Soreide Law Group, PLLC, (888) 760-6552, has obtained the following information on FINRA’s website under “Disciplinary and Other FINRA Actions, May, 2014.” The information has been condensed.
Global Hunter Securities, LLC (CRD #123003, New Orleans, Louisiana)
was censured and fined $35,000 for allegedly failing to establish anti-money laundering (AML) procedures. The AML procedures are designed to help detect, investigate and report, any suspicious activity involving receipts and sales of penny-stock securities.
FINRA's investigation found that the firm’s procedures allegedly did not address adequately how Global Hunter Securities' personnel should conduct their account monitoring or how the investigation of certain “red flag” activity should be conducted. Global Hunter's AML procedures, according to FINRA, did not adequately address issues which related to the receipt and sale of penny-stock securities. Also, FINRA reported, what due diligence should be conducted before permitting customers to sell these securities. FINRA felt that as a result of Global Hunter's deficiencies, their personnel did not adequately investigate the acquisitions by clients of the penny-stock shares they deposited and sold in their accounts at Global Hunter.
(FINRA Case #2012030381501)
This ends the summation of information given on FINRA's website.
If you purchased high-risk penny stocks on the recommendation of your stock broker/financial advisor and experienced losses, please contact Soreide Law Group at (888) 760-6552 for a free consultation.
Investors apparently complained about securities broker Matthew Robert Westberry (also known as Matt Westberry) [CRD: 4908745, Marion, Iowa], based on public information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Westberry worked for SCF Securities Inc. from February 28, 2022, to October 23, 2024, and previously worked for LPL Financial LLC from August 10, 2018, to […]
Investors may have suffered financial harm by securities broker Joseph Anthony Monaco Jr. [CRD: 1398158, Melville, New York], given the public information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Monaco worked for Oppenheimer Co. Inc. from June 7, 2023, to December 6, 2024, and previously worked for Stifel Nicolaus from June 25, 2014, to […]
Investors potentially experienced sales practice violations by securities broker Scott Thomas Schaul [CRD: 2200484, Attleboro, Massachusetts], based on publicly available information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Schaul worked for Essex Securities LLC from March 22, 2010, to August 6, 2019, Pinnacle Investments LLC from June 28, 2019, to April 13, 2026, and has […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com