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Articles Posted in FINRA Disciplinary Actions

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According to FINRA Disciplinary actions for January 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
  Callagy, Christopher   Aegis Capital Corp
  Oppenheimer & Co Inc
  Costanzo, Anthony   AXA Advisors, LLC
  Dininno, Matthew   Morgan Stanley
  Merrill Lynch, Pierce, Fenner & Smith Inc
  Dow, Rodrick   Securities America, Inc
  Cetera Financial Specialists LLC
  Eckstein, Matthew   Sisk Investment Services, Inc
  Gould, Ambroson & Associates LTD
  Fleming, David Jr.   Stifel, Nicolus & Company, Inc
  Sterne, Agee & Leach, Inc
  Kievman, Cary   Ameriprise Financial Services, Inc
  Morgan Stanley Smith Barney
  Krupnick, Jeffrey   Ameriprise Financial Services, Inc
  JHS Capital Advisors, LLC
  Lake, Jonathan   Wells Fargo Clearing Services, LLC
  Morgan Stanley
  McCutchen, Jerry Sr.   Berthel, Fisher & Company Financial Services
  Next Financial Group, Inc
  Roveccio, Rocco   First Standard Financial Company LLC
  Alexander Capital, LP

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According to FINRA Disciplinary actions for April 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:

NAME FORMER EMPLOYERS
  Timothy Crowley   J.P. Morgan Securities LLC
  Chase Investment Services Corp
  David Del Rio   LPL Financial LLC
  Suntrust Investment Services, Inc.
  Christian Evans   Morgan Stanley
  Highland Capital Funds Distributor, Inc.
  Mary Frassetto   Thrivent Investment Management Inc.
  Jennifer Holmes   Voya Financial Advisors, Inc.
  ING Financial Partners,Inc.
  Yee Yee Htwe   Merrill Lynch, Pierce, Fenner & Smith Incorporated
  Farmers Financial Solutions, LLC
  Randy Jackson   Merrill Lynch, Pierce, Fenner & Smith Incorporated
  E*Trade Securities LLC
  Scott Levine   Craft Capital Management LLC
  PHX Financial, Inc.
  Megan McAlinden
  Hiep Quoc Nguyen   Merrill Lynch, Pierce, Fenner & Smith Incorporated
  Citizens Securities, Inc.
  Grizelle Perez   USCA Securities LLC
  Sanders Morris Harris LLC
  Michael Spyrka   Hold Brothers Capital LLC
  Koyote Trading LLC
  Jason Wilk   Worden Capital Management LLC
  Craft Capital Management LLC
  John Wyshak   Raymond James & Associates, Inc.
  Wedbush SecuritiesInc.

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According to FINRA disciplinary actions for April 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
  Joseph Berghausen   ADP Broker-Dealer, Inc.
  Cetera Advisor Networks LLC
  Stephanie Dannenberg
  Gregory Morgan   Allstate Financial Services, LLC
  ProEquities,Inc.
  Wesley Rayner   Santander Securities LLC
  JP Morgan Securities LLC
  David Rockwell   Cetera Advisor Networks LLC
  Suntrust Investment Services, Inc.
  Paul Ross   Hantz Financial Services, Inc.
  Thrivent Investment Management Inc.
  Mark Schneck   Northwestern Mutual Investment Services LLC
  MML Investors Services,LLC
  Cynthia Tarner
  Dennis Taylor   Taylor Capital Management Inc.
  Independent Financial Group, LLC

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According to FINRA Disciplinary actions for April 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
  Neal Carlson   Wells Fargo Clearing Services, LLC
  Wells Fargo Advisors, LLC
  Michael Carter   Morgan Stanley
  Ameriprise Financial Services, Inc.
  John Church   Waddell & Reed
  Cetera Advisor Networks LLC
  Gregory Clark   Burch & Company, Inc.
  Raymond James & Associates, Inc.
  Avelino Cortina III   AC3 Capital, LLC
  Wells Fargo Advisors,LLC
 William Despard   Morgan Stanley
  Citigroup Global Markets Inc.
  Michael Guilfoyle   Four Points Capital Partners LLC
  IFS Securities
  Kenneth Klaiman   Raymond James & Associates, Inc.
  Deutsche Bank Securities Inc.
  Paul Liebman   Wells Fargo Advisors Financial Network, LLC
  Oppenheimer & Co, Inc.
  Adam Morsi   Four Points Capital Partners LLC
  IFS Securities
  Gary Orcutt   Securities America Inc
  USAdvisors Wealth Management
  Vernon Sears, Jr.   Wells Fargo Clearing Services, LLC
  Raymond James & Associates, Inc.
  Damion Smith   Morgan Stanley
  UBS Financial Services Inc.
  Walter Sweatt II   Morgan Stanley
  Wells Fargo Advisors, LLC

