NICOLAS BARRIOS Expelled By FINRA The Financial Industry Regulatory Authority (“FINRA”) announced it expelled UBS Financial Services Inc. securities broker Nicolas Barrios (CRD#: 2122824, Winter Haven, Florida). Evidently, Barrios – who worked for UBS as a Production Branch Manager from November 14, 2008 to May 15, 2019 – consented to the sanction of a bar […]

WILLIAM KIELCZEWSKI Charged In FINRA Complaint On May 21, 2019, the Financial Industry Regulatory Authority (“FINRA”) Department of Enforcement brought a Complaint (Disciplinary Proceeding #: 2017054405401) against The Huntington Investment Company securities broker William Kielczewski (CRD#: 4034356, Toledo, Ohio). Notably, FINRA’s Department of Enforcement alleged Kielczewski violated FINRA Rules because he participated in private securities […]

INVESTOR ALERT: FINRA Suspends, Fines MICHAEL TANHA Soreide Law Group is investigating possible claims on behalf of those who invested with Merrill Lynch securities broker Michael Tanha (CRD#: 6022108, Beverly Hills, California). The Financial industry Regulatory Authority (“FINRA”) recently issued Michael Tanha a 10-month suspension and $15,000 fine pursuant to Tanha’s May 1, 2019 submission […]

FINRA Complaint Alleges Wells Fargo’s DAVID MANOR Made Unsuitable Trades On April 16, 2019, FINRA brought Complaint #2017056648801 against Wells Fargo broker David Manor (CRD#: 6033220, Boston, Massachusetts), alleging Manor broke FINRA rules by engaging in outside business activities. FINRA Department of Enforcement claims Manor was involved in an undisclosed outside business activity and engaged […]

INVESTOR ALERT: FINRA Bars Foresters Equity Services Broker Michael Rappa For Selling Away The Financial Industry Regulatory Authority (“FINRA”) barred Foresters Equity Services securities representative Michael Rappa (CRD#: 4799159, San Diego, CA) for selling away. Notably, Mr. Rappa, who worked for Foresters Equity Services from 2010 to 2017 – submitted a Letter of Acceptance, Waiver […]

INVESTOR ALERT: FINRA Bars Floyd Powell For Selling Fraudulent Investments Floyd Earl Powell (CRD#: 2220029, Albertville, Alabama) is a prior MML investors Services, LLC and MSI Financial Services registered representative who the Financial Industry Regulatory Authority (“FINRA”) barred for selling unregistered investments away from the firm. Specifically, FINRA barred Powell pursuant to a Letter of […]

Merrill Lynch Customers File Disputes Concerning John Clark, Charles Watson, Akinwale Adebayo, Glenn Patti Merrill Lynch, Pierce, Fenner, & Smith Incorporated (CRD#: 7691, New York, New York) is a brokerage firm regulated by FINRA and investment advisor firm regulated by SEC. Notably, on 559 occasions, Merrill Lynch disclosed that a regulator pursued sanctions against the […]

Soreide Law Group obtained the following information on FINRA’s website from the July 2017 Disciplinary Report: Tracy Rae Turner (CRD #1385745, San Marcos, California) An OHO decision became final in which Turner was barred from association with any FINRA member in all capacities and fined $272,879.04, plus prejudgment interest for alleged failure to give prior […]

Soreide Law Group (888-760-6552) obtained the following information from FINRA’s June 2017 Disciplinary Report:  Mid Atlantic Capital Corporation (CRD #10674, Pittsburgh, Pennsylvania)  was censured and fined $100,000 by FINRA for allegedly failing to adequately supervise the private securities transactions of their two registered representatives. FINRA’s findings stated that at the time of their association with […]