In a May 9th., 2013 article from Reuters, Suzanne Barlyn writes about the three men, who made a living in the U.S. securities industry, and how it's not easy to successfully reverse disciplinary sanctions from FINRA. Penalties are likely to stick, and the consequences can drag out for years. According to the Financial Industry Regulatory […]

  Alan Jay Davidofsky (CRD #1389312, Registered Representative, Delray Beach, Florida) has been fined by FINRA in the amount of $11,741.78, which represents disgorgement, and he has been barred from association with any FINRA member in any capacity. These sanctions were based on the findings that Davidofsky made unauthorized transactions in his customer’s account, controlled the customer’s […]