Losses from Rick Konecny? The Financial Industry Regulatory Authority (“FINRA”) reports troubling disclosures from securities broker Rick Konecny (CRD#: 1727785, Chicago, Illinois). Evidently, the securities broker, who recently worked for J.P. Morgan Securities LLC (July 2013 to April 2016), discloses three regulatory sanctions, including a permanent bar from the securities industry by FINRA, along with […]

Broker JIM HEAFNER Barred By FINRA The Financial Industry Regulatory Authority (“FINRA”) indefinitely barred Taylor Capital Management Inc. securities broker Jim Heafner (CRD#: 4837072, Charlotte, North Carolina). Evidently, in a Letter of Acceptance, Waiver and Consent (“AWC”) #: 2018059962701, which was executed by Heafner June 6, 2019 and accepted by FINRA July 30, 2019, Heafner […]

JAMES BOOTH Barred From Securities Industry Investor Alert! The Financial Industry Regulatory Authority (“FINRA”) barred LPL Financial LLC securities broker James Booth (CRD#: 1906145, Norwalk, Connecticut) for conversion. Evidently, Booth executed a Letter of Acceptance, Waiver and Consent (“AWC”) #: 2019062787101 on June 26, 2019, which FINRA accepted July 1, 2019. This AWC contains findings […]

MARCUS DEBAISE Recommend Unsuitable Investments? The Financial Industry Regulatory Authority (“FINRA”) shows on BrokerCheck that client disputes keep piling on for barred Wells Fargo securities broker, Marcus Debaise (CRD#: 2404266, Glastonbury, Connecticut). Indeed, at least 44 clients filed complaints or arbitration actions about Debaise. 10 of the 44 client disputes come after FINRA announced that […]

WALTER CLARK Sell You Unsuitable Investments? The Financial Industry Regulatory Authority (FINRA) reports on BrokerCheck that clients have disputed the sales practices of Wilmington Capital Securities broker, Walter Clark (CRD#:1803139, Columbia Maryland). Notably, since March 8, 2018, three clients brought disputes about the broker. Those claims come after FINRA permanently barred Clark from acting as […]

MARK SACHSE Barred By FINRA The Financial Industry Regulatory Authority (“FINRA”) barred Ameriprise Financial Services Inc. broker Mark Sachse (CRD#: 5155260, Overland Park, Kansas) for not complying with a FINRA probe. Notably, the FINRA BrokerCheck Report for Sachse shows that FINRA made a “request for information” which Sachse failed to answer. Supposedly, FINRA inquired into […]

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 […]