Randall A. Samson (CRD #2691518, Manteca, California) was barred by FINRA for allegedly converting $10,000 from the 401(k) account of an employee, who was also a client, of his member firm. FINRA's findings stated that Samson, without the individual’s knowledge or consent, used his position as the plan’s trustee to complete a $10,000 distribution from […]

(Note to our readers: Soreide Law Group has filed 3 FINRA arbitrations against Dean S. Mustaphalli for our clients in New York totaling over $1 million in losses.) Dean Sadrudin Mustaphalli (CRD #2792038, Commack, New York) was assessed a deferred fine of $20,000, suspended from association with any FINRA member in any capacity for two […]

DEANNA R. MC CLEAN (CRD #4222057, Rock Island, Illinois) was barred by FINRA for allegedly using her own personal funds to pay life insurance premiums for clients to ensure that their policies did not lapse and, to qualify for the highest possible commission rate paid by her member firm’s affiliate. FINRA's findings stated that McClean’s […]

William Charlton Mays (CRD #2693626, Corpus Christi, Texas) was barred by FINRA and ordered to pay $10,000, plus interest, in restitution to a client for allegedly converting and misusing a client’s funds for his own benefit. FINRA's findings stated that Mays received a $50,000 check after soliciting the cleint to invest in stocks and commodities. […]

Daryl Richard Lemon (CRD #2473133, Los Angeles, California) was barred by FINRA for allegedly executing 1,236 transactions in an elderly client’s discount brokerage account maintained at another broker-dealer without providing prior written notice, or any notice at all, to his member firm. FINRA's findings stated that Lemon periodically charged the customer amounts that he characterized […]

The following summation information was found on FINRA’s website under “Disciplinary and Other FINRA Actions February 2015.” Call the Soreide Law Group, a Securities Arbitration Law Firm, at (888) 760-6552. David Glenn Chapman (CRD #1702066, Holmdel, New Jersey) was barred by FINRA for allegedly forging a deceased client’s signature on a document necessary to renew […]

James Francis Reid (CRD #2197427 Cypress, Texas) was barred by FINRA for allegedly converting client funds for his own personal use by depositing cash and check insurance premiums, totaling more than $21,000, from clients of his member firm’s insurance affiliate into his personal checking account instead of applying the funds for the clients’ benefit. FINRA's […]

David Leonard Potter (CRD #2991638, St. Petersburg, Florida) was assessed a deferred fine of $15,000 and suspended by FINRA for five months for allegedly participating in a private offering before his member firm approved the offering and after the firm requested that he cease participation. FINRA's findings stated that Potter failed to file the offering […]

Florida-based Soreide Law Group, (888) 760-6552, obtained the following summation of information from FINRA's website under “Disciplinary and Other FINRA Actions, February, 2015.” Brian Lewis Pittman (CRD #2963196, Naples, Florida) was assessed a deferred fine of $7,500 and suspended by FINRA for four months for allegedly participating in private securities transactions, specifically the sale of […]