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Articles Posted in FINRA Disciplinary Actions

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According to FINRA Disciplinary actions for March 2017, 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
  Michael David Charest   Citizens Securities, Inc.
  CCO Investment Services Corp.
  William Thomas Eaton   LPL Financial LLC
  Wells Fargo Advisors, LLC
  Jason Francis Edwards   J.P Morgan Securities LLC
  SII Investments, Inc.
  Wayne Fitzgerald Ford   Salomon Whitney Financial
  Rockwell Global Capital LLC
  Robert M. Hirsch   T3 Trading Group, LLC
  UBS Financial Services Inc.
  Arthur Kenneth King IV   First Empire Securities, Inc.
  Stifel, Nicolaus & Company, Inc.
  Nicholas McCauley Messore   LPL Financial LLC
  Morgan Stanley Smith Barney
  Andrew Joseph Niehus   ULU Capital, LLC
  Raymond James & Associates, Inc.
  William A. Van Ormer III   Voya Financial Advisors, Inc.
  Suntrust Investment Services, Inc.
  Darin Richard Pastor   Courtlandt Securities Corporation
  Capstone Affluent Strategies

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.

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According to FINRA Disciplinary actions for March 2017, 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
  Philip Bagalanon
  Terry Dean Bahgat   Gradient Securities, LLC
  Cambridge Investment Research, Inc.
  Patrick Hugh Dowd   Pruco Securities, LLC
  The Prudential Insurance Company of America
  Joseph Adam Giardina   Allstate Financial Services, LLC
  Ryley Grosso   Infinex Investments, Inc.
  PFS Investments Inc.
  Larry Anthony Ham   J.P. Morgan Securities LLC
  Chase Investment Services Corp.
  Barry Jin   Spartan Capital Securities, LLC
  Lampert Capital Markets Inc.
  Martin Jones   Goldman, Sachs & Co.
  Melanie Ann Melton   Allstate Financial Services, LLC
  Lystra C. Moore-Besson   HSBC Securities (USA) Inc.
  HSBC Brokerage (USA) Inc.
  Karrie Renee Parrett   Independent Financial Group LLC
  Invest Financial Corporation
  Douglas A. Rabess   NYLife Securities LLC
  Joshua James Shelby   J.P. Morgan Securities LLC
  Chase Investment Services Corp.
  Donald Lee Watson, Jr.   The Jeffrey Matthews Financial Group, LLC
  Stifel, Nicolaus & Company, Inc.
  Mark Nicholas Wesley   Ameriprise Financial Services, Inc.
  IDS Life Insurance Company
  Steven Warren Whelan   MML Investors Services, LLC
  Pruco Securities, LLC
  Terrance Jerome Wilkerson   First Financial Equity Corporation
  Merrill Lynch, Pierce, Fenner & Smith Inc.
  Gregory Allen Zale   LPL Financial LLC
  Royal Alliance Associates, 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.

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According to FINRA Disciplinary actions for March 2017, 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
  Dennis Dewain Hern   Ameriprise Financial Services, Inc.
  First Command Financial Planning, Inc.
  Boa Tran Dinh Hoang   J.P. Morgan Securities LLC
  Chase Investment Services Corp.
  Christopher Wayne Hunt II
  Laurence H. King   Legend Securities, Inc.
  Domestic Securities, Inc.
  Reginald Lewis McCarthy   Horace Mann Investors, Inc.
  Allstate Financial Services, LLC
  Caleb Layton Morris   Country Capital Management Company
  Brian Patrick Murphy   Signator Investors, Inc.
  MetLife Securities Inc.
  Peter Michael Riley   Morgan Stanley
  UBS Financial Services, Inc.
  Robert Shaffer   Fordham Financial Management, Inc.
  PHX Financial, Inc.
  Joe Don Treece   Arvest Wealth Management
  Raymond James & Associates, 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.

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Silver Law Group is investigating former Las Vegas, Nevada broker Frank R. Underhill Jr. (CRD# 4970331) after FINRA permanently barred him.

