Raymond James & Associates, Inc. (CRD #705, St. Petersburg, Florida) FINRA censured and fined Raymond James & Associates $22,500. FINRA's findings stated that allegedly Raymond James failed to execute customer limit orders in OTC (over-the-counter) securities after Raymond James traded each security for its own market-making account, and occasionally, failed to execute the order at […]

PAUL C. LARSEN (CRD# 1066833), formerly of VSR Financial Services, has had a long history of complaints with FINRA. He also has been sued many times for selling Tenant-in-Common (TIC) investments, non-traded REITs, and oil and gas investments. Larsen was permanently barred by FINRA from acting as a broker or otherwise associating with firms that […]

NOAH L. MYERS (CRD# 2387620) 43, an investment advisor from Lyme, Connecticut, pled guilty October 20, 2014, in federal court to defrauding his clients by “cherry-picking” securities. Myers admitted taking profits of $460,000 for himself, while his clients lost over $2 million. The majority of his clients who lost their investments were retired or using […]

Alan J. Becker (CRD #4870553, Bedford, New Hampshire) was assessed a deferred fine of $46,045, including the disgorgement of commissions received for $36,045, and was suspended by FINRA for 18 months for allegedly making unsuitable recommendations to six clients in the sales of variable universal life policies (VULs) based on their financial situations. FINRA's findings […]

The Fort Lauderdale-based, Soreide Law Group, obtained the following summary of information from FINRA’s website under “Disciplinary and Other FINRA Actions, October, 2014.” Ane S. Plate (CRD #1977401, Deland, Florida) was barred by FINRA for an alleged 15 unauthorized trades in a client’s firm account, resulting in the cash proceeds of $176,080. FINRA's findings stated […]

Fort Lauderdale-based Soreide Law Group recently obtained this summary of information from FINRA’s website under “Disciplinary and Other FINRA Actions, October, 2014.” Richard Happle (CRD #1095540, St. Petersburg, Florida) was assessed a deferred fine of $5,000 and suspended by for 10 business days. Allegedly, Happle failed to execute a client's trade order. FINRA's findings stated […]

The Soreide Law Group, based in Fort Lauderdale (888) 760-6552, obtained the following summary of information from FINRA’s website, under “Disciplinary and Other FINRA Actions, October, 2014.” Arhonda T’Lene Guinn (CRD #4401132, Vero Beach, Florida) was barred by FINRA for allegedly converting $12,100 from a client’s account at her firm for her own use. FINRA's […]

The Fort Lauderdale-based Soreide Law Group, (888) 760-6552, recently obtained the summary of information from FINRA’s website, under “Disciplinary and Other FINRA Actions, October, 2014.” Daniel Timothy Cowperthwaite (CRD #1398178, Pinecrest, Florida) was assessed a deferred fine of $5,000 and suspended for three months by FINRA for allegedly received two loans improperly for approx. $4,300 […]

BRUCE MEYERS (CRD# 1045447), owner and CEO of Meyers Associates, New York, was sued by the Financial Industry Regulatory Authority Inc. (FINRA) for alleged improper marketing of an unregistered securities offering of a pharmaceutical company. Meyers and another firm exec were the majority owners of the company, SignPath Pharma Inc. According to FINRA, Meyers Associates, […]