A National Securities Arbitration & Investment Fraud Law Firm
In a recent press release, the Commodities Futures Trading Division (CFTC) has announced that a Federal Court has ordered a California-based precious metals trading firm to return more than $38 million in fraudulently obtained funds to their company’s customers, and sanctioned it for fraud and violations. Continue reading ›
According to FINRA Disciplinary actions for December 2022, 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 |
| Christ Baltas | Worden Capital Management LLC |
| Wilmington Capital Securities, LLC | |
| Matthew Beaver | Grit Wealth Management, LLC |
| Ameriprise Financial Services, Inc. | |
| Seymour Cohen | Wilmington Capital Securities, LLC |
| Clark Dodge & Co., Inc. | |
| James Kirschner | Cetera Advisors LLC |
| Ameriprise Financial Services, Inc. | |
| Justin Iowe | Broadview International LLC |
| Keith Wakefield | IFS Securities |
| IFS Capital Markets, LLC | |
| Jamie Worden | Worden Capital Management LLC |
| Salomon Whitney LLC |
According to FINRA Disciplinary actions for December 2022, 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 |
| Jay Dougall | Principal Securities, Inc. |
| Waddell & Reed | |
| Beth Landwehr | J.P. Morgan Securities LLC |
| Ameriprise Financial Services, Inc. | |
| Jamie Lemon | |
| Linda Leong | Valic Financial Advisors, Inc. |
| National Planning Corporation | |
| Michael Richie | Fidelity Brokerage Services LLC |
| Edward Von Der Schmidt | Morgan Stanley & Co. LLC |
| RBC Capital Markets, LLC | |
| Cedric Wade | LPL Financial LLC |
| National Planning Corporation |
According to FINRA Disciplinary actions for December 2022, 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 |
| Albert Aviles | Reid & Rudiger LLC |
| Spartan Capital Securities, LLC | |
| Ruth Chambers | Raymond James & Associates, Inc. |
| Mutual Trust Co. of America Securities | |
| Seymour Cohen | Wilmington Capital Securities, LLC |
| Clark Dodge & Co., Inc. | |
| Anthony DiLullo | LPL Financial LLC |
| ING Financial Partners, Inc. | |
| John Fabiano | LPL Financial LLC |
| JD Financial Services Inc. | |
| Samuel Heavrin | J.P. Morgan Securities LLC |
| Austin Lazarus | Merrill Lynch, Pierce, Fenner & Smith Incorporated |
| J.P. Morgan Secvurities LLC | |
| Jason Long | State Farm VP Management Corp. |
| Pamelia Owensby | UBS Financial Services Inc. |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | |
| Alexandra Smith | J.P. Morgan Securities LLC |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated |
It’s not uncommon for employees of nearly any type of business to branch off and form their own company. When that company is a new broker dealer firm and a competitor for the former employer, things get complicated. Especially if that employer is Wells Fargo Advisors. Continue reading ›
Darien Bonney (Darien Euclid Bonney CRD# 4899007) is a former registered broker last employed with MML Investors Services, LLC (CRD#:10409) of Scottsdale, AZ. He was previously employed with NY Life Securities INC. (CRD#:5167), also of Scottsdale. He has been in the industry since 2005. Continue reading ›
Daniel Pita (CRD# 6759879) is a former registered broker last employed with NY Life Securities of Southwest Ranches, FL from 2018 through 2021. He has no other prior registrations with any broker dealer. Continue reading ›
Back in 2019, we blogged about broker Michael Venturino (CRD #5872439), the subject of multiple customer disputes totaling $1.6 million. Since then, he has additional disclosures, including two judgements, a bankruptcy discharge, and of course, more customer disputes. Continue reading ›
According to FINRA Disciplinary actions for November 2022, 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 |
| Michael Botrous | |
| Jaylon Briggs | |
| Johnnie Brown | PFS Investments Inc. |
| Courtney Donella-Sheley | Voya Financial Advisors, Inc. |
| ING Financial Advisers, LLC | |
| Austin Dutton Jr. | American Trust Investment Services, Inc. |
| Primex | |
| Ciara Haro | |
| Monica Laguna | J.P. Morgan Securities LLC |
| Yasmine Mercado | |
| Cory Tinsley | Farmers Financial Solutions, LLC |
| AXA Advisors, LLC | |
| Khalil Watts | J.P. Morgan Securities LLC |
According to FINRA Disciplinary actions for November 2022, 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 |
| Carl Buhr | Wells Fargo Clearing Services, LLC |
| Morgan Stanley | |
| Neil Fineman | First Allied Securities, Inc. |
| Sagepoint Financial, Inc. | |
| Donald Heitz | LPL Financial LLC |
| First Command Fianncial Planning, Inc. | |
| Tim Leissner | Goldman, Sachs & Co. |
| Evan Schottenstein | J.P. Morgan Securities LLC |
| Morgan Stanley | |
| Bruce Smith | The Sports Advisory Group, LLC |
| UBS Financial Services Inc. | |
| David Weigel | Weigel Fiduciary Aset Management LLC |
| RBC Capital Markets, LLC |
Securities Arbitration Lawyers Blog