Securities Arbitration Lawyers BlogOctober 2018 Disciplinary Actions Name Individuals Barred from FINRA for Violations of FINRA Rules
According to FINRA Disciplinary actions for October 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 |
| Lindsey Brown | |
| William Downing | Coastal Equities, Inc |
| J. W. Cole Financial, Inc | |
| Keven Gayle | NYLife Securities LLC |
| Jose Giraldo | Merrill Lynch, Pierce, Fenner & Smith Inc |
| Bank of America NA | |
| Cristhelle Medina | J.P. Morgan Securities LLC |
| Well Fargo Advisors, LLC | |
| Stephen Murray | Raymond James & Associates, Inc |
| Morgan Keegan & Company, Inc | |
| Ivan Reyes | Alexander Capital, L.P. |
| Craft Capital Management LLC | |
| David Rodgers | Allstate Financial Services, LLC |
| Rodgers Capital Management | |
| Michael Sekusky | |
| Jimmy Tran | J.P. Morgan Securities LLC |
| Wells Fargo Advisors, LLC | |
| Anthony Valois | PHX Financial, Inc |
| Meyers Associates, L.P. |
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.
Between 2008 and 2015, Kim was accused of soliciting the business of individuals who were retired or near retirement age, and recommended that they liquidate their pension plans and 401(k) to invest with him in so-called “alternative investments,” including things like non-traded 
Two customer disputes were filed in May of 2018, both alleging overpayment of commissions, totaling $2,010,939.01. These disputes are currently listed as “pending.” According to FINRA documentation, Chong was under review for these disputes, which were related to large, institutional trades, and his registration with Raymond James was voluntarily terminated on May 22, 2018. He is not currently associated with any FINRA-member firm.
Downing is also the subject of a customer dispute, filed on 07/05/2018. In it, the client alleges that Downing “between 2013 and 2018. . .excessively traded client’s account.” Requested damages are $1M, but no additional details are available. It is not known if this case is related to the FINRA action that let to Downing ultimately being barred indefinitely.
FINRA suspended Henriquez in all capacities, effective 7/2/2018 through 08/15/2018, and fined him $7,500 for effecting discretionary transactions in multiple customer accounts. These transactions were conducted without written consent from the customers, as well as without written authorization from the firm.