A National Securities Arbitration & Investment Fraud Law Firm

Articles Posted in Stockbroker Misconduct

|

Investment bank Sutter Securities has been served with a complaint by FINRA that it engaged in churning an elderly investor’s account. Former Sutter part-owner and CEO Keith Moore was also named in the complaint for making recommendations to the unnamed broker on behalf of this customer. FINRA’s complaint details how Sutter engaged in churning—excessive trading to generate higher commissions—that brought in $2.9 million in commissions to the firm. This figure represents 35% of the firm’s commissions during the period. The firm generated over $8 million in total commissions during the relevant period. The charges include violations of Regulation Best Interest by both Sutter and Moore, holding them responsible for allowing the broker to engage in excessive trading, failing to supervise the broker, and ignoring multiple warnings and red flags.Investment bank Sutter Securities has been served with a complaint by FINRA that it engaged in churning an elderly investor’s account. Former Sutter part-owner and CEO Keith Moore was also named in the complaint for making recommendations to the unnamed broker on behalf of this customer. Continue reading ›

|

Silver Law Group founding attorney Scott Silver has been quoted in an article by Investment News after Boca Raton, Florida-based Newbridge Securities settled a claim with FINRA. The firm paid $105,000 for failing to supervise two brokers who, over a five-year period, excessively recommended the use of margins in five customer accounts. “This is another speeding ticket of the firm by FINRA, the cop, along with the other infractions of the firm’s history,” Scott said in the article. Newbridge Securities was fined $60,000 and paid restitution of $45,000, plus interest, and accepted the findings while neither confirming nor denying any of the accusations. In the order, FINRA stated: “From July 2015 through June 2020, Newbridge failed to reasonably supervise two registered representatives in one former branch office who recommended unsuitable margin use in five customer accounts. The customers were not experienced or sophisticated investors and did not understand the extent to which margin was used in their accounts, or the costs associated with the margin use.”Silver Law Group founding attorney Scott Silver has been quoted in an article by Investment News after Boca Raton, Florida-based Newbridge Securities settled a claim with FINRA. The firm paid $105,000 for failing to supervise two brokers who, over a five-year period, excessively recommended the use of margins in five customer accounts.

“This is another speeding ticket of the firm by FINRA, the cop, along with the other infractions of the firm’s history,” Scott said in the article. Continue reading ›

|

Have you purchased shares of a company called BTC Digital, or Metem Ed TechX, as was previously known, on the recommendation of your Aegis broker? Silver Law Group is a securities law firm that looks after investors’ interests. If you or someone you know have suffered losses from an Aegis-related investment recommendation, contact attorney Scott Silver at ssilver@silverlaw.com or toll-free at (800) 975-4345 for a free consultation. BTC Digital, (BTCT) is a crypto asset technology company that engages in bitcoin mining and the rental and resale of bitcoin mining machines. Founded in 2006 and originally named Ed TechX, it later bought Meten. The company engaged in English language training (ELT) until it changed to bitcoin mining in 2022, changing its name to BTC Digital. The company also changed its stock ticker from the original METX to its current BTCT. The company is headquartered in Shenzhen, China. Meten/BTC is one of the many micro-cap companies underwritten by Aegis, which sold the stock to its retail customers. In its March 2024 report, SLCG Economic Consulting described Aegis as one of “the worst” retail brokerages, and a “Farm-to-Table Securities Fraud Purveyor” that cost its customers $5 billion in losses. Aegis Capital’s underwrote Meten/BTC. The company allegedly directly harmed individual investors by pushing them into risky and ultimately worthless securities, usually using misleading research and potential price manipulation. The result was catastrophic financial losses for ordinary people, many of whom were not equipped to handle these risks.Have you purchased shares of a company called BTC Digital, or Metem Ed TechX, as was previously known, on the recommendation of your Aegis broker?

Silver Law Group is a securities law firm that looks after investors’ interests. If you or someone you know have suffered losses from an Aegis-related investment recommendation, contact attorney Scott Silver at ssilver@silverlaw.com or toll-free at (800) 975-4345 for a free consultation. Continue reading ›

|

According to FINRA Disciplinary actions for July 2026, the following individuals were suspended from FINRA and currently cannot 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. However, these individuals remain bound by the securities arbitration agreement to arbitrate any disputes between themselves and their former customers:

NAME FORMER EMPLOYERS
Travis Price Alexander  Raymond James Financial Services

Ameriprise Financial Services
Changxi Ji (CRD #7563608)  Edward jones

Globalink Securities, Inc.

Continue reading ›

|

According to FINRA Disciplinary actions for July 2026, 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
Vincent Jerome Camarda  IBN Financial Services, Inc.

Taderfield Securities Inc.
Eileen Law Cure  LPL Financial LL

HD Vest Investment Services
Randy Cleve Fox  GT Securities, Inc.

Portsmouth Financial Services
James Edward McArthur IBN Financial Services, Inc.

Taderfield Securities Inc.
Brendan Kammerer Oppenheimer & Co. Inc.

Ameriprise Financial Services, LLC
Glenn J Romer Center Street Securities, Inc.