According to Underhill’s FINRA BrokerCheck report, Underhill who owned and operated his own brokerage firm, Underhill Securities Corp. (CRD# 148001), FINRA permanently barred Underhill from acting as a broker or otherwise associating with firms that sell securities to the public.

Underhill failed to respond to a FINRA request for information, according to his BrokerCheck report, which was the cause of his permanent bar.

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Cetera Brokerage Firm Investors Capital Corp Fined $1.1 Million Over Sales of Unit Investment Trusts

Silver Law Group is investigating investor claims against Cetera Financial Group-owned Investors Capital Corp. (CRD# 30613) after FINRA fined the firm and ordered it to pay restitution of over $1.1 million for allegations of short-term trading of unit investment trusts (“UITs”).

According to the Acceptance, Waiver & Consent (“AWC”) Investors Capital Corp. (“Investors Capital”) and FINRA entered into in October 2016, FINRA found that Investors Capital recommended unsuitable short-term trading of UITs and Steepener Notes (“Steepener Notes”) in 74 customer accounts.  Additionally, Investors Capital failed to apply sales charge discounts to certain customers’ purchases of UITs, according to the AWC.  The misconduct occurred between June 2010 and September 2015.

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Silver Law Group is investigating former New York broker Matthew DiGregorio after FINRA permanently barred him.

According to DiGregorio’s FINRA BrokerCheck report, FINRA permanently barred DiGregorio after he told FINRA staff that he does not intend to honor an award that a FINRA arbitration panel ordered him to pay to his former partners at a FINRA member firm.  Further, the complaint DiGregorio was named a respondent in alleges that DiGregorio made false representations to the FINRA panel regarding claims that his child was involved in an accident in order to extend the hearing sessions.

This is not the first time DiGregorio has been punished by FINRA for similar misconduct.  In August 2015, FINRA suspended DiGregorio for failing to comply with a settlement agreement or arbitration award or to satisfactorily update FINRA on the status of his compliance.

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According to FINRA Disciplinary actions for February 2017, 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
  Troy Christopher Baldridge   Capital Securities Management, Inc.
  Anderson & Strudwick, Inc.
  Shawn Aaron Bedford   Edward Jones
  William Joseph Broccio   Meyers Associates, LP
  Blackbook Capital, LLC
  Michael James Coolican IV   LPL Financial LLC
  Edward Jones
  Brian Michael Gamard   Spartan Capital Securities, LLC
  John Thomas Financial
  Brian Marc Kennison   U.S. Bancorp Investments, Inc.
  Financial West Group
  Jonathan H. Lowell  
  Sekou Mansur McClendon   Equinox Securities, Inc.
  Cape Securities, Inc.
  Neil David Pecker   Coastal Equities, Inc.
  Vision Financial Partners, LLC
  Patrick Lee Perales   Wells Fargo Advisors, LLC
  Jean Paul Pierre  
  Bryan Daniel Quigley   MetLife Securities Inc.
  New England Securities
  Kimberly Charisse Rice   Fidelity Brokerage Services LLC
  Jon Brett Schmidhammer   Stifel, Nicolaus & Company
  Merrill Lynch, Pierce, Fenner & Smith Inc.
  Jay Steven Sutherland   Ameriprise Financial Services, Inc.
  Wells Fargo Advisors, LLC
  Patrick Justin White, Sr.   Laidlaw  & Company (UK) Ltd.
  Blackbook Capital LLC

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.

