Securities Arbitration Lawyers BlogFINRA Disciplinary Actions for January 2019 Name Individuals Barred for Failure to Comply with FINRA Rules
According to FINRA Disciplinary actions for January 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 |
| Balas, Tami | SCF Securities, Inc |
| Klopp Agency | |
| Bustamante, Ricardo | JP Morgan Securities LLC |
| Bustamante Family Legacy, LLC | |
| Coffey, Brian | National Financial Services LLC |
| Fidelity Broker Services LLC | |
| Dulya, Rita | Kovak Securities Inc. |
| Pro-Integrity Securities | |
| Evans, Makisha | |
| Feitelnerg, Brendan | United Planners Financial Services |
| LPL Financial LLC | |
| Jimenez, Mario | Merrill Lynch, Pierce, Fenner & Smith Inc |
| Bank of America | |
| Justafort, Frantz | JP Morgan Securities LLC |
| Chase Investment Services | |
| Maddox, Nicholas | TCFG Wealth Management LLC |
| US Bancorp Investments | |
| Gustavo Madrigal-Flores | JP Morgan Securities |
| Miozzi, Scott | NYLife Securities LLC |
| Newbanks, Scott | KMS Financial Services, Inc |
| United Planners Financial Services | |
| Nichols, Viginia | LPL Financial LLC |
| Merrill Lynch, Pierce, Fenner & Smith Inc | |
| Resciniti, Michael | Spartan Capital Securities, LLC |
| First Standard Financial Company | |
| Sherry Jr., Zachary | NYLife Securities LLC |
| NY Life Insurance Co | |
| Simonds, Christopher | Edward Jones |
| Local Property LLC | |
| Tejeda, Divanna | JP Morgan Securities LLC |
| Chase Investment Services | |
| Valenzuela, Francisco | Morgan Stanley |
| Merrill Lynch, Pierce, Fenner & Smith Inc | |
| Wadsworth, Jackie | IMS Securities, Inc |
| Retirement Investment Group | |
| Walker, Rick | Morgan Stanley |
| Citigroup Global Markets Inc | |
| Walters, James II | Edward Jones |
| Williams, Stephen | LPL Financial LLC |
| Edward Jones | |
| Yassin, Mohamed | National Securities Corp |
| Morgan Stanley |
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.
On 6/8/2017, a customer filed a complaint against Robert W. Baird, attempting to recover $70,000 that Phillips borrowed from her during his employment and refused to repay. Philips borrowed the money without the knowledge of Baird and in violation of the firm’s policies.
Through 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.
Leone 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.