A National Securities Arbitration & Investment Fraud Law Firm

$70 MILLION Recovery for Investment Fraud
$44 MILLION Recovery for Ponzi Scheme Victims
$25 MILLION Recovery Against National Brokerage Firm
$9.1 MILLION FINRA Arbitration Award Against Brokerage Firm
$7.9 MILLION Securities Arbitration Award Against Stockbroker
$1 MILLION Securities Arbitration Award for Elder Financial Fraud
American Association for Jusice
Florida Legal Elite 2011
Legal Leaders
5th Annual Most Effective Lawyers 2009
Multi-Million Dollar Advocates Forum
Super-Lawyers
SFLG
Top 100
Public Justice

|

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.

Continue reading ›

|

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.

Continue reading ›

|

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

Continue reading ›

|

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. Magruder is the subject of ten disclosures, five of which are customer disputes. In the first dispute, dated 7/3/2024, the client alleged that Magruder requested a loan, which they agreed to and made. The client requested damages of $175,000, and the claim was settled for $$189,259.57.

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

Continue reading ›

|

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.

Continue reading ›

|

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

Continue reading ›

|

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. During the same time frame, IFG failed to supervise one broker that churned, or excessively traded, five customer accounts and violated FINRA Rules 3110 and 2010. From September 2022 through April 2024, IFG also made “late and incomplete responses” to a FINRA Rule 8210 request violating FINRA Rules 8210 and 2010.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. Concourse Financial discharged Thompson on 10/6/2023 for engaging in outside business activity (OBA) without the firm’s approval and written consent. On February 1, 2023, Thompson sought pre-approval from Concourse Financial Group to work as a business development officer at an external bank. Concourse Financial Group denied his request.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 ›

|

Richard Mireles (Richard Randy Mireles CRD# 5288651) is a currently registered broker and investment advisor with  Independent Financial Group, LLC (CRD# 7717) of San Diego, CA. He was previously registered with Western Financial Advisors (CRD# 35098), also of San Diego. He has been in the industry since 2007. In the disciplinary action, FINRA detailed how from July 2020 and December 2022, despite notifications from lower-level managers, Mireles did not respond or act on “red flags” escalated to him. These red flags were for a registered representative who had traded excessively in five customer accounts during this period. Multiple trades were repeatedly “red-flagged” for this representative. The parameters were designed to notify the firm of solicited trades with high principal amounts.Richard Mireles (Richard Randy Mireles CRD# 5288651) is a currently registered broker and investment advisor with  Independent Financial Group, LLC (CRD# 7717) of San Diego, CA. He was previously registered with Western Financial Advisors (CRD# 35098), also of San Diego. He has been in the industry since 2007. Continue reading ›

Contact Information
Main Office
11780 W Sample Rd
Coral Springs, FL 33065
Phone: (954) 755-4799Fax: (954) 755-4684
New York Office
229 W 36th St 8th Floor
New York, NY 10018
Phone: (212) 377-5227
Florida Office
4755 Technology Way #205
Boca Raton, FL 33431
Phone: (561) 665-8613
ATTORNEY ADVERTISING

Visit our Florida Securities Whistleblower Website

We serve clients nationwide including, but not limited to, those in the following localities: Atlanta, Baltimore, Boston, Chicago, Dallas–Fort Worth, Denver, Detroit, Houston, Los Angeles, Miami, New York City, Philadelphia, Phoenix, San Bernardino-Riverside, San Diego, San Francisco, Seattle, St. Louis, Tampa–St. Petersburg, and Washington, D.C. View More

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Please do not include any confidential or sensitive information in a contact form, text message, or voicemail. The contact form sends information by non-encrypted email, which is not secure. Submitting a contact form, sending a text message, making a phone call, or leaving a voicemail does not create an attorney-client relationship.

Copyright © 2026, Silver Law Group
JUSTIA Law Firm Blog Design