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 | misrepresentations and omissions to client by broker
Daniel Edward Becerril II (CRD #4489715, Registered Representative, Huntington Beach, California)
has been barred from association with any FINRA member in any capacity and this sanction was based on FINRA’s findings that Becerril made willful misrepresentations and omissions to his customer by telling her that he would invest an $11,500 inheritance in a mutual fund, when in fact he deposited the funds in an account that he controlled, and converted the funds to his own use.
FINRA’s findings stated that Becerril misused his customer’s funds and engaged in an extended course of misconduct to avoid and postpone the return of the customer’s funds.
These findings also stated that Becerril failed to produce documents FINRA requested during an on-the-record interview.
(FINRA Case #2009018944001)
This information was obtained on FINRA’s website under “Disciplinary and Other Actions, June, 2012.”
broker misrepresenting funds · broker taking funds from client · broker theft from customers · brokers recommending risky investments · Daniel Becerril · Daniel Edward Becerrill II Huntington Beach CA · failure to disclose information to FINRA · failure to produce documents for FINRA · failure to return money to client by broker · failure to supervise brokers · Financial Industry Regulatory Authority · FINRA · FINRA arbitration · finra lawyer · finra securities arbitration · Ft. Lauderdale Securities Lawyer · inadequate supervisory procedures by broker/dealers · investment fraud · Lars K. Soreide · misrepresentations and omissions by brokers · misrepresentations and omissions to client by broker · Soreide Law Group PLLC · Stock fraud lawyer
