Moloney Securities Co., Inc. (CRD #38535, Manchester, Missouri)
was censured and fined $20,000 for allegedly allowing their representatives to recommend and sell non¬traditional ETFs to their clients.
FINRA's report stated that Moloney Securities' Written Supervisory Procedures (WSPs) didn't address the sale or the supervision of non-traditional exchange traded funds (ETFs), and Moloney Securities did not conduct due diligence of non-traditional ETFs before allowing its brokers to recommend and sell them to their clients.
Despite the risk factors of non-traditional ETFs, Moloney Securities did not provide any training of brokers or supervisors.
Moloney Securities, according to the FINRA report, failed to establish and maintain a supervisory system for the sale of non-traditional.
(FINRA Case #2012034271801)
This ends the summation of information from FINRA's website under 'Disciplinary and Other Actions, June, 2014.'
Soreide Law Group believes that ETFs can highly speculative and risky investments that are not suitable for certain investors. If you suffered financial losses due to the recommendation of your broker/financial advisor in ETFs, call for a free consultation with an attorney at: (888) 760-6552.
Soreide Law Group has filed a FINRA arbitration on behalf of our client (Claimant) against: TEXAKOMA FINANCIAL, INC. and their registered representative, SHEA PETER KENNEDY (SHEA P KENNEDY) (Repondents). The Claimant resides in Nevada, and according to the lawsuit, around August of 2023, SHEA P KENNEDY contacted the Claimant unsolicited, apparently after the Claimant had […]
Pending customer claims on BrokerCheck name Michael Graham (CRD 3263494) and list LPL Financial as the firm. Each claim is pending and unproven, and no arbitrator has ruled on any of them. The customers allege that Graham misrepresented guaranteed principal and returns on a secured loan related to a real estate deal.
An SEC decision involving Titan Securities (CRD 131392) of Plano, Texas became final on August 7, 2026, according to FINRA's October 2026 Disciplinary and Other FINRA Actions report. The decision fined the firm $50,000. The record lists the firm as JTA Securities Management, Inc. dba Titan Securities.
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