The following information is from FINRA’s website under “Disciplinary and Other FINRA Actions, November, 2012.” Brennan R. Lollar (CRD #5287737, Registered Representative, St. Petersburg, Florida) was barred from association with any FINRA member in any capacity. The sanction was based on findings that Lollar misappropriated funds from a bank where he worked as a branch […]

The following information is from FINRA’s website under “Disciplinary and Other FINRA Actions, November, 2012.” Ellen Joyce Erenstein (CRD #3244253, Registered Representative, Boynton Beach, Florida) was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Erenstein consented to the described sanction and to the entry of findings that […]

FINRA, the Financial Industry Regulatory Authority, alleges Roman Sledziejowski, the Polish president and owner of TWS Financial, LLC, in Brooklyn, N.Y., used customer funds for his own use and gave false statements to clients from June, 2009, through August, 2012. FINRA alleges Sledziejowski defrauded three Polish customers of more than $4 million by taking money […]

FINRA, the Financial Industry Regulatory Authority, filed a Temporary Cease-and-Desist Order (TCDO) on November 5th., 2012, halting further fraudulent sales activities by Michigan-based WR Rice Financial Services and its owner Joel I. Wilson. FINRA also issued a complaint against WR Rice and Wilson charging fraud in the sales of limited partnership interests in entities affiliated […]

Do security futures, a high risk investment, have a place in your investment portfolio? Depending on your risk tolerance, a key component of financial planning, and your understanding of security futures contracts, writes Adriana Reyneri, in an October article from "Millionare Corner." “Security futures involve a high degree of risk and are not suitable for […]

FINRA publishes a quarterly review to provide firms with a sampling of recent disciplinary actions involving misconduct by registered representatives. "Willfully Failing to Disclose Material Information on a Form U4" Recently, FINRA settled a matter involving a registered representative who willfully failed to amend his Form U4 to disclose tax liens and judgments, and failed […]

Levinski Dealexis Barnes (CRD #2292179, Registered Representative, Lutz, Florida) has been named a respondent in a FINRA complaint alleging that he discussed with a customer an investment in an accounting business that Barnes and other individuals were contemplating purchasing. The FINRA complaint alleges that Barnes told the customer that if the offer for the business […]

The Financial Industry Regulatory Authority also known as FINRA, is hoping to make information about brokers more accessible to the investors, which they feel would hold those in the industry more accountable for their actions. In September, FINRA voted to submit proposals to the U.S. Securities and Exchange Commission (SEC) that would make information in […]

Brent Keith Deviney (CRD #2131402, Registered Representative, West Palm Beach, Florida) was barred from association with any FINRA member in any capacity. The sanction was based on findings that Deviney failed to respond to FINRA requests for information and documents, and to appear for on-the-record interviews in connection with an investigation of allegations that Deviney […]