Securities Lawyer Blog | Victim of Fraud?

TAG | brokers failure to protect confidential information

Oct/11

19

Weston, Florida, Broker Jeffrey Scott Donner, Named in FINRA Complaint

Comments off · Posted by Securities Lawyer in FINRA

Jeffrey Scott Donner (CRD #2631248, Registered Principal, Weston, Florida)
 
was named as a respondent in a FINRA complaint alleging that he executed transactions in the accounts of customers at his member firm without their prior knowledge, authorization or consent.
 
This complaint alleges that Donner exercised discretion in a customer’s account and
effected securities transactions without the the customer’s prior written authorization or his firm’s written acceptance of the account as discretionary. The complaint also alleges that Donner’s firm did not permit discretion to be utilized in retail brokerage accounts.
 
Further, the complaint alleges that while Donner was registered with his firm, he exchanged business-related emails with customers, using a personal email account that the firm did not approve, and Donner did not forward to his firm any of the emails sent to or received from customers at his personal email address contrary to his firm’s WSPs that require email communication between registered representatives and customers be reviewed by the firm. In addition, the complaint alleges that by using his personal email address to communicate with customers, Donner prevented his firm from accessing these customer communications and complying with its obligations to review correspondence between registered representatives and their customers.
 
The complaint alleges that by using his personal email address to communicate with customers and failing to forward the customer communications to his firm, Donner prevented the firm from complying with its recordkeeping requirements. (FINRA Case #2009020228501)
 
This information was obtained on FINRA’s website under “Disciplinary Actions,” October, 2011.

Securities Attorney, Lars Soreide, of Soreide Law Group, PLLC, has represented clients nationwide. If you or a family ember have sustained a stock/securities loss through Jeffrey Scott Donner of Weston, FL, call a Securities Arbitration Lawyer for a free consultation on how to potentially recover your losses.  To speak with an attorney, call 888-760-6552, or visit www.securitieslawyer.com

Soreide Law Group, PLLC., representing investors nationwide before FINRA  the Financial Industry Regulatory Authority.

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Oct/11

19

Mark Alan Weber of Palm City, FL, Fined and Suspended by FINRA

Comments off · Posted by Securities Lawyer in FINRA

Mark Alan Weber (CRD #2322177, Registered Representative, Palm City, 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 10 business days.
 
Without admitting or denying the findings, Weber consented to the described sanctions and to the entry of findings that he exercised discretion in customers’ accounts. The findings stated that although each of the customers had given Weber verbal authorization to use discretion in their accounts, Weber did not obtain the customers’ prior written authorization or his member firm’s written acceptance of the accounts as discretionary.
 
The findings also stated that the firm did not permit discretion to be utilized in retail
brokerage accounts. The suspension was in effect from September 6, 2011, through September 19, 2011. (FINRA Case #2008015184801)
 
This article was obtained on FINRA’s website under ‘Disciplinary Actions’ Oct. 2011.

Securities Attorney, Lars Soreide, of Soreide Law Group, PLLC, has represented clients nationwide. If you or a family member have sustained a stock/securities loss through Mark Alan Weber, call a Securities Arbitration Lawyer for a free consultation on how to potentially recover your losses.  To speak with an attorney, call 888-760-6552, or visit www.securitieslawyer.com

Soreide Law Group, PLLC., representing investors nationwide before FINRA  the Financial Industry Regulatory Authority.

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