SYLVESTER KING JR (CRD# 4011622) of Miramar, Florida, has agreed to a $35,000 fine and an 18-month ban from the securities industry. According to the Financial Industry Regulatory Authority (FINRA), King, Jr. allegedly helped another broker conceal hundreds of thousands of dollars of customer loans. Some of the loans went to professional NBA and NFL athletes. Along with his partner, FINRA alleges that Sylvester King, Jr. helped make and conceal loans of approximately $399,500 to three athletes in the NBA and NFL.
Allegedly, Sylvester King, Jr. and a business partner formed PKG in 2009. PKG was a financial services firm in Fort Lauderdale, Florida. PKG provided services to professional athletes in the NBA and NFL.
Sylvester King, Jr. was a registered representative at Morgan Stanley Smith Barney LLC in Fort Lauderdale from June 2009 through October 2011, when he went to Wells Fargo LLC also in Ft. Lauderdale. The allegations occurred at Wells Fargo, when King, Jr. reportedly helped his partner conceal loans from the firm. Sylvester King, Jr. also allegedly loaned $25,000 without his firm's permission, and participated in a transaction in which firm customers invested more than $3 million.
According to FINRA's BrokerCheck, Sylvester King, Jr., was previously registered with the following firms:
10/2011 - 05/2015 WELLS FARGO ADVISORS, LLC (CRD# 19616) - FORT LAUDERDALE, FL
06/2009 - 10/2011 MORGAN STANLEY SMITH BARNEY (CRD# 149777) - FT. LAUDERDALE, FL
11/2006 - 06/2009 CITIGROUP GLOBAL MARKETS INC. (CRD# 7059) - FT. LAUDERDALE, FL
10/1999 - 11/2006 BANC OF AMERICA INVESTMENT SERVICES, INC. (CRD# 16361) - FT. LAUDERDALE, FL
Pompano Beach, Florida-based Soreide Law Group, (888) 760-6552, represents clients nationwide before FINRA. Please call for a free consultation with an attorney on how to potentially recover your investment losses.
Cowen and Company, LLC (CRD 7616), now part of TD Securities (USA) LLC, is a brokerage firm based in New York, New York. FINRA censured and fined the firm a total of $80,000, of which $40,000 is payable to FINRA, according to an AWC issued August 19, 2026.
Webull Financial LLC (CRD 289063) is a brokerage firm based in New York, New York. FINRA censured and fined the firm $115,000 after finding it maintained inaccurate books and records of options order origin codes, according to an AWC issued August 17, 2026.
Marc Miller (CRD 1133692) is a registered representative with Western International Securities. According to BrokerCheck, a customer filed a claim against him on March 3, 2025 that remains pending.
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