BRYAN W. ANDERSON (CRD# 3116269), 40 year old broker, from Hoover, Alabama, pled guilty to a Ponzi scheme which dozens of investors lost a total of $3.1 million. Anderson, acting as their broker, promised his clients that the investments were 100 percent risk free. Anderson pled guilty to wire fraud, money laundering, and securities fraud […]

Citigroup Global Markets Inc. (CRD #7059, New York, New York) was censured and fined $3,000,000, to be paid jointly to FINRA and the New York Stock Exchange (NYSE) for allegedly failing to deliver prospectuses in connection with sales of certain ETFs (Exchange Traded Funds) to customers. FINRA's findings stated that Citigroup Global Markets failed to […]

Ralph A. Saviano, a 72 year-old financial advisor from Bridgewater, New Jersey, was sentenced to 27 months in prison for taking $138,000 from two elderly investors. Saviano told his clients that he was investing their money in conservative investments when in fact he was taking the money for his own personal use. Saviano had pled […]

Ameriprise Financial Services, Inc. (CRD® #6363, Minneapolis, Minnesota) and David Bradley Tysk (CRD #1782289, Eden Prairie, Minnesota). Ameriprise Financial Services, Inc. (Ameriprise) was censured and fined $100,000, and David Bradley Tysk (Tysk) was fined $50,000 and suspended by FINRA® for three months. These sanctions were based on FINRA's findings that allegedly, Tysk altered computer notes […]

PHILIP E. MORIARTY II (CRD# 1989641) an investment advisor from Maine, was recently accused of six counts of wire fraud. A grand jury in Chicago indicted him on the charges relating to the allegations that he defrauded investors of approximately $1.1 million while he was CEO of First Street Capital Partners in Chicago 2008 - […]

The Florida-based Soreide Law Group, (888) 760-6552, has obtained the following summation from FINRA's website “Disciplinary and Other FINRA Actions February, 2015.” Darrell Robert Vanpamel (CRD #5117737, Cape Coral, Florida) was fined $5,000 and suspended by FINRA for one month for allegedly failing to provide written notice to his member firm prior to engaging in […]

Henry McLain Dickinson III (CRD #727492, Katy, Texas) was suspended by FINRA for 20 business days for allegedly, through his member firm, charging excessive mark-ups on riskless principal corporate bond transactions through improper interpositioning. FINRA's findings stated that this involved the nearly simultaneous purchase from one customer and sale to another customer of the same […]

Michael Richard Crow (CRD #57845, San Jose, California) was fined $7,500 and suspended by FINRA for 30 business days for allegedly exercising discretion in a client’s account without his member firm’s prior written authorization. FINRA's findings stated that allegedly Crow had exercised discretion in a client’s non-discretionary account and without a power of attorney after […]

Andrew James DeVine (CRD #5048058, O’Fallon, Illinois) was barred by FINRA for allegedly misappropriating $739 from clients of his member firm’s insurance affiliate by taking funds intended to pay insurance premiums and instead using the funds for his own personal benefit. (FINRA Case #2013038128101) Andrew James DeVine was registered in the securities industry for 7 […]