FINRA Disciplinary Actions

FINRA Suspends Registered Individuals in November 2018 for Violations of FINRA Rules

December 18, 2018 | Silver Law Group

According to FINRA Disciplinary actions for November 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
Jose Arizmendi	Silber Bennett Financial, Inc
Jose Arizmendi	TCFG Wealth Management, LLC
Tani Balas	SCF Securities, Inc
Tani Balas	Klopp Agency
Mauricio Borja	Allstate Financial Services, LLCX
Brian Coffey	National Financial Services LLC
Brian Coffey	Fidelity Brokerage Services LLC
Rita Dulya	Kovack Securities Inc.
Rita Dulya	Pro-Integrity Securities, Inc
Makiaha Evans
Brendan Feitelberg	United Planners’ Financial Services of America
Brendan Feitelberg	LPL Financial LLC
Edgar Guzman-Gonzalez	JP Morgan Securities LLC
Mario Jimenez	Merrill Lynch, Pierce, Fenner & Smith Inc
Mario Jimenez	Bank of America, N. A.
Frantz Justafort	JP Morgan Securities LLC
Frantz Justafort	Chase Investment Services Corp.
Linda Lin
Nicholas Maddox	TCFG Wealth Management, LLC
Nicholas Maddox	U.S. Bancorp Investments, Inc.
Gustavo Madrigal-Flores	J.P. Morgan Securities LLC
Virginia Nichols	LPL Financial LLC
Virginia Nichols	Merrill Lynch, Pierce, Fenner & Smith Inc
Jeffrey Offen	Craft Capital Management LLC
Jeffrey Offen	Salomon Whitney Financial
Issac Onu	NY Life Securities LLC
Issac Onu	Wells Fargo Advisors, LLC
Michael Resciniti	Spartan Capital Securities, LLC
Michael Resciniti	First Standard Financial Company LLC
Mark Sachse	Ameriprise Financial Services, Inc.
Mark Sachse	Robert W. Baird & Co Inc.
James Schwede
Zachary Sherry Jr.	NYLIfe Securities LLC
Christopher Simonds	Edward Jones
Kimberly Sredich
Dudley Stephens	Coastal Equilites, Inc
Dudley Stephens	Prospera Financial Services, Inc
Divanna Tejeda	JP Morgan Securities LLC
Divanna Tejeda	Chase Investment Services Corp
Derrick Trussell	PFS Investments Inc.
Derrick Trussell	Primerica Financial Services
Rick Walker	Morgan Stanley
Rick Walker	Citigoup Global Markets Inc
James Walters II	Edward Jones
Mohamed Yassin	National Securities Corporation
Mohamed Yassin	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.

FINRA Suspends Francisco Faraco For Forging Signatures

November 2, 2018 | Silver Law Group

Francisco Jose Faraco (CRD #5095972) is a former registered broker and investment advisor whose last employer was Morgan Stanley (CRD #149777) of New York, NY. His previous employers include J.P. Morgan Securities LLC (CRD #79), also of New York, NY, Santander Securities (CRD #41791) and Merrill Lynch, Pierce, Fenner & Smith Incorporated (CRD #7691) both of Miami, FL. No other employment information is available, and he is not currently registered with any FINRA member firm. He has been in the industry since 2006.

FINRA-Permanently-Bars-Broker-Richard-McGuire-for-Taking-Funds-and-Forging-Signatures-300x200 Faraco is the subject of three disclosures. Two are for one specific incident.

In January of 2016, Faraco allegedly began assisting an institutional customer obtain a $15M loan from Morgan Stanley Private Bank. In the course of applying, he attempted to keep the process moving after two roadblocks—an expired passport for one individual, and forging two signatures on two assurance documents for collateral. Faraco felt the documents were duplicates. Those signatures were representatives of affiliated companies. The bank approved the loan, and the forgeries were discovered only after one of the affiliates complained.

In October 2018, Registered Individuals Suspended by FINRA for Failing to Comply with FINRA Rules

October 26, 2018 | Silver Law Group

According to FINRA Disciplinary actions for October 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
Jason Beem	Morgan Stanley
	UBS Financial Services Inc
Stephen Grivas	Blackbook Capital LLC
	Obsidian Financial Group LLC
Eric Negron	LPL Financial LLC
	Ameriprise Financial Services, Inc
Garry Savage Jr.	Wallstreet Strategies, Inx
	Securities America, Inc
Gary Savage Sr.	Wall Street Strategies, Inc
	Securities America, Inc
Mark Vanaelst	Morgan Stanley
	Robert W. Baird & Co
Aaron Willbanks	Willbanks Securities, Inc
	Birchtree Financial Services, Inc.

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.