Lincoln Financial Securities
James Keith Cox Newbridge Securities Corporation

Stifel, Nicolaus & Company, Inc.
David Leslie Arlein Cabot Lodge Securities LLC

Fintegra, LLC
Keith David Lundhagen Wells Fargo Clearing Services, LLC

UBS Financial Services Inc.
Ronald George Palmer Equitable Advisors, LLC

Macquarie Securities (USA) Inc.
George John Cairnes Chelsea Financial Services

Wells Fargo Clearing Services, LLC

Continue reading ›

|

According to FINRA Disciplinary actions for July 2026, 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
William Kershaw  NYLife Securities LLC
Robert Leroy Metz Fidelity Brokerage Services LLC
Keith Wesley Schongar  Empower Financial Services, Inc.

TD Ameritrade, Inc.

Scottrade, Inc.
Danielle Rose Sonnenberg Innovation Partners LLC

Sloan Securities Corp.

Continue reading ›

|

Jesse Krapf (CRD# 5467277) is a former registered broker last employed with SPARTAN CAPITAL SECURITIES, LLC (CRD# 146251) of New York, NY. His previous employers include Benchmark Investments, Inc. (CRD# 103792), Newbridge Securities Corporation (CRD# 104065), and Columbus Advisory Group, LTD. (CRD# 126331), all of New York. Three of his eleven previous employers have been expelled by FINRA.  He has been in the industry since 2008. Krapf has ten disclosures in his CRD, four of which are customer disputes. The most recent disclosure is a suspension from FINRA after Krapf failed to provide requested information. FINRA issued a suspension effective 4/6/2026 indefinitely. If Krapf does not request a termination of the suspension within three months, he will be permanently barred from the industry effective 6/29/2026. In a previous disciplinary action issued by FINRA on 10/30/2024, Krapf was suspended for five months after being found to have excessively traded in a senior customer’s account. The customer relied on Krapf’s advice in every sale, giving Krapf de facto control over the customer’s account. This was in violation of Rule 15l-1 of the Securities Exchange Act of 1934, known as Regulation Best Interest (Reg BI). Krapf’s trading in the customer’s account generated total trading costs of $96,496, including $92,847 in commissions, leading to $41,017 in total realized losses.Jesse Krapf (CRD# 5467277) is a former registered broker last employed with SPARTAN CAPITAL SECURITIES, LLC (CRD# 146251) of New York, NY. His previous employers include Benchmark Investments, Inc. (CRD# 103792), Newbridge Securities Corporation (CRD# 104065), and Columbus Advisory Group, LTD. (CRD# 126331), all of New York. Three of his eleven previous employers have been expelled by FINRA. He has been in the industry since 2008. Continue reading ›

|

Francisco M Gomez (CRD# 6289883) is a former registered broker last employed with LPL Financial LLC (CRD# 6413) of Fate, TX. He was previously employed with BBVA Securities Inc. (CRD# 27060) of Mesquite, TX. He has been in the industry since 2016. Gomez has one customer dispute, dated 9/15/2025. The customer alleged that Gomez “Sold annuities in 2020 without disclosing all material terms. Client also provided loans below market rates to entities allegedly affiliated with advisor.” The customer requested damages of $395,869.90, and the dispute was settled for $190,000. LPL Financial permitted Gomez to resign on 11/5/2025 amid allegations that he “Failed to disclose and receive prior approval for loans from customer; failed to disclose and receive prior approval for outside business activities; and used an unapproved messaging platform to transmit business-related communications.” Following his discharge, FINRA began an investigation into his business dealings and requested information from Gomez. When he failed to respond to these requests, FINRA issued a three-month suspension effective 4/6/2026. If Gomez fails to respond to FINRA’s requests by 6/16/2026, he will be permanently barred from any association with any FINRA member in any capacity.Francisco M Gomez (CRD# 6289883) is a former registered broker last employed with LPL Financial LLC (CRD# 6413) of Fate, TX. He was previously employed with BBVA Securities Inc. (CRD# 27060) of Mesquite, TX. He has been in the industry since 2016. Continue reading ›

Contact Information
Main Office
11780 W Sample Rd
Coral Springs, FL 33065
Phone: (954) 755-4799Fax: (954) 755-4684
New York Office
229 W 36th St 8th Floor
New York, NY 10018
Phone: (212) 377-5227
Florida Office
4755 Technology Way #205
Boca Raton, FL 33431
Phone: (561) 665-8613
ATTORNEY ADVERTISING

Visit our Florida Securities Whistleblower Website

We serve clients nationwide including, but not limited to, those in the following localities: Atlanta, Baltimore, Boston, Chicago, Dallas–Fort Worth, Denver, Detroit, Houston, Los Angeles, Miami, New York City, Philadelphia, Phoenix, San Bernardino-Riverside, San Diego, San Francisco, Seattle, St. Louis, Tampa–St. Petersburg, and Washington, D.C. View More

California Consumer Privacy Act (CCPA) Opt-Out IconYour Privacy Choices Cookie Policy Manage Cookies

Please do not include any confidential or sensitive information in a contact form, text message, or voicemail. The contact form sends information by non-encrypted email, which is not secure. Submitting a contact form, sending a text message, making a phone call, or leaving a voicemail does not create an attorney-client relationship.

Copyright © 2026, Silver Law Group
JUSTIA Law Firm Blog Design