduct.  If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Our lawyers have extensive experience collecting FINRA arbitration awards, prevailing on Motions to Vacate FINRA arbitration awards and using various collection efforts to enforce FINRA awards after they are received.

Published on:

According to FINRA Disciplinary actions for November 2018, 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

  Denise Canez
  James Flynn   IFS Securities
  Voya Financial Advisors, Inc
  Glenn Grosek   Citizens Securities, Inc
  Pruco Securities, LLC
  Phillip Johnson   D.H. Hill Securities, LLP
  Suntrust Investment Services, Inc
  Lloyd Johnston   Capital Financial Services, Inc
  BP&J / LLC
  Robin Lomont
  Bradley Pace   LPL Financial LLC
  A.J. Pace & Co, Inc
  Damian Serret   PFS Investments Inc
  James Ward   Northwestern Mutual Investment Services, LLC
  Stephen Yaworsky   Raymond James Financial Services, Inc
  Bancwest Investment Services, Inc.

FINRA makes this information available, in part, to inform investors about potential red flags or problems with certain stockbrokers.  If you invested with anyone in this report and have questions about your legal rights, our attorneys will talk with you at no cost to explain your legal rights and about how we can help recover your investment losses through securities arbitration or litigation.

Silver Law Group represents investors in securities and investment fraud cases through FINRA arbitration or court.  Our lawyers are admitted to practice in New York and Florida and represent investors nationwide in securities arbitration to help recover investment losses due to stockbroker misconduct.  If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

 

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