A National Securities Arbitration & Investment Fraud Law Firm
According to FINRA Disciplinary actions for February 2025, 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 |
| Robert Franden | Raymond James & Associates, Inc. |
| Morgan Stanley |
According to FINRA Disciplinary actions for January 2025, 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 |
| Sebastian Bongiovanni | Spartan Capital Securities, LLC |
| Newbridge Securities Corporation | |
| Luke Brooks | U.S. Bancorp Investments, Inc. |
According to FINRA Disciplinary actions for January 2025, 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 Barrows | M Stevens Securities, LLC |
| Kingswood Capital Partners, LLC | |
| Eric Ludovico | M Stevens Securities, LLC |
| Kingswood Capital Partners, LLC | |
| Edgar Olmeda | Maximum Financial Investment Group, Inc. |
| Avalon Partners, Inc. | |
| Michael Paesano | Morgan Stanley |
| UBS Financial Servies Inc. | |
| Stephen Pendergast | Wells Fargo Clearing Services, LLC |
| RBC Capital Markets, LLC | |
| Vincent Sharpe | Paulson Investment Company, LLC |
| PHX Financial, Inc. |
According to FINRA Disciplinary actions for January 2025, 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. However, these individuals remain bound by the securities arbitration agreement to arbitrate any disputes between themselves and their former customers:
| NAME | FORMER EMPLOYERS |
| Iam Aguilar | Fidelity Brokerage Services LLC |
| Eunice Carreira | |
| Juan Garcia | J.P. Morgan Securities LLC |
| Wyman Sai | J.P. Morgan Securities LLC |
| Joseph Seidler | RBC Capital Markets, LLC |
| Wells Fargo Clearing Services Inc. | |
| James Turpin | USA Financial Securities Corporation |
| United Planners’ Financial Services of America A Limited Partner |
Michael Edwin Magruder (CRD# 4579211) is a previously registered broker and investment advisor, last employed with Raymond James & Associates, Inc. (CRD# 705) of Orlando, FL. His previous employers include Merrill Lynch, Pierce, Fenner & Smith Incorporated (CRD#:7691) of Destin, FL, Wells Fargo Advisors, LLC (CRD#:19616) of Southlake, TX, and Raymond James & Associates, Inc. (CRD# 705) of Dallas, TX. He has been in the industry since 2003. Continue reading ›
According to FINRA Disciplinary actions for December 2024, 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 |
| Akshita Bhatia | |
| Glenn Colangelo | American Independent Securities Group |
| The O.N. Equity Sales Company | |
| Peter Girgis | SW Financial |
| Worden Capital Management LLC | |
| Matthew Kagan | Merrill Lynch, Pierce, Fenner & Smith Incorporated |
| Northwestern Mutual Investment Services, LLC | |
| Zayed Rodriguez | NYLife Securities LLC |
According to FINRA Disciplinary actions for December 2024, 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. However, these individuals remain bound by the securities arbitration agreement to arbitrate any disputes between themselves and their former customers:
| NAME | FORMER EMPLOYERS |
| Yiu Yeung | Pacific Century Securities, LLC |
| Michael Banks | Morgan Stanley |
| Fidelity Brokerage Services LLC | |
| Joscelyn Cockburn | Innovation Partners LLC |
| FSC Securities Corporation | |
| Luis Jean-Bart | PFS Investments Inc. |
| Peter Lawrence | American Portfolios Financial Services, Inc. |
| Questar Capital Corporation | |
| Emma McAuley | Edward Jones |
| Marques Mcleon | NYLIfe Securities LLC |
| Jennifer Nelson | Edward Jones |
| Robert Ornelas | Northwestern Mutual Investment Services, LLC |
| Edgar Shanoyan | Merrill Lynch, Pierce, Fenner & Smith Incorporated |
| Purshe Kaplan Sterling Investments | |
| Robert Thomas | IBN Financial Services, Inc. |
| Avantax Investment Services, Inc. |
According to FINRA Disciplinary actions for December, 2024, 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 |
| Silvio Borrero | MML Investors Services, LLC |
| Oppenheimer & Co, Inc. | |
| Sevag Haddadian | Wells Fargo Clearing Services, LLC |
| Morgan Stanley | |
| Michael Magruder | Raymond James &Associates, Inc. |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | |
| Anthony Tassone | Wells Fargo Clearing Services, LLC |
| Morgan Stanley |
San Diego, CA-based Independent Financial Group, LLC has been fined and censured by the SEC after the firm failed to establish and follow a supervisory system for supervising the firm’s brokers when handling customer accounts. This failure occurred between July 2020 and December 2022 and included noncompliance with Registration Best Interest and other requirements. Continue reading ›
Robert Thompson (Robert Kennedy Thompson CRD# 1975407, aka, “Bob Thompson”) is a previously registered broker and currently registered investment advisor with Concourse Financial Group Securities, Inc. (CRD# 15708) of Palos Hills, IL. His previous employers include The Concord Equity Group, LLC (CRD# 14569) of Iselin, NJ, Emissary Financial Group, Inc. (CRD# 44568) of Mentor, OH, and Money Concepts Capital Corp (CRD# 12963) of Palm Beach Gardens, FL. He has been in the industry since 1989. Continue reading ›
Securities Arbitration Lawyers Blog