Raymond Sardina (CRD #3068885, Miami, Florida) was suspended by FINRA for one month for allegedly borrowing $10,000 from a client. His member firm’s policies and procedures prohibit borrowing money from clients. Sardina repaid the loan while the individual was still a client of the firm. FINRA's findings stated that Sardina neither notified the firm that […]

Tammy Charlene Petersen (CRD #4161501, Carrollton, Virginia) aka TAMMY CHARLENE BARBER, TAMMY CHARLENE BARBER, TAMMY CHARLENE BROUSSARD, TAMMY CHARLENE BROUSSARD, or TAMMY PETERSEN was barred by FINRA for allegedly converting approximately $107,378 from her member firm clients for her own personal use and benefit without the clients’ knowledge or consent. FINRA's findings stated that Petersen […]

Florida-based Soreide Law Group, (888) 760-6552, obtained the following summation of information from FINRA's website “Disciplinary and Other FINRA Actions May, 2015.” Kamran Daryush Nougzust (CRD #5787549, Pembroke Pines, Florida) was barred by FINRA for allegedly failing to provide FINRA-requested documents and information involving an investigation into allegations that he improperly obtained approximately $99,500 from […]

UBS AG was ordered by the Financial Industry Regulatory Authority (FINRA) to buy back an investor's Puerto Rico bond fund for $1 million. A San Juan FINRA arbitration panel found two UBS units liable to the 66+ year-old investor whose losses were $737,000 only four years after he opened his account in 2011. This FINRA […]

BRYAN A. CARNAHAN (CRD# 3103811), a former broker with Huntington Bank in Hilliard, Ohio, was barred by FINRA early in May for allegedly stealing approximately $170,000 from a client's brokerage account to cover his other clients' investment losses. FINRA reported that Carnahan had his client withdraw funds from her bank account and get cashier's checks […]

PATRICK E. CHURCHVILLE (CRD# 2245842), a 46 year-old Barrington, Rhode Island former broker, was charged May 8, 2015, by the SEC in an alleged $11 million Ponzi scheme which occured from December 2010 - November 2012. Churchville faces several charges connected with his ClearPath Wealth Management firm, which included diverting $2.5 million in 2011 to […]

The following summation of information was obtained by Soreide Law Group (888-760-6552) from FINRA's Website under "Disciplinary and Other Actions April 2015." EDI Financial, Inc. (CRD #15699, Irving, Texas) was censured and fined $100,000 by FINRA for allegedly failing to adopt and implement supervisory systems and procedures reasonably designed to achieve compliance with EDI Financial’s […]

Michael Willard Korson (CRD #2108802, Novi, Michigan) was barred by FINRA for allegedly failing to timely and accurately notify his member firm of his outside business activities. Although Korson eventually provided notice to his firm and revealed that he received compensation from the outside business, he falsely stated when his involvement first began. FINRA's findings […]

Ascendiant Capital Markets, LLC (CRD #152912, Irvine, California) was censured and fined $52,500 by FINRA for allegedly failing to record all terms and conditions on a customer order record and document time-in- force; failed to record all terms and conditions on a customer order record and document the correct order receipt time; and failed to […]