Douglas Jay Melzer (aka DUTCH MELZER) (CRD #5438362, Mars, Pennsylvania) was barred by FINRA for allegedly soliciting his member firm’s clients to invest $2,000,000 in an outside investment, which the firm had not approved, without providing his firm prior written notice or receiving prior written approval. FINRA's findings stated that Melzer misappropriated funds from his […]

OneAmerica Securities, Inc. (CRD #4173, Indianapolis, Indiana) was censured and fined $75,000 for allegedly failing to make reasonable inquiries or follow-ups on multiple red flags that indicated a registered representative associated with OneAmerica Securities was making unsuitable options recommendations and causing an improper and/or unauthorized transfer of funds to a third party. FINRA's findings stated […]

Patrick James Manriquez (CRD #4073542, Beaumont, Texas) was barred by FINRA for allegedly converting $20,000 from his member firm’s client for his own personal use. FINRA's findings stated that Manriquez did this by submitting outgoing wire transfer requests, which the client had not authorized, causing the firm to wire the funds from an account the […]

Jonathan A. Francis (CRD #5204602, Brooklyn, New York) was barred by FINRA for allegedly issuing unauthorized ATM cards for the accounts of bank customers, some of whom were dead, as part of a scheme to convert $210,000 in customer funds. FINRA's findings stated that during the course of FINRA’s investigation, Francis failed to respond fully […]

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A federal criminal complaint was filed against MICHAEL J. OPPENHEIM (CRD# 3021013), 48 years-old, of Livingston, New Jersey. Oppenheim has been accused of embezzling approximately $20 million of his clients' money for his own personal use. Oppenheim was formerly employed by JPMorgan Chase in New York. He was arrested by the FBI at his home […]

Soreide Law Group, based in Pompano Beach, Florida (888) 760-6552, obtained the following summation of information from FINRA’s website, under “Disciplinary and Other FINRA Actions, April 2015.” Wendy Ann Wurst (CRD #1902879, Atlantis, Florida) AKA/ WENDY ANN MINERD, WENDY A MINERO, WENDY ANN MINERO was assessed a deferred fine of $50,000, suspended by FINRA for […]

The following summation of information from FINRA's website listed under “Disciplinary and Other FINRA Actions, April, 2015,” was obtained by the Pompano Beach, Florida-based Soreide Law Group, (888) 760-6552. Roger Kumar Jr. (CRD #2702488, Ocean Ridge, Florida) was assessed a deferred fine of $50,000 and suspended by FINRA one year for allegedly making misleading and […]

The Florida-based Soreide Law Group, (888) 760-6552 obtained the following summation of information from FINRA's website under “Disciplinary and Other FINRA Actions April 2015.” Souza Barros Securities, Inc. (CRD #149032, Miami, Florida) was censured and fined $75,000 by FINRA for allegedly failing to implement an adequate AML (Anti Money Laundering) program designed to detect and […]