The Financial Industry Regulatory Authority Inc. (FINRA) filed a complaint against JOHN A. WASZOLEK (CRD# 800403) for allegedly taking advantage of one of his client's with Alzheimer's. Waszolek was a broker with UBS Wealth Management in 2009, when he allegdly took advantage of his client by attempting to inherit approximately $2 million from his client. […]

The Governor of Puerto Rico, Alejandro Garcia Padilla, is warning that Puerto Rico won't be able to pay its $72 billion public debt. There have been international economists who recently released a critical report on the Puerto Rican economy. Puerto Rican bonds were very popular with investors because they were tax-free, but hedge funds and […]

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 […]

FREDERICK E. MONROE JR (CRD# 2457010) (aka FRED MONROE JR, FREDERICK EUGENE JR MONROE), a 59 year-old Albany, New York financial planner and former senior vice president at Capital Financial Planning, pleaded not guilty to charges against him for defrauding investors out of more than $1 million. The felony complaint claims Monroe defrauded three victims […]

The Securities and Exchange Commission (SEC) announced that it filed charges against Macquarie Capital (USA) Inc., a New York-based brokerage firm. Allegedly, Macquarie Capital (USA) Inc. was responsible for underwriting a public offering even though they had obtained a due diligence report indicating that the China-based company’s offering materials had contained false information. Macquarie Capital […]

Phil Donnahue Williamson, a Miami investment advisor, was charged by the Securities and Exchange Commission (SEC) with taking money from his investment fund and defrauding investors, which included several local teachers and law enforcement officers. The SEC is accusing Phil Donnahue Williamson with conducting a Ponzi scheme with money he raised for the Sterling Investment […]

Leslie Lynn King (CRD #5280908, Prosper, Texas) Alternate Names: LESLIE LYNN CAMPBELL was assessed a deferred fine of $10,000, required to pay $50,000 in deferred disgorgement of commissions received, plus interest, and suspended from association with FINRA members for two years for allegedly aiding and abetting a non-registered person to participate in the securities business. […]

Chia-Ming Hu (CRD #5368992, New York, New York) Alternate Name: MICHAEL HU was barred by FINRA for allegedly failing to provide FINRA-requested testimony involving an investigation into allegations that he and another representative of his member firm concealed trading losses. (FINRA Case #2014043161701) Michael Hu is not currently licensed to act as a broker (buying […]

Joel Eziekel Blum (CRD #4905379, Goshen, New York) Alternate Names: EZIEKEL JOEL BLUM was fined $10,000 and suspended by FINRA for 20 days for allegedly executing discretionary transactions in client accounts without written authorization to do so from his member firm. FINRA's findings stated that Blum also allegedly mismarked order tickets in connection with these […]