Morgan Stanley Wealth Management was fined $949,574, which included customer restitution, for allegedly failing to supervise a registered representative who allegedly traded corporate bonds excessively and preferred securities for five years. The Financial Industry Regulatory Authority (FINRA) stated that despite receiving hundreds of alerts, and in a compliance review concluding that their broker’s recommendations were […]

Sylvester Knox (CRD#: 1625705), formerly with Merrill Lynch of Short Hills, New Jersey, has been fined $10,000 and suspended for nine months by FINRA.  His suspension is in effect from 8/17/2020 through 5/16/2021. According to the FINRA report, without admitting or denying FINRA’s findings, Sylvester Knox consented to the sanctions and to the entry of […]

The Financial Industry Regulatory Authority (FINRA) barred CHRISTOPHER DUKE BENNETT (CRD#: 2510231) a former Hilliard Lyons of Louisville, Kentucky, registered representative, from acting as a broker or otherwise associating with a broker/dealer firm. Bennett was previously registered both as a broker and as an investment advisor. According to FINRA, Bennett did not cooperate with FINRA’s […]

Soreide Law Group has filed a FINRA arbitration on behalf of their client (Claimant) against: KESTRA INVESTMENT SERVICES, LLC, (KESTRA) and their former registered representative, HERMAN LAIBE KAHN (HERMAN KAHN, BUD KAHN) (Respondents). HERMAN LAIBE KAHN was an employee and registered representative of KESTRA, from September 2004 through April 2020. The Claimant, a retiree living […]

FINRA Investigates Whether Westpark Capital's Harry Datys Sold Unsuitable And Misrepresented Investments Soreide Law Group is reviewing potential lawsuits on behalf of investors against securities broker Harry Datys (CRD#: 1877750, New York, New York). Apparently, Financial Industry Regulatory Authority (“FINRA”) recommends disciplinary action against the securities broker, who worked for Westpark Capital from June 10, […]

Madison Avenue Broker Noel Vincent Allegedly Gave Poor Advice, Caused Investors' Losses Swarms of investors have filed disputes against securities broker Noel Ray Vincent (CRD#: 1370987, Southfield, Michigan). Namely, FINRA BrokerCheck shows an astounding 20 investor disputes involving the securities broker, who worked for Madison Avenue Securities from 2009 to 2018 and who worked for […]

Broker Rocco Roveccio Sanctioned By FINRA, SEC The Financial Industry Regulatory Authority (“FINRA”) just sanctioned First Standard Financial Company securities broker Rocco Roveccio (CRD#: 2713144, Red Bank, New Jersey). The sanctions come after SEC barred the securities broker and after 6 investors filed disputes against him. Namely, these disclosures suggest that Roveccio sold unsuitable investments […]

Title goes here The Financial Industry Regulatory Authority (“FINRA”) reports troubling allegations of misconduct by securities broker Mark Boucher (CRD#: 2187695, Carlsbad, California). Namely, on Boucher’s FINRA BrokerCheck report, there are two investor disputes indicating that he did something really bad. We can also see that two investment firms disaffiliated with him on bad terms. […]

Cetera's Ken Balser Allegedly Sells Bad Tesoro Del Alma Investments The Financial Industry Regulatory Authority (“FINRA”) reports troubling allegations of misconduct by securities broker Ken Balser (CRD#: 704053, Colorado Springs, Colorado). The former Cetera Advisors securities broker, who the firm disaffiliated with for private securities transactions, has been involved in four disputes and a pair […]