SEC News
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- 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 […]
TAG | failure to provide testimony to FINRA
Soreide Law Group, PLLC, a Securities Arbitration Law Firm, (888) 760-6552, found the following information on FINRA’s website under “Disciplinary and Other FINRA Actions, March, 2013.”
Glen Edward Smith Jr. (CRD #1023145, Registered Principal, Lake Worth, Florida)
was barred from association with any FINRA member in any capacity. Without admitting or denying the allegations, Smith consented to the described sanction and to the entry of findings that he failed to respond to FINRA requests to appear and testify regarding information needed regarding his disclosed outside business activity, and his involvement in its sale of the entity’s collateralized notes.
FINRA’s findings stated that Smith’s failure to respond impeded FINRA’s investigation and prevented FINRA from completing its regulatory responsibility to fully investigate potential rule violations.
(FINRA Case #2011028081101)
The following information is from FINRA’s BrokerCheck:
Glen Edward Smith Jr was previously registered with FINRA at the following brokerage firms:
CAPSTONE PARTNERS, L.C.
CRD# 35784
ATLANTA, GA
04/1999 – 03/2011
HARDMAN FINANCIAL SERVICES, INC.
CRD# 35298
WEST PALM BEACH, FL
09/2000 – 04/2002
AMERICAN FIRST CAPITAL CORP.
CRD# 43751
MIAMI, FL
05/2000 – 09/2000
This ends the information from FINRA’s website.
Call Soreide Law Group, a Securities Arbitration Law Firm, for a free consultation with an attorney on how to potentially recover your investment losses at 888-760-6552.
AMERICAN FIRST CAPITAL CORP · broker outside business activity · CAPSTONE PARTNERS · collateralized notes · failure to provide testimony to FINRA · Glen Edward Smith Jr · Glen Edward Smith Jr Barred by FINRA · Glen Edward Smith Jr Lake Worth FL · HARDMAN FINANCIAL SERVICES
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Sean K. Hannon, North Carolina Rep Barred by FINRA
Comments off · Posted by Securities Lawyer in FINRA
Sean K. Hannon (CRD #4296260, Registered Representative, Cary, North Carolina)
has submitted an Offer of Settlement in which he was barred from association with any FINRA member in any capacity.
Hannan, without admitting or denying FINRA’s allegations, consented to the described sanction and to the entry of findings that he failed to provide investigative testimony regarding allegations of misconduct asserted against him in two arbitrations filed against him.
(FINRA Case #2010022695501 )
This information was found on FINRA’s website under “Disciplinary and Other Actions, June, 2012.
Sean K. Hannan is listed as a “financial advisor for EPIC Advisors LLC.”
Soreide Law Group, PLLC, has represented clients before FINRA nationwide. If you or a family member have sustained investment losses because of 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.
Broker failure to respond to FINRA requsest for information · brokerage supervisory deficiencies · EPIC advisors LLC · EPIC Sean Hannon · failure to provide investigative testimony to FINRA · failure to provide testimony to FINRA · failure to supervise brokers · Financial Industry Regulatory Authority · FINRA · FINRA arbitration · FINRA brokercheck · finra lawyer · Ft. Lauderdale Securities Lawyer · inadequate supervisory procedures by broker/dealers · Lars K. Soreide · Sean Hannon barred by FINRA · Sean Hannon Cary NC · Sean K Hannon · securities arbitraton lawyer · Stock fraud lawyer · stock loss · stockbroker misconduct
The following information is from FINRA’s website under, “Disciplinary and Other FINRA Actions, May, 2012.”
Philip Christopher Crescimanno (CRD #4412658, Registered Representative, Land O’Lakes, Florida)
submitted an Offer of Settlement in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the allegations, Crescimanno consented to the described sanction and to the entry of findings that he operated an outside business without providing prompt written notice to his member firm and failed to obtain the firm’s approval.
These findings stated that by failing to report that he was an officer of his company and was involved in its operation, Crescimanno failed to comply with firm policies and procedures.
The findings also stated that Crescimanno failed to provide on-the-record testimony, materially impeding FINRA’s investigation.
(FINRA Case #2010021164401)
This ends the information from FINRA’s website.
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