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According to FINRA Disciplinary actions for February 2017, 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
  Michael Allen Becking   Wells Fargo Advisors, LLC
  Chase Investment Services Corp.
    Vladimir Belyaev   Avenir Financial Group
  Coastal Equities, Inc.
  Alina Brindusescu   U.S. Bancorp Investments, Inc.
  HSBC Securities (USA) Inc.
  Scott Louis Capone   Morgan Stanley Smith Barney
  WM Financial Services, Inc.
  Mckyle Clyburn   GunnAllen Financial, Inc.
  Maximum Financial Investment Group, Inc.
  Ronald Scott Cole   UBS Financial Services Inc.
  Morgan Stanley Smith Barney
  Willard Lee Golightly   Kelly Compton Investments LLC
  SCF Securities, Inc.
  Gerard Chandler Gremillion   Profinancial, Inc.
  Chad Gremillion
  Ross H. Mandell   Sky Capital LLC
  Granta Capital Group LLC
  Dan Moss Jr.   Morgan Stanley Smith Barney
  UBS Financial Services Inc.
  Manoj Pataudi Mudgal   Morgan Stanley
  Chase Investment Services Corp.
  Richard James Murphy   Tullett Prebon Financial Services LLC
  Citation Financial Group, LP
  Drew Anthony Romeo   Morgan Stanely
  UBS Financial Services Inc.
  Rob Salinger   U.S. Bancorp Investments, Inc.
  Merrill Lynch, Pierce, Fenner and Smith Inc.
  Michael David Schwartz   Merrill Lynch, Pierce, Fenner and Smith Inc.
  Barclays Capital Inc.
  Leonard Gregory Stover   Cetera Advisors LLC
  Ameriprise Financial Services, Inc.
  Joe Don Treece   Arvest Wealth Management
  Raymond James & Associates, Inc.
  Christopher Robert Vanstelle   Steelpoint Securities, LLC
  WBB Securities, LLC
  Stephen Arnold Vaughan   Ameriprise Financial Services, Inc.
  Ameriprise Advisor Services, Inc.
  Richard Diego Vega   Raymond James & Associates, Inc.
  Morgan Stanley Smith Barney

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.

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According to FINRA Disciplinary actions for February 2017, 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
  Roberto Omar Bastardo   Wells Fargo Advisors, LLC
  Bernard B. Beal    Blaylock Robert Van LLC
  M.R. Beal & Company
  Christopher John Calandrino   Joseph Stone Capital LLC
  Cape Securities Inc.
  Munaem Choudhury   Chelsea Financial Services
  Brookstone Securities, Inc
  Donald Joseph Coleman   Citigroup Global Markets Inc.
  Dawn Deshean Davenport   J.P. Morgan Securities LLC
  Thomas A. Davis   Wells Fargo Advisors, LLC
  John Scott Elliott   Ameriprise Financial Services, Inc.
  Sherman Lee Greer   LPL Financial LLC
  UVest Financial Services Group, Inc.
  John Francis Hart   WFG Investments, Inc.
  Questar Capital Corporation
  Raul Enrique Jacobs   Waddell & Reed
  T2 Asset Management, LLC
  Adela Ovadia Levy
  Derrick Joseph Luttrell   Merrill Lynch, Pierce, Fenner & Smith Inc.
  Charles Schwab & Co. Inc.
  Roxanna Andrea Marin   Wells Fargo Advisors, LLC
  Farid Morim   J.P. Morgan Securities LLC
  Chase Investment Services Corp.
  Ryan Edward O’Neal Jr.
  Brian Thomas Perry   Ameriprise Financial Services, Inc.
  IDS Life Insurance Company
  Francesco Anthony Scarso   First Standard Financial Company LLC
  PHX Financial, Inc.
  Keith Patrick Sequeira   Royal Alliance Associates, Inc.
  Wells Fargo Advisors, LLC
  Bryan Michael Snyder   J.P. Morgan Securities, LLC
  Northwestern Mutual Investment Services, LLC
  Melanie Sherry Sweet   Hamershlag Sulzberger Borg Capital Markets
  Southlake Capital, LLC

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.

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Silver Law Group is investigating former Arizona-based LPL Financial LLC (CRD# 6413) broker Dominic T. DeBruin (CRD# 2788196) after FINRA permanently barred the broker.

According to DeBruin’s FINRA BrokerCheck report, FINRA permanently barred DeBruin from acting as a broker or otherwise associating with firms that sell securities to the public.

According to the FINRA BrokerCheck report, DeBruin, without admitting or denying the findings, consented to FINRA entry of findings that he refused to provide information and documents and to appear for on-the-record testimony as requested by FINRA.

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