Fined and Suspended by FINRA

Woodstock Financial Group, Inc. Broker William Bruckner Fined and Suspended by FINRA

June 9, 2017 | Silver Law Group

Allegations of mismarking solicited trades as unsolicited follow this West Palm Beach broker from firm to firm.

William Bruckner is accused of mismarking solicited trades as unsolicited and by doing so, violating his member-firm policy.

Originally employed by Sanford C. Bernstein & Co., LLC in West Palm Beach, Florida from February 2010 to July 2012, Bruckner moved on to employment with Merrill Lynch, Pierce, Fenner & Smith Incorporated in Palm Beach, Florida from July 2012 to May 2016.

Miami Broker Mikell Simmons Fined and Suspended by FINRA

October 14, 2015 | Silver Law Group

Failure to disclose criminal charges results in $5,000 fine and suspension

During a 15-year career in the securities industry, Miami-based broker Mikell Simmons has seen a total of six disclosure events on his official record, the most recent of which includes a one-month suspension and a $5,000 fine.

According to Simmons’ FINRA BrokerCheck record, the Miami broker, most recently registered with Global Strategic Investments, failed to update his U4 form required by the regulatory body with information pertaining to criminal charges brought against him in February 2013 while he was employed by CP Capital Securities. Per FINRA broker requirements “an individual is under a continuing obligation to amend and update information required by Form U4 as changes occur.” As a result, on June 11, 2015, FINRA handed Simmons a one-month suspension along with a $5,000 fine.

Fined and Suspended by FINRA: Douglas J. Dannhardt of Prospera Financial Services, Inc.

August 14, 2015 | Silver Law Group

Broker faces $25,000 fine and 9 month suspension for excessive trading

As a broker in the securities industry for over 29 years, Douglas J. Dannhardt recently settled a FINRA disciplinary action relating to allegations of excessive trading in a customer’s account.

According to the FINRA BrokerCheck website, Dannhardt’s first disclosure event was a customer dispute in June 2012 in which the claimants alleged Dannhardt excessively traded within their accounts, made unsuitable investments, breached their contract, breached his fiduciary duty and failed to supervise their interests. The claim was ultimately settled for $300,000.