FINRA Bars MICHAEL CASTILLERO After Unauthorized Trading Allegations Surface Michael Alejandro Castillero (CRD#: 4583917, New York, New York) is an ex Alexander Capital, L.P. securities broker who the Financial Industry Regulatory Authority (“FINRA”) barred for refusing to cooperate while under investigation. Specifically, Castillero submitted a Letter of Acceptance, Waiver and Consent (“AWC”) #: 2018058649501 on […]

INVESTOR ALERT: FINRA Bars Foresters Equity Services Broker Michael Rappa For Selling Away The Financial Industry Regulatory Authority (“FINRA”) barred Foresters Equity Services securities representative Michael Rappa (CRD#: 4799159, San Diego, CA) for selling away. Notably, Mr. Rappa, who worked for Foresters Equity Services from 2010 to 2017 – submitted a Letter of Acceptance, Waiver […]

ATTENTION INVESTORS: Losses from Capital Financial Services Broker Steven Knuttila? Financial Industry Regulatory Authority (FINRA) barred Capital Financial Services Inc. broker Steven Roland Knuttila (CRD#: 3039112, Perham, Minnesota) from the securities industry for making bad recommendations to customers. Notably, Mr. Knuttila, who was employed with Capital Financial Services, Inc. between June 4, 2012 and December […]

FINRA Banishes Merrill Lynch’s Christopher Hellman For Stonewalling Investigation The Financial Industry Regulatory Authority (“FINRA”) barred Merrill Lynch securities broker Christopher Charles Hellman (CRD#: 6584084, Boca Raton, Florida) for failing to provide information to FINRA during its investigation of Hellman’s possible private securities transactions and outside business activities. Evidently, Mr. Hellmann submitted a Letter of […]

Merrill Lynch’s Thomas Buck Is Going To Jail For Defrauding Investors Thomas Joseph Buck (CRD#: 1024868, Indianapolis, Indiana), the general securities representative of Merrill Lynch, Pierce, Fenner & Smith Incorporated (“Merrill Lynch”), will go to prison for forty months for committing securities fraud. Supposedly, Buck charged $2,000,000.00 in excessive commissions to customers holding commission-based trading […]

FINRA Bars Morgan Stanley’s Stewart Malloy For Failure To Testify In Investigation Stewart Clinton Malloy (CRD#: 1029931, Riverhead, New York) is a now-terminated Morgan Stanley broker who the Financial Industry Regulatory Authority (“FINRA”) barred on January 19, 2019 for his failure to attend an on-the-record interview during an investigation into his trading practices. Evidently, FINRA’s […]

INVESTOR ALERT: FINRA Bars Floyd Powell For Selling Fraudulent Investments Floyd Earl Powell (CRD#: 2220029, Albertville, Alabama) is a prior MML investors Services, LLC and MSI Financial Services registered representative who the Financial Industry Regulatory Authority (“FINRA”) barred for selling unregistered investments away from the firm. Specifically, FINRA barred Powell pursuant to a Letter of […]

WARNING: Investigation Into Ameritas’ Kristian M. Gaudet’s Possible Conversion Of Customer Funds Kristian M. Gaudet (CRD#: 4190811, Cut Off, Louisiana) is a prior Ameritas Investment Corp. registered representative who Financial Industry Regulatory Authority (“FINRA”) just barred from having any association with a FINRA member. Specifically, Kristian Gaudet submitted a Letter of Acceptance, Waiver and Consent […]

Frank Roland Dietrich Barred by FINRA Frank Dietrich, broker at Quest Capital Strategies, was barred by FINRA for selling fake notes in a real estate Ponzi scheme.  Woodbridge Group filed for bankruptcy last year.  Frank Dietrich allegedly sold investors $10.8 million worth of promissory notes related to real estate holdings.  Frank Roland Dietrich used his […]