Securities Arbitration Lawyers Blog
FINRA Suspends Stockbrokers For Failing To Comply With FINRA Arbitration Award Or Settlement Agreement April, 2025
According to FINRA Disciplinary actions for April 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 |
| Eric Jason Abrahams | Burch & Company |
| Raymond James & Associates, Inc. | |
| James Burchett Cross | Charles Schwab & Co. Inc. |
| Commerce Brokerage Services Inc | |
| Michael Fasciglione | Aegis Capital Corp |
| National Securities Corp. | |
| Jason Michael Fekete | Ameritas Investment Company LLC |
| Lincoln Financial Securities | |
| Jeremy W. Fortner | Wells Fargo Clearing Services |
| J. P. Morgan Securities LLC | |
| Todd Loring Luft | B. Riley Wealth Management |
| Ameriprise Financial Services LLC | |
| Andrew Garrett Mandala | Burch & Company |
| Raymond James & Associates Inc. | |
| James J. Mariani | Aegis Capital Corp. |
| National Securities Corporation | |
| Amy Leanne Marx | Osaic Wealth Inc. |
| Park Ave Securities LLC | |
| Daniella R. Rand | International Assets Advisory LLC |
| Merrill Lynch, Pierce, Fenner | |
| Ruben Trujillo | Wells Fargo Clearing Services LLC |
| PNC Investments |
If you invested in the 352 Capital Fund through Jefferies Financial Group Inc., contact Silver Law Group for a no-cost consultation at 800-975-4353 to discuss your potential options.
Silver Law Group is investigating an alleged scheme to defraud 3|5|2 Capital ABS Master Fund LP (the “352 Fund”), which is a hedge fund that was part of Jefferies Financial Group’s Leucadia Asset Management (“Leucadia”). The former Leucadia portfolio manager of the 352 Fund, Jordan Chirico, was indicted for purportedly engaging in a series of conflicted transactions at the expense of those who entrusted Leucadia with hundreds of millions of dollars to invest in the 352 Fund. 
Silver Law Group, along with co-counsel, filed a class action lawsuit against Jerry Hostetter, Buck Joffrey, Randall Leaman, and David Zook on behalf of investors to recover losses in what the Plaintiff alleges was a “$700,000,000 Ponzi scheme perpetrated by and through a series of investment funds, called the ‘Prestige Fund(s),’ together with Paramount Management Group, LLC.” 
Silver Law Group is investigating potential claims to recover losses for Easterly ROCMuni High Income Municipal Bond Fund (RMHIX) investors. The fund has lost over 50% of its value in 2025, sustaining the majority of losses in the past few months.![Stewart Ginn (a/k/a Stewart Taylor or Paxton Ginn Jr.), who is the owner of Paxton Financial Services, has been a broker Independent Financial Group, LLC since 2015. In 2023 Ginn was suspended by FINRA after FINRA found that Ginn “excessively traded five customers’ accounts” even though “[n]one of the five customers was an aggressive investor” and “three of the customers were retired seniors,” resulting in millions of dollars in losses.
According to the Financial Industry Regulatory Authority (FINRA), such misconduct violated FINRA Rules and Regulation Best Interest.
As a result, Ginn was suspended from acting as a FINRA broker for 18 months, was fined $50,000, and was ordered to pay restitution of $115,000 plus interest.](https://www.silverlaw.com/blog/wp-content/uploads/2025/08/Blog-Graphics15.png)
Stewart Ginn (a/k/a Stewart Taylor or Paxton Ginn Jr.), who is the owner of Paxton Financial Services, has been a broker Independent Financial Group, LLC since 2015. In 2023 Ginn was suspended by FINRA after FINRA found that Ginn “excessively traded five customers’ accounts” even though “[n]one of the five customers was an aggressive investor” and “three of the customers were retired seniors,” resulting in millions of dollars in losses.