The following summation was obtained on FINRA’s website under “Disciplinary and Other FINRA Actions, October, 2013.” Christopher Shawn Vaughn (CRD #4956822, Registered Representative, Leesburg, Florida) was barred from association with any FINRA member in any capacity. Without admitting or denying the allegations, Vaughn consented to the described sanction and to the entry of findings that […]

UBS AG released its third-quarter earnings report on Tuesday. UBS took a $20 million trading loss and $21 million in credit losses all related to loans that were backed by Puerto Rican municipal securities and related funds. UBS Financial Services Inc. of Puerto Rico, (UBS PR) is the subject of arbitration by investors who say […]

The Financial Industry Regulatory Authority (FINRA) filed a civil enforcement complaint on October 18th., against Bambi Holzer, Beverly Hills broker and chairman of Wealth & Income Management Group, Beverly Hills, for allegedly selling seven investors worthless privately issued securities and for allegedly lying to FINRA in regulatory documents. According to Reuters, many of Holzer's clients […]

The Financial Industry Regulatory Authority (FINRA) filed a civil enforcement complaint on October 18th., against Bambi Holzer, Beverly Hills broker and chairman of Wealth & Income Management Group, Beverly Hills, for allegedly selling seven investors worthless privately issued securities and for allegedly lying to FINRA in regulatory documents. According to Reuters, many of Holzer's clients […]

Greg J. Campbell, a financial advisor from Ladue, Missouri, was sentenced to 38 months in prison, restitution in the amount of $1,851,956, and was ordered to forfeit his home. He pled guilty to diverting more than $1.8 million from client retirement accounts to finance his lavish lifestyle. According to court documents, from June 2006 until […]

Greg J. Campbell, a financial advisor from Ladue, Missouri, was sentenced to 38 months in prison, restitution in the amount of $1,851,956, and was ordered to forfeit his home. He pled guilty to diverting more than $1.8 million from client retirement accounts to finance his lavish lifestyle. According to court documents, from June 2006 until […]

The Public Investors Arbitration Bar Association, also known as PIABA, studied arbitration cases in which the word "expungement" appeared. They found that since mid-May 2009 through the end of 2011 -- expungement relief was granted in nearly every instance: 96.9% of cases. PIABA found, for example, one broker who requested expungement 40 times, and arbitration […]

The Public Investors Arbitration Bar Association, also known as PIABA, studied arbitration cases in which the word "expungement" appeared. They found that since mid-May 2009 through the end of 2011 -- expungement relief was granted in nearly every instance: 96.9% of cases. PIABA found, for example, one broker who requested expungement 40 times, and arbitration […]

Fredrick McMenimen III of Exeter, New Hampshire, will go on trial in January, after a federal judge found him mentally competent to stand trial. Federal prosecutors in New Hampshire say the financial advisor allegedly bilked widowed friends of his wife and mother out of more than $1 million. The 50-year-old McMenimen allegedly spent the money […]