JOHN SCHMIDT Sentenced To Prison For Securities Fraud Wells Fargo Advisors securities broker John Schmidt (CRD#: 708094, Dayton, Ohio) will reportedly serve 5 years in prison for securities fraud. Notably, the broker, whom Wells Fargo disaffiliated with on October 24, 2017, was convicted of 128 felony counts relating to fraud and forgery. It appears Schmidt […]

SEAN BRADY Barred, Sued By Investors The Financial Industry Regulatory Authority (“FINRA”) barred First Allied Securities Inc. broker Sean Brady (CRD#: 4365173, St. Louis, Missouri). Evidently, Brady – who First Allied discharged on November 15, 2017 for falsifying clients’ documents – evidently stonewalled a FINRA investigation. That investigation supposedly concerned Brady’s sales practice violations at […]

ROBERT LAWSON Barred by SEC and FINRA The SEC barred Lawson Financial Corporation (“LFC”) founder and CEO Robert Lawson (CRD#: 501167, Phoenix, Arizona) for committing fraud. Evidently, on April 5, 2017, SEC issued an Order instructing Lawson – who worked for the securities firm from 1984 to 2017 – to pay nearly $100,000 in fines […]

NICOLAS BARRIOS Expelled By FINRA The Financial Industry Regulatory Authority (“FINRA”) announced it expelled UBS Financial Services Inc. securities broker Nicolas Barrios (CRD#: 2122824, Winter Haven, Florida). Evidently, Barrios – who worked for UBS as a Production Branch Manager from November 14, 2008 to May 15, 2019 – consented to the sanction of a bar […]

GEORGE CRAIG MERHOFF Barred By FINRA The Financial Industry Regulatory Authority (“FINRA”) confirmed June 14, 2019 that it barred Cetera Advisors LLC securities broker George Craig Merhoff Jr. (CRD#: 2918171, Klamath Falls, Oregon) from the securities industry. Evidently, Merhoff executed Letter of Acceptance, Waiver, and Consent (“AWC”) #:2018057331001 on June 3; FINRA accepted it June […]

RAND HECKLER Barred By FINRA The Financial Industry Regulatory Authority (“FINRA”) announced it has barred Benjamin & Jerold Brokerage I LLC securities broker Rand Heckler (CRD#: 2689235, Glen Cove, New York) from the securities industry for violating FINRA Rules by not responding to FINRA’s requests when under investigation. Supposedly, Heckler, A Benjamin & Jerold broker […]

JAMES LYONS Cause Your Investment Losses?  Soreide Law Group is reviewing possible claims on behalf of investors who lost money investing with Raymond James & Associates, Inc. (“Raymond James”) securities broker James Lyons (CRD#: 1020397, Shreveport, Louisiana), who FINRA barred on June 4, 2018. Notably, the Financial industry Regulatory Authority (“FINRA”) shows that at least […]

ALERT!WINDSOR STREET CAPITAL Expelled For Fraudulent Scheme The Financial Industry Regulatory Authority (“FINRA”) Office of Hearing Officers issued a Default Decision #:2016048912703 on May 28, 2019, expelling Windsor Street Capital and barring two of its employees, Arthur Tacopino and Edwin Rodriguez. FINRA stated that Windsor Street, among other things, committed a fraudulent scheme which caused […]

JASON NELSON Barred By FINRA The Financial Industry Regulatory Authority (“FINRA”) barred LPL Financial LLC securities broker Jason Nelson (CRD#: 4824535, Tremonton, Utah). Evidently, Nelson submitted a Letter of Acceptance, Waiver and Consent (“AWC”) on May 30, 2019, which FINRA accepted on June 6, 2019.  Notably, FINRA says that Nelson violated FINRA Rules by refusing […]