George Wayne Hoffman (CRD #5068220, Parkville, Maryland) was barred by FINRA for allegedly converting $17,000 from an elderly client for his own benefit, without the client’s knowledge or authorization. FINRA's findings stated that Hoffman used falsified letters of authorization (LOAs) to cause his firm to transfer money from the client’s account at the firm to […]

The following information was obtained on FINRA’s website under “Disciplinary and Other FINRA Actions, June, 2013,” by Soreide Law Group, a Securities Arbitration Law Firm, (888) 760-6552. Frank John Tarazon (CRD #3272807, Registered Representative, Oxnard, California) was fined $20,000 and suspended from association with any FINRA member in any capacity for six months. Without admitting […]

Stephen Nietsch (CRD #3111082, Registered Representative, Boynton Beach, Florida) was barred from association with any FINRA member in any capacity and ordered to pay $20,000, plus interest, in restitution to a customer. The sanctions were based on findings that Nietsch borrowed $20,000 from an elderly customer contrary to his member firm’s procedures prohibiting him from […]