October 2018 Disciplinary Actions Name Individuals Barred from FINRA for Violations of FINRA Rules

October 26, 2018 | Silver Law Group

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
William Downing	J. W. Cole Financial, Inc
Keven Gayle	NYLife Securities LLC
Jose Giraldo	Merrill Lynch, Pierce, Fenner & Smith Inc
Jose Giraldo	Bank of America NA
Cristhelle Medina	J.P. Morgan Securities LLC
	Well Fargo Advisors, LLC
Stephen Murray	Raymond James & Associates, Inc
Stephen Murray	Morgan Keegan & Company, Inc
Ivan Reyes	Alexander Capital, L.P.
Ivan Reyes	Craft Capital Management LLC
David Rodgers	Allstate Financial Services, LLC
David Rodgers	Rodgers Capital Management
Michael Sekusky
Jimmy Tran	J.P. Morgan Securities LLC
Jimmy Tran	Wells Fargo Advisors, LLC
Anthony Valois	PHX Financial, Inc
Anthony Valois	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.

FINRA Suspends Registered Individuals in October 2018 for Violations of FINRA Rules

October 26, 2018 | Silver Law Group

According to FINRA Disciplinary actions for October 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
Gregory Adamo	Allstate Financial Services, LLC
Gregory Adamo	National Securities Corporation
Ricardo Bustamante	J.P. Morgan Securities LLC
Ricardo Bustamante	Bustamante Family Legacy LLC
Daniel Flores	Woodbury Financial Services, Inc
Daniel Flores	Princor Financial Services Corporation
Jose Giraldo	Merrill Lynch, Pierce, Fenner & Smith Inc
Jose Giraldo	David Lerner Associates, Inc
Joshua Krize	Wells Fargo Clearing Services, LLC
Joshua Krize	Country Capital Management Company
Francine Lanaia	Windsor Street Capital, LP
Francine Lanaia	Meyers Associates LP
Scott Miozzi	NYLife Securities LLC
Daniel Moore
Scott Newbanks	KMS Financial Services, Inc
Scott Newbanks	United Planners’ Financial Services of America
Yousuf Saljooki	Worden Capital Management LLC
Yousuf Saljooki	Salomon Whitney Financial
Jameson Shin	LPL Financial LLC
Jameson Shin	Wells Fargo Advisors LLC
Margaret Sterr	M Holding Securities, INC
Margaret Sterr	Catalyst Solutions Group, Inc
Francisco Valenzuela	Morgan Stanely
Francisco Valenzuela	Merrill Lynch, Pierce, Fenner & Smith Inc
Bryce Vance	Farmers Financial Solutions, LLC
Jackie Wadsworth	IMS Securities Inc
Jackie Wadsworth	Retirement Investment Group
Stephen Williams	LPL Financial LLC
Stephen Williams	Edward Jones
Eric Zimmer	LPL Financial LLC
Eric Zimmer	Edward Jones

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.

FINRA Bars Broker Kyusun Kim After Multiple Customer Complaints Of Unsuitability

October 12, 2018 | Silver Law Group

Kyusun Kim (CRD #2864085) is a registered investment advisor and previously registered broker, last employed and registered with Sandlapper Securities, LLC, of San Diego, CA. (He is also known as “Kyu Sun Kim” or “Kenny Kim.”) Kim’s previous employers include Independent Financial Group, LLC (CRD #7717), Lincoln Financial Advisors Corporation (CRD #3978), both also of San Diego, and The Lincoln National Life Insurance Company (CRD #2580) of Fort Wayne, IN. He began in the industry in 1997.

Kim is the subject of 23 customer disputes dating back to 2007. One dispute was denied; nine are pending, and the remaining thirteen are settled, with one settlement rescinded. The total for Kim’s twelve settled cases is $2,995,443. His nine pending complaints include requested damages totaling $2,950,000.

New Jersey Broker Richard Grant Cody May Be Facing Serious Penalties on elderfinancialfraudattorneys.com 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 real estate investment trusts (REITs.) Many of these customers had little or no investment experience, and were unfamiliar with these types of securities. The higher risk involved made them inconsistent with the more conservative objectives. Kim failed to disclose the extra risk involved in many of these securities, and most suffered substantial financial losses.

FINRA Bars Registered Individuals in September 2018 for Violations of FINRA Rules

