BARKLEY JW LUNDY JR, (also known as MIKE LUNDY JR, or MIKE LUNDY, CRD#: 2260127) a Rapid City, South Dakota investment advisor, formerly with PFS Investments Inc, was recently sentenced to five years in federal prison for allegedly taking $4.2 million of his clients’ money.  Mike Lundy pleaded guilty on May 19, 2017, to wire […]

FREDERICK E. MONROE JR (CRD# 2457010) (aka FRED MONROE JR, FREDERICK EUGENE JR MONROE), a 59 year-old Albany, New York financial planner and former senior vice president at Capital Financial Planning, pleaded not guilty to charges against him for defrauding investors out of more than $1 million. The felony complaint claims Monroe defrauded three victims […]

William Charlton Mays (CRD #2693626, Corpus Christi, Texas) was barred by FINRA and ordered to pay $10,000, plus interest, in restitution to a client for allegedly converting and misusing a client’s funds for his own benefit. FINRA's findings stated that Mays received a $50,000 check after soliciting the cleint to invest in stocks and commodities. […]

BRYAN W. ANDERSON (CRD# 3116269), a 40 year-old Hoover, Alabama broker, was charged with fraud and money laundering December 29, 2014. Allegedly Anderson, who was a registered broker for 14 years, conducted a Ponzi scheme between 2009 and May of 2014. State and federal investigators announced that the investors/victims lost over $3 million. Anderson has […]

Robert E. Lee Jr.,(CRD# 1824202) 50, a broker and financial advisor from Oxford, Connecticut, was charged with allegedly operating a Ponzi scheme. He was charged with five counts of wire fraud on Oct. 7, 2014. A New Haven grand jury returned the indictment and each count of wire fraud carries a maximum term of 20 […]

Robert E. Lee Jr., 50, broker and financial advisor from Oxford, Connecticut, was charged on May 12, 2014, with bilking millions of dollars from his clients through an alleged Ponzi scheme. Lee was employed by several firms. Federal prosecutors allege that Lee's Ponzi scheme occurred from January 2011 through March 2014. Prosecutors allege Lee told […]

Golden Beneficial Securities Corporation, a Texas securities firm, was ordered to pay $2.5 million to a couple who invested with the firm by the Financial Industry Regulatory Authority (FINRA) for failing to supervise their broker who was allegedly involved in a Ponzi scheme. The Texas couple accused Golden Beneficial Securities Corp. of failing to safeguard […]

The following information appeared on FINRA’s website under “Disciplinary and Other Actions, August, 2013.” Robert Gist (CRD #716088, Registered Representative, Atlanta, Georgia) was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Gist consented to the described sanction and to the entry of findings that he misappropriated several […]