The Financial Industry Regulatory Authority, FINRA, fined and censured a company owned by Cetera Financial Group, one of the country’s largest networks of independent broker-dealers, $40,000 for late and improper filings in more than half of its sales branch offices, among other filing problems. Cetera Advisor Networks, over a two-and-a-half year period ending last year, […]

In an article from the The Express Tribune, they write that there were documents posted on the Securities and Exchange Commission of Pakistan (SECP) website on Feb. 19th., 2013, that BMA Capital bought 578,000 shares of Bata Pakistan at Rs920 per share from National Bank of Pakistan on August 24, 2012 in a negotiated, off-market […]

This very valuable information on the warning signs of investment fraud, comes from Louisiana’s Office of Financial Institutions (OFI). They highly caution all potential investors to thoroughly check out every investment opportunity. " *Company will pay any tax on interest earned  *Company will pay any surrender penalty incurred by the investor  *Company will […]

The Securities and Exchange Commission (SEC) announced fraud charges against a New York-based brokerage firm and two brokers who allegedly used misleading sales tactics to steer investors toward risky investments in a purported clean energy company so the firm could earn lucrative commissions. The SEC alleges that Gregg Lorenzo, the founder of Charles Vista LLC, […]

Lars K. Soreide, of Soreide Law Group, a securities arbitration law firm based out of Fort Lauderdale, representing investors Nationwide before FINRA, had clients who were recently awarded approximately $560,626.00 in a FINRA arbitration against John Michael Greer, Sr., for his role in the sale of the Church Mortgage and Loan bond to a retired […]

The following information is from FINRA’s website under “Disciplinary and Other FINRA Actions, February, 2013.” Delaney Equity Group, LLC (CRD #142285, Palm Beach Gardens, Florida) and David Cameron Delaney (CRD #2447186, Registered Principal, West Palm Beach, Florida) were named respondents in a FINRA complaint alleging that the firm, acting through Delaney, its president/CCO/AMLCO, failed to […]

The following information is from FINRA’s website under “Disciplinary and Other FINRA Actions, February, 2013.” David Arthur Tetley (CRD #1511967, Registered Representative, Fairfield, Connecticut) was fined $5,000 and suspended from association with any FINRA member in any capacity for four months. Without admitting or denying the findings, Tetley consented to the described sanctions and to […]

The following information is from FINRA’s website under “Disciplinary and Other FINRA Actions, February, 2013.” Neftali Mercedes (CRD #3201827, Registered Principal, New York, New York) was barred from association with any FINRA member in any capacity and ordered to pay a total of $97,500, plus interest, in restitution to customers. FINRA's sanctions were based on […]

The following information is from FINRA’s website under “Disciplinary and Other FINRA Actions, February, 2013.” Edward Daniel Hochard (CRD #1830418, Registered Principal, Palm Bay, Florida) was fined $15,000 and suspended from association with any FINRA member in any capacity for six months. Without admitting or denying the findings, Hochard consented to the described sanctions and […]