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According to FINRA Disciplinary actions for March 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
  Michael Bressman   FCG Advisors, LLC
  Mary Ann Dineen   UBS Financial Services Inc.
  David Fagenson   Newbridge Securities Corporation
  UBS Financial Services Inc.
  Mark Figueroa   Spartan Capital Securities, LLC
  Arive Capital Markets
  Karen Kopatz   Raymond James & Associates, Inc.
  Morgan Keegan & Company, Inc.
  Jordan Rodriguez   NYLife Securities LLC
  Frederick Stow   Raymond James & Associates, Inc.
  Wells Fargo Advisors, LLC
  Mark Wetherell   Kovack Securities Inc.
  Invest Financial Corporation
  Marcus Wright   Farmers Financial Solutions, LLC
  J.P. Morgan Securities LLC

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According to FINRA Disciplinary actions for March 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:

NAME FORMER EMPLOYERS
  Barry Carson   Farmers Financial Solutions
  Lynn Cawthorne   Cambridge Investment Research, Inc.
  Investment Professionals, Inc.
  Prithviraj Dhandapani   LPL Financial LLC
  Merrill Lynch, Pierce, Fenner & Smith Incorporated
  Davrion Hemphill
  Fernando Landicho   Transamerica Financial Advisors,Inc.
  World Group Securities, Inc.
  Megan McAlinden

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According to FINRA Disciplinary actions for March 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
  Eric Abrahams   Burch & Company, Inc.
  Stillwater Structured Finance, LLC
  Ronny Acluche   Citizens Securities, Inc.
  Morgan Stanley
  Mark Adams Sr.   Ameriprise Financial Services, Inc.
  Banc of America Investment Services, Inc.
  Omer Ali-Taha   BB&T Investment Services, Inc.
  Fairfax Wealth, LLC
  John Baron   Morgan Stanley
  J.P. Morgan Securities LLC
  Antonio Costanzo   Titus Rockefeller, LLC
  IFS Securities
  Peter Ingraham   Morgan Stanley
  UBS Financial Services Inc.
  Bruce Katz   Gilford Securities Incorporated
  Raymond James & Associates, Inc.
  Andrew Mandala   Burch & Company, Inc.
  Stillwater Structured Finance, LLC
  Steve Morris   Wynston Hill Capital, LLC
  Halcyon Cabot Partners, Ltd.
  Donald Padilla   National Securities Corporation
  Kestra Investment Services, LLC
  Thomas Polston   Stifel, Nicolaus & Company, Incorporated
  Advest, Inc.
  Virgil Richmond II   Wells Fargo Clearing Services, LLC
  J.P. Morgan Securities LLC
  Matthew Siliato   Wynston Hill Capital, LLC
  Spartan Capital Securities, LLC
  Steven Thrush   Summit Brokerage Services, Inc.
  Cambridge Investment Research, Inc.
  John Wyshak   Raymond James & Associates, Inc.
  Wedbush Securities Inc.

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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 $5,199,232.26

Michael Carter (Michael Barry Carter CRD# 1373405) is a barred broker who was formerly registered with Morgan Stanley (CRD# 149777) out of their McLean, Virginia branch office. He had previously worked for Ameriprise Financial Services, Inc. (CRD# 6363) in Vienna, Virginia. Carter had been in the securities industry since 1999.

Michael Carter Disclosures

Michael Carter’s publicly-available FINRA BrokerCheck report lists seven disclosures, including four customer disputes (all involving misappropriation or unauthorized withdrawals), one employment separation after allegations, and two regulatory disclosures. 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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