Securities Arbitration Lawyers Blog
FINRA Bars Stockbrokers For Failing To Provide FINRA With Information May 2024
According to FINRA Disciplinary actions for May 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 |
| Kwame Aduesi | Morgan Stanley |
| J.P. Morgan Securities LLC | |
| Brittany Anderson | |
| Gianluca De Berardinis | Morgan Stanley |
| Quad Capital, LLC | |
| Brian Hill | |
| Monu Joseph | Rosenblatt Securities Inc. |
| CIBC World Markets Corp. | |
| Quintosha Thomas |
![“The arbitrators in these FINRA claims over the past decade have been seeing cases around product suitability for the clients,” Scott said. “A lot of them involve these illiquid alternative investments like GWG bonds.”
Mr. Silver continued, “The question is why anyone would recommend this product to a client. This case is not about the customer, it’s about the product. The arbitrators appear shocked to hear billions of dollars of this stuff is sold.”
These investments were never suitable for individual investors, but that didn’t stop brokers and broker-dealers from selling them. In the continuing fallout over L-Bonds, investors have been filing FINRA arbitration claims against the broker-dealers who sold the L-Bonds to them. FINRA arbitrator Richard Kent Mahrle commented that based on the company’s shaky financial situation, L-Bonds were “not a suitable investment for the [client,] or perhaps anyone.”](https://www.silverlaw.com/blog/wp-content/uploads/2022/01/GWG02.jpg)
Kwame Adusei (CRD#: 
Silver Law Group is investigating claims on behalf of stockholders who lost 95% of the principal they invested in funds offered by Hatteras Investment Partners LP after Hatteras sold their funds to The Beneficient Company in 2021.