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TAG | Broker failure to submit info on Form U4

Jan/13

22

Boca Raton Rep Suspended by FINRA

Comments off · Posted by Securities Lawyer in FINRA

The following information is from FINRA’s website under “Disciplinary and Other FINRA Actions, January, 2013.”

Steven Jay Oshinsky (CRD #2339197, Registered Principal, Boca Raton, Florida)

was suspended from association with any FINRA member in any capacity for one year.

Without admitting or denying FINRA’s allegations, Oshinsky consented to the described sanction and to the entry of findings that he failed
to timely respond to FINRA requests for documents and information to investigate his potential failure to disclose tax liens and outside business activities on his Form U4.

FINRA’s findings stated that Oshinsky’s failure to timely respond impeded FINRA’s investigation.

The suspension is in effect from December 17, 2012, through December 16, 2013.

(FINRA Case #2012030894301)

This ends the information from FINRA’s website.

Securities Lawyer, Lars K. Soreide, of Soreide Law Group, represents clients nationwide before FINRA. If you or a loved one have sustained investment losses due to your stock broker 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.

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Sep/12

18

Tampa Broker Fined and Suspended by FINRA

Comments off · Posted by Securities Lawyer in FINRA

Patrick Alan Deramus (CRD #1718409, Registered Principal, Tampa, Florida)

submitted a Letter of Acceptance, Waiver and Consent in which he was fined $5,000 and suspended from association with any FINRA member in any capacity for six months.

Without admitting or denying the findings, Deramus consented to the described sanctions and to the entry of findings that he failed to timely notify his member firm of a felony charge and guilty plea. The findings stated that
Deramus willfully failed to amend his Form U4 to disclose the felony charge.

This suspension is in effect from July 16, 2012, through January 15, 2013. (FINRA Case #2010024694301)

The above information appears on FINRA’s website under “Disciplinary and Other FINRA Actions, September, 2012.”

Securities Lawyer, Lars K. Soreide, of Soreide Law Group, PLLC, represents clients nationwide. For a free consultation on how to potentially recover your losses call: 888-760-6552, or you may visit our website and complete our online form at: http://www.securitieslawyer.com.

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Aug/12

20

Harold Swart Jr., Kissimmee, FL, Barred by FINRA

Comments off · Posted by Securities Lawyer in FINRA

Harold James Swart Jr. (CRD #2912854, Registered Representative,
Kissimmee, Florida)

was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Swart consented to the described sanction and to the entry of findings that he willfully filed inaccurate Form U4s and failed to make other material disclosures on his Form U4s regarding an SEC suspension as well as a related administrative complaint filed by the State of Florida’s Board of Accountancy.

The FINRA findings also stated Swart failed to disclose his outside business activities to his member firm and his role as compensated registered agent for numerous additional entities.

FINRA’s findings stated that Swart provided a misleading response to FINRA in connection with a request for information concerning whether any of his outside business activities had ever been alleged or accused to have breached any contract, engaged in any type of fraud or misrepresentation, engaged in any unfair or unethical business practice or violated any rule, regulation, statute or ordinance of law. Swart’s response to FINRA was misleading because one of his outside business activities was the subject of several filed lawsuits involving such allegations.

Swart knew, or should have known, about each of these lawsuits, because, he was properly served in each of the cases.

(FINRA Case #2009020083301)

This information was listed on FINRA’s website under “Disciplinary and Other FINRA Actions, August, 2012.”

Soreide Law Group, PLLC, has represented clients nationwide. 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.

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Apr/12

16

Miami Rep Fined and Suspended by FINRA

Comments off · Posted by Securities Lawyer in FINRA

The following information is from FINRA’s website under “Disciplinary Actions, March, 2012:”
 
Dominick Amadeo Zavaglia Jr. (CRD #5500264, Registered Representative, Miami, Florida)
 
submitted a Letter of Acceptance, Waiver and Consent in which he was fined $5,000 and suspended from association with any FINRA member in any capacity for six months. The fine must be paid either immediately upon Zavaglia’s reassociation with a FINRA member firm following his suspension, or prior to the filing of any application or request for relief from any statutory disqualification, whichever is earlier. Without admitting or denying the findings, Zavaglia consented to the described sanctions and to the entry of findings that he willfully failed to timely disclose material facts on his Form U4 and also willfully filed an amendment to his Form U4 that was false and misleading.
 
The suspension is in effect from January 17, 2012, through July 16, 2012.
 (FINRA Case #2011029709701)
 
The information from FINRA’s website has ended.
 
Securities Lawyer, Lars K. Soreide, of Soreide Law Group, PLLC, has represented clients nationwide.
For a free consultation with an attorney, please call 888-760-6552, or visit our website at: www.securitieslawyer.com.

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Feb/12

9

Miami Rep Fined and Suspended by FINRA

Comments off · Posted by Securities Lawyer in FINRA

The following information was obtained on FINRA’s website’s ‘Disciplinary Actions, January 2012.”
 
Dennis Flanagan Jr. (CRD #4199469, Registered Principal, Miami, Florida)
 
submitted an Offer of Settlement in which he was fined $25,000 and suspended from association with any FINRA member in any capacity for two years. The fine must be paid either immediately upon Flanagan’s reassociation with a FINRA member firm following his suspension, or prior to the filing of any application or request for relief from any statutory disqualification, whichever is earlier.
 
Without admitting or denying the allegations, Flanagan consented to the described sanctions and to the entry of findings that he willfully failed to timely disclose material information on his Form U4. The findings stated that Flanagan failed to respond to FINRA requests for documents and information.
 
The suspension is in effect from December 5, 2011, through December 4, 2013.
(FINRA Case #2008011666201)
 
The information from FINRA’s website has ended.
 
Securities Attorney, Lars Soreide, of Soreide Law Group, PLLC, has represented clients nationwide. If you or a family member have sustained investment losses through Dennis Flanagan, Jr. of Miami, FL, or losses due to your stock broker 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: www.securitieslawyer.com.
 
Soreide Law Group, PLLC., representing investors nationwide before FINRA the Financial Industry Regulatory Authority.

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