LEON WILLIAM VACCARELLI CRD#: 3227636, a 41 year-old financial advisor formerly with THE INVESTMENT CENTER of Waterbury, Connecticut, was charged with fraud and money laundering in a 12-count indictment in federal court. The charges against Vaccarelli include three counts of mail fraud, six counts of wire fraud, and three counts of money laundering. Leon Vaccarelli […]

Aclient of broker, MICHAEL JAMES KEANE (MICHAEL J KEANE) CRD#: 265697, and UBS of Melville, NY, was granted damages by the Financial Industry Regulatory Authority Inc. (FINRA) of $805,120. This is just the latest payment Keane faced in the past several years to satisfy client complaints. According to FINRA in this instance, from approximately May […]

JAMES S POLESE CRD#: 2636427, a 51 year-old Boston-area former Morgan Stanley investment advisor, pleaded guilty April 26, 2018, in federal court in Boston to one count of conspiracy and investment advisor fraud, eight counts of bank fraud, and one count of aggravated identity theft. Sentencing is scheduled for August 2, 2018. Polese, of Wenham, […]

Park Avenue Securities, LLC, was fined $300,000.00 and censured by the Financial Industry Regulatory Authority Inc. (FINRA) for its supervision of variable annuity (VA) sales. According to FINRA, from Jan. 1, 2013 through March 3, 2015, Park Avenue Securities allegedly "failed to establish, maintain and enforce a supervisory system and written supervisory procedures reasonably designed […]

Soreide Law Group, representing clients nationwide before FINRA, obtained the following information from the April 2018 Disciplinary Report from FINRA:  Guy Charles Conger (CRD #2280420, San Antonio, Texas) was assessed a deferred fine of $15,000 and suspended from association with any FINRA member in all capacities for six months for allegedly using discretion to place […]

Soreide Law Group, based in Florida, obtained the following information from FINRA’s website on Florida broker:  Jeffrey E. Krupnick (CRD #4307569, Sarasota, Florida)   An Office of Hearing Officers’ (OHO) decision became final in which Jeffrey E. Krupnick was barred from association with any FINRA member in all capacities. This FINRA sanction was based on […]

Florida-based Soreide Law Group obtained the following on from FINRA’s April 2018 Disciplinary Report on Florida broker: JODIE ANN LAMARRE (JODIE ANN GINGERICH, JODIE ANN LAMARRE MS) (CRD #2127928, Sarasota, Florida) LaMarre was assessed a deferred fine of $10,000 and suspended by FINRA for one year for allegedly recommending an unsuitable strategy involving the consolidation […]

Soreide Law Group, based in Florida, obtained the following information from FINRA’s April 2018 Disciplinary Report on Florida broker: Heather Xanthe VanLandingham (CRD #5343446, Odessa, Florida) was fined $5,000 and suspended by FINRA for 20 business days for allegedly effecting transactions in a client’s account at her member firm without the client’s knowledge or authorization. […]

LI-LIN HSU (YILIN HSU) CRD#: 4706509, a former Ameriprise Financial broker from Los Angeles, was arrested by the FBI last week on charges of federal fraud and money laundering. Hsu’s alleged scheme cost at least eleven of her former Ameriprise clients approximately $2 million. The U.S. Attorney’s office in the Central District of California said […]