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Articles Posted in FINRA Disciplinary Actions

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According to FINRA Disciplinary actions for September 2023, 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
  Michael Adinovich   Ameriprise Financial Services, LLC
  Ameriprise Advisor Services, Inc.
  Karla Moons   Concourse Financial Group Securities, Inc.
  Amsouth Investment Services, Inc.
  Kyle Steibel   CUNA Brokerage Services, Inc.
  Edward Jones
  Joseph Todaro   Network 1 Financial Securities Inc.
  SW Financial
  Jin Zhu   Morgan Stanley
  Key Investment Services LLC

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According to FINRA Disciplinary actions for August 2023, 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
  Davd Burch   Raymond James & Associates, Inc.
  Morgan Stanley
  Timothy Claypool   Northwestern Mutual Investment Services, LLC
  Farmers Financial Solutions, LLC
  Ebony Parks   LPL Financial LLC
  Wells Fargo Clearing Services, LLC
  Rashawn Russell   Deutsche Bank Securities Inc.
  Daniel Santos   PFS Investments Inc.
  Michael Solomon   Maxim Group LLC
  HFP Capital Markets LLC
  Bertram Unger   Edward Jones
  Pruco Securities, LLC
  Shane Wilhelm   Fortune Financial Services, Inc.
  Truist Investment Services, Inc.

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According to FINRA Disciplinary actions for May 2023, 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
  Albert Foronda   Spartan Capital Securities, LLC
  Worden Capital Management LLC
  Mark Miranda   Spartan Capital Securities, LLC
  Network 1 Financial Securities, Inc.
  Yvonne Nguyen   NYLIFE Securities LLC
  Alexandra Smith   J.P. Morgan Securities, LLC
  Merrill Lynch, Pierce, Fenner & Smith Incorporated
  Kenneth Wade   Cetera Advisors Networks LLC
  PFS Investments Inc.

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According to FINRA Disciplinary actions for May 2023, 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
  Damian Baird   Moors & Cabot, Inc.
  Morgan Stanley
  Bridget Fernandez   Ultimate Financial Investments, LLC
  UBS Financial Services Inc.
  Rajesh Gupta   Morgan Stanley
  J.P. Morgan Securities LLC
  Donald Smith   Provident Private Capital Partners, Inc.
  Vestax Securities Corporation
  Brian Wurdemann   RBC Capital Markets, LLC
  UBS Financial Services Inc.

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According to FINRA Disciplinary actions for May 2023, 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 Cutrone   Neuberger Berman BD LLC
  Ronald Diaz   Morgan Stanley
  J.P. Morgan Securities LLC
  Mulan Greenway
  Joshua Lovings
  Josette Santos   Wells Fargo Clearing Services, LLC
  Harold Stephenson   LPL Financial LLC
  Herrmann Securities, Inc.

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Damian Baird (Damian Mark Baird CRD# 3097243) is a previously registered broker and investment advisor most recently employed with Moors & Cabot, Inc. (CRD# 594) of Boston, MA. His previous employers include Morgan Stanley (CRD# 149777) of Williamsville, NY, UBS Financial Services Inc.   (CRD# 8174) of Buffalo, NY, and HSBC Securities (USA) Inc. (CRD# 19585) of Depew, NY.  He has been in the industry since 1998. FINRA Arbitration Involving Damian Baird Baird was suspended by FINRA following an arbitration proceeding in January of 2023 brought by his previous employer, Morgan Stanley, who alleged that he had failed to repay three notes totaling $888,403.12. FINRA requested documents and information, which Baird failed to produce. He also failed to attend the evidentiary hearing conducted via videoconference.

Damian Baird (Damian Mark Baird CRD# 3097243) is a previously registered broker and investment advisor most recently employed with Moors & Cabot, Inc. (CRD# 594) of Boston, MA. His previous employers include Morgan Stanley (CRD# 149777) of Williamsville, NY, UBS Financial Services Inc.   (CRD# 8174) of Buffalo, NY, and HSBC Securities (USA) Inc. (CRD# 19585) of Depew, NY.  He has been in the industry since 1998. Continue reading ›

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Cathie Joughin (Cathie Ann Joughin CRD# 1044884, a/k/a “Cathie Joughin Barnard,” “Cathie Ann Goughin,” “Cathie Joughin”) is a previously registered broker and investment advisor whose last employer was Ameriprise Financial Services, LLC (CRD# 6363) of Bakersfield, CA. Her previous employers include Wells Fargo Advisors Financial Network, LLC (CRD#:11025) and Wedbush Securities Inc. (CRD# 877), also of Bakersfield, and Triquest Financial, Inc. (CRD# 6596) of Glendale, CA. She is not currently registered with any FINRA member firm, has been in the industry since 1982. Ameriprise Termination And FINRA Investigation On 12/17/2021, Joughin voluntarily resigned from her employment at Ameriprise “while under review for compliance policy violations related to a fiduciary relationship.” No additional details are available. In January of 2022, Ameriprise filed a Uniform Termination Notice for Securities Industry Registration (Form U5) with FINRA listing the investigation as the reason for her departure.Cathie Joughin (Cathie Ann Joughin CRD# 1044884, a/k/a “Cathie Joughin Barnard,” “Cathie Ann Goughin,” “Cathie Joughin”) is a previously registered broker and investment advisor whose last employer was Ameriprise Financial Services, LLC (CRD# 6363) of Bakersfield, CA. Her previous employers include Wells Fargo Advisors Financial Network, LLC (CRD#:11025) and Wedbush Securities Inc. (CRD# 877), also of Bakersfield, and Triquest Financial, Inc. (CRD# 6596) of Glendale, CA. She is not currently registered with any FINRA member firm, has been in the industry since 1982. Continue reading ›

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According to FINRA Disciplinary actions for April 2023, 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
  William Casper   J.P. Morgan Securities LLC
  Kevin Chiu   J.P. Morgan Securities LLC
  Edward McMahon   Alexander Capital, L.P.
  J.P. Turner & Company, L.L.C.
  Somboun Thao   Pruco Securities, LLC
  MML Investors Services, LLC
  Patrick Thayer   LPL Financial LLC
  Parkland Securities, LLC
  Brian Wurdemann   RBC Capital Markets, LLC
  UBS Financial Services Inc.

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According to FINRA Disciplinary actions for April 2023, 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
  Christine Bourdelais   NYLife Securities LLC
  Thomas Buck   RBC Capital Markets, LLC
  Merrill Lynch, Pierce, Fenner & Smith Incorporated
  Narongdej Jaroensabphayanont   Voya Financial Advisors, Inc.
  Intersecurities, Inc.
  Richard Logalbo   Cetera Investment Services LLC
  MML Investors Services, LLC
  Harold Ramsey   Paulson Investment Company LLC
  Spartan Capital Securities, LLC
  Michael Rosalia   SW Financial
  Worden Capital Management LLC
  Dana Vietor   CFD Investments, Inc.
  Oakbridge Financial Services
  Jamie Worden   Worden Capital Management LLC
  Salomon Whitney LLC

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According to FINRA Disciplinary actions for April 2023, 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
  Austin Kiick   Equitable Advisors, LLC
  Isaac LaFond   Patrick Capital Markets, LLC
  IFP Securities, LLC
  Steve Moise   Joseph Stone Capital, LLC
  Spartan Capital Securities, LLC
  David Morris   Stifel, Nicolaus & Company, Incorporated
  UBS Financial Sevices Inc.

Continue reading ›

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