Securities Arbitration Lawyers Blog
FINRA Suspends Registered Individuals For Violations Of FINRA Rules October 2023
According to FINRA Disciplinary actions for October 2023, 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 |
| Daniel Ditch | PFS Investments Inc. |
| Stephen Jones | Equitable Advisors, LLC |
| Robert Luley Jr. | Pruco Securities LLC |
| Madison Avenue Securities, LLC | |
| Jack McBride | Newbridge Securities Corporation |
| B. Riley Wealth Management | |
| Hector Negrete | Transamerica Financial Advisors, Inc. |
| World Group Securities, Inc. | |
| Shawn O’Connell | Morgan Stanley |
| Merrill Lynch, Pierce ,Fenner & Smith Incorporated | |
| Steven Thompson | Network 1 Financial Securities Inc. |
| SW Financial |
Forensic financial research group Hindenburg Research has just published a 
Silver Law Group represents Northstar Financial Services (Bermuda) investors on a contingency fee basis in claims to recover their investment losses. Brokers allegedly sold Northstar Bermuda to investors as a low risk alternative to CDs that protected their principal and guaranteed income. But the company is now in liquidation, leaving investors unable to access their funds.