SEC News
- SEC Charges Chicago-Area Father and Son Conducted Cherry-Picking Scheme at Investment Firm May 16, 2013FOR IMMEDIATE RELEASE2013-90 Washington, D.C., May 16, 2013 — The Securities and Exchange Commission today charged a father and son and their Chicago-area investment advisory firm with defrauding clients through a cherry-picking scheme that garnered them nearly $2 million in illicit profits, which they spent on luxury homes, vehicles, and vacations. Addition […]
- SEC Names Keith F. Higgins as Director of Division of Corporation Finance May 15, 2013FOR IMMEDIATE RELEASE2013-89 Washington, D.C., May 15, 2013 — The Securities and Exchange Commission today named Keith F. Higgins as the new director of the agency’s Division of Corporation Finance. Mr. Higgins comes to the SEC from the law firm of Ropes & Gray LLP where he is a partner in its Boston office with 30 years of experience advising public com […]
- SEC Names Lona Nallengara as Chief of Staff May 15, 2013FOR IMMEDIATE RELEASE2013-88 Washington, D.C., May 15, 2013 — The Securities and Exchange Commission today announced that Lona Nallengara has been named the agency’s chief of staff. Mr. Nallengara came to the SEC in March 2011 and served as deputy director for legal and regulatory policy in the Division of Corporation Finance until he was appointed in Decemb […]
- SEC Charges China-Based Executives in Scheme to Overstate Revenues and Divert Money for Personal Use May 15, 2013FOR IMMEDIATE RELEASE2013-87 Washington, D.C., May 15, 2013 — The Securities and Exchange Commission today charged husband-and-wife executives at a China-based company with engaging in a scheme to overstate the company’s revenues and divert proceeds from a securities offering for their personal use. Additional Materials SEC Complaint The SEC alleges that RIN […]
- SEC, FINRA Issue Investor Alert On Pension or Settlement Income Streams May 9, 2013FOR IMMEDIATE RELEASE2013-86 Washington, D.C., May 9, 2013 — The Securities and Exchange Commission and the Financial Industry Regulatory Authority (FINRA) today issued an investor alert entitled Pension or Settlement Income Streams – What You Need to Know Before Buying or Selling Them. The investor alert informs investors about the risks involved when selli […]
TAG | Brent Robert Bishop
19
Brent Robert Bishop, Tulsa, Barred by FINRA
Comments off · Posted by Securities Lawyer in FINRA
Brent Robert Bishop (CRD #2348912, Registered Principal, Tulsa, Oklahoma)
has been barred from association with any FINRA member in any capacity and ordered to pay restitution in the total amount of $58,000, plus interest, to customers.
These sanctions were based on FINRA’s findings that Bishop misappropriated funds from his member firm’s customers by intentionally converting $40,000 from the customers, for phony investments with false investment certificates he provided, and using the funds for his own personal use.
FINRA’s findings stated that Bishop’s firm reimbursed, or offered to reimburse, some of the customers. Bishop borrowed a total of $74,000 from firm’s customers contrary to his firm’s written policy prohibiting its registered representatives from borrowing money from customers other than immediate family members, none being family members.
The FINRA findings also included that Bishop’s firm did not preapprove in writing any of the loan transactions and he never sought the firm’s permission to borrow money from customers. Bishop has not repaid the loans from his customers. FINRA found that Bishop failed to respond to FINRA requests for information and to appear for a FINRA interview.
(FINRA Case #2010021827701)
This information was on FINRA’s website under “Disciplinary and Other FINRA Actions, June, 2012.
Securities Lawyer, Lars K. Soreide, of Soreide Law Group, PLLC, has represented clients nationwide. If you or a loved one have sustained investment losses due to Brent Robert Bishop, your stock broker/dealer, or financial advisor’s recommendations, call for a free consultation on how to potentially recover your losses. To speak with an attorney call 888-760-6552, or visit our website at: http://www.securitieslawyer.com.
Brent Bishop barred by FINRA · Brent Robert Bishop · Brent Robert Bishop Tulsa OK · broker borrowing from customer who was not family member · broker borrowing money from customer · broker not getting approval from firm to borrow money from client · broker not paying back loans from customers · broker theft from customers · brokerage supervisory deficiencies · failure to supervise brokers · Financial Industry Regulatory Authority · FINRA · FINRA arbitration · finra securities arbitration · fort lauderdale securities fraud lawyer · inadequate supervisory procedures by broker/dealers · Lars K. Soreide · securities lawyer · Soreide Law Group PLLC · stock broker fraud · Stock fraud lawyer · stock loss · supervisory failures
