Soreide Law Group, (888) 760-6552, has obtained the following information on FINRA’s website under “Disciplinary and Other FINRA Actions, September, 2013.”
Adam A. Pflum (CRD #5220575, Registered Representative, Clayton, North Carolina)
was suspended from association with any FINRA member in any capacity for one year. Without admitting or denying the findings, Adam A. Pflum consented to the described sanction and to the entry of findings that he formed a hedge fund, for the purpose of trading his own funds.
FINRA's findings stated that Adam Pflum’s member firm through an outside email, detected this outside business activity and requested that he submit an outside business activity (OBA) form. Pflum's firm denied his request for approval to create and engage in business through the hedge fund. Without disclosure to the firm, Pflum filed documents with the North Carolina Division of Corporations to create the fund listing Pflum as a managing member. Pflum opened multiple securities accounts titled to the fund and directed securities trading on behalf of the fund.
FINRA's findings also stated that Pflum opened with another FINRA member firm, numerous securities accounts in the name of the fund and failed to disclose to his firm that he had opened securities accounts with another FINRA member firm, had trading authorization over the securities accounts, and had participated in the execution of transactions in the undisclosed securities accounts.
The suspension is in effect from August 5, 2013, through August 4, 2014.
(FINRA Case #2011028988901)
Adam A. Pflum was previously registered with FINRA at the following brokerage firms:
SCOTTRADE, INC.
CRD# 8206
GARNER, NC
08/2009 - 08/2011
This ends the information obtained on FINRA's website.
Call Soreide Law Group for a free consultation on how to potentially recover your investment losses at: 888-760-6552.
One or more investors possibly experienced losses because of securities broker Calvin James Heck [CRD: 1025767, Everett, Washington], based on public information found on FINRA BrokerCheck. Evidently, Heck has worked for Wedbush Securities Inc. in Los Angeles, California, since June 27, 2003, and in its Everett, Washington, office since June 11, 2020. Read on to […]
Investors potentially experienced sales practice violations due to securities broker Gregory John Libby [CRD: 2455485, Paramus, New Jersey], based on publicly available information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Libby has been employed with Morgan Stanley at its Paramus, New Jersey branch since June 1, 2009, and continues to be registered with the […]
Investors apparently complained about securities broker Prakash Verma (also known as Mike Panjabi, Ramprakash Panjabi, and Mike Verma) [CRD: 4760483, Leander, Texas], based on disclosures found on FINRA BrokerCheck. Evidently, Verma worked for NYLIFE Securities LLC (CRD#: 5167) from November 17, 2004, to June 2, 2025. Read on to find out more about the disclosures […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com