October 2, 2018 | Silver Law Group

According to FINRA Disciplinary actions for September 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
Mona Ali	JP Morgan Securities LLC
Mona Ali	JP Morgan Chase Bank
Bobbie Jo Besler	Farmers Financial Solutions
Bobbie Jo Besler	State Farm VP Mgmt Corp
Jeffrey Cederberg	Primex
Jeffrey Cederberg	Capwest Securities, Inc
Vincente Davila	Morgan Stanley
Vincente Davila	Merrill Lynch, Pierce, Fenner & Smith Inc.
Alan Garett	Fidelity Brokerage Services LLC
Ramon Herrera	Wells Fargo Clearing Services, LLC
Mandee Khu	JP Morgan Securities LLC
Mandee Khu	Chase Investment Services Corp
John Maccoll	UBS Financial Services Inc
John Maccoll	Morgan Stanley DW Inc.
Felipe Munive	Allstate Financial Services, LLC
Gordan Nitka	MML Investor Services, LLC
Gordan Nitka	MassMutual Life Insurance Co
Daniel Ochao	Farmers Financial Solutions, LLC
George Oldoerp	H Beck, Inc.
George Oldoerp	Diversified Securities, Inc
Mary Olsen
Paul Prestia	Laidlaw & Company LTD
Paul Prestia	Network 1 Financial Securities Inc.
David Taylor	Lincoln Financial Securities Corp
Christopher Threet	JP Morgan Securities LLC
Christopher Threet	Capital One Bank

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.

September 2018 FINRA Disciplinary Actions Name Individuals Suspended for Failure to Comply with FINRA Rules

October 2, 2018 | Silver Law Group

According to FINRA Disciplinary actions for September 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
Heath Bowen	Allegis Investment Services, LLC
Heath Bowen	Signator Financial Services, Inc
William Eaton	LPL Financial, LLC
William Eaton	Wells Fargo Advisors, LLC
Yosef Fox	Ditto Trade, Inc
Yosef Fox	Web Street Securities, Inc
Louis Kittlaus	Wall Street Strategies, Inc
Louis Kittlaus	Edwin C. Blintz Investments, Inc.
Robert Nash	Merrimac Corporate Securities, Inc.
Jason Sullivan	Woodstock Financial Group, Inc
Jason Sullivan	Wells Fagro Clearing Services, LLC
Michael Venturino	Trident Partners LTD
Michael Venturino	Aegis Capital Corp

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.

FINRA Suspends Registered Individuals for Violations of FINRA Rules in September 2018

October 2, 2018 | Silver Law Group

According to FINRA Disciplinary actions for September 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
Denise Canez
John Drill	Northwestern Mutual Investment Services LLC
John Drill	Robert Baird & Co Incorporated
Glenn Grosek	Citizens Securities, Inc
Glenn Grosek	Prunco Securities, LLC
Edgar Guzman-Gonzalez	JP Morgan Securities LLC
Edgar Guzman-Gonzalez	JP Morgan Chase Bank
Donald Heitz	LPL Financial LLC
Donald Heitz	First Command Financial Planning, Inc.
Gretchen Jenkins	LPL Financial LLC
Gretchen Jenkins	ESL Investment Services, LLC
Phillip Johnson	D.H. Securities, LLLP
Phillip Johnson	Suntrust Investment Services, Inc
Christopher Landa	LPL Financial LLC
Christopher Landa	Principal Securities, Inc.
Robin Lomont
Jeffrey Offen	Craft Capital Management LLC
Jeffrey Offen	Salomon Whitney Financial
Shawn Palmer	LPL Financial LLC
Shawn Palmer	Woodbury Financial Services, Inc
Somning Pheth	Wells Fargo Clearing Services, LLC
Somning Pheth	Wells Fargo Bank NA
Phillip Schreiner	Morgan Stanley
Phillip Schreiner	Merrill Lynch, Pierce, Fenner & Smith Inc.
Damian Serret	PFS Investments Inc
Damian Serret	Primerica Financial Services
Charles Suhar	The Huntington Investment Company
Charles Suhar	LPL Financial LLC
Zachary Swords	Farmers Financial Solutions, LLC
Bryce Vance	Farmers Financial Solutions, LLC
Stephen Yaworsky	Raymond James Financial Services, Inc.
Stephen Yaworsky	Bancwest Investment Services, Inc.

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.

FINRA Bars Broker Taek Chong After Allegations of $2M Commission Overpayment

September 13, 2018 | Silver Law Group

Taek Man Chong (CRD #1551743) is a previously registered broker and investment advisor who was last registered with Raymond James Financial Services, Inc. (CRD #6694) of Mercer Island, WA. His previous employers include Deutsche Bank Securities Inc. (CRD #2525) and SG Cowen Securities Corporation (CRD #7616) of New York, NY, and A. G. Edwards & Sons, Inc. (CRD #4) of St. Louis, MO. No current employment information is available. He has been in the industry since 1986.

Broker-William-Hutchinson-Barred-by-FINRA-300x200 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.

FINRA began an investigation, and sent a letter to Chong on May 25, 2018, requesting information related to the disputes. On June 19, 2018, Chong responded through counsel that he would not provide the requested information to FINRA at any time. FINRA issued an Acceptance, Waiver & Consent (AWC) letter, in which Chong neither admitted nor denied findings, and signed on June 22, 2018. FINRA subsequently barred Chong indefinitely, and in all capacities, effective June 28, 2018.