Ascendiant Capital Markets, LLC (CRD #152912, Irvine, California) was censured and fined $52,500 by FINRA for allegedly failing to record all terms and conditions on a customer order record and document time-in- force; failed to record all terms and conditions on a customer order record and document the correct order receipt time; and failed to […]

Fidelity Brokerage Services LLC (CRD #7784, Smithfield, Rhode Island was censured and fined $350,000 by FINRA for allegedly overcharging 20,663 client accounts approximately $2.4 million. FINRA's findings stated that Fidelity Brokerage Services did not have reasonable supervisory systems or procedures to ensure that clients were charged accurate fees for accounts managed by third-party investment advisors. […]

The following information was obtained on FINRA’s website under “Disciplinary and Other FINRA Actions, July, 2013,” by Soreide Law Group, a Securities Arbitration Law Firm, (888) 760-6552. VSR Financial Services, Inc. (CRD #14503, Overland Park, Kansas) and Donald Joseph Beary (CRD #15818, Registered Principal, Lenexa, Kansas) the firm was censured and fined $550,000. Beary was […]

Soreide Law Group, a Securities Arbitration Law Firm, (888) 760-6552, obtained the following information on FINRA’s website under “Disciplinary and Other FINRA Actions, June, 2013.” HKC Securities, Inc. nka ACGM, Inc. (CRD #29705, New York, New York) and Harold Kenneth Cohen (CRD #49888, Registered Principal, Palm Beach, Florida) the firm was censured and fined $50,000, […]

This information appeared on FINRA’s website under “Disciplinary and Other FINRA Actions, June, 2013.” Frederico Goldin (CRD #4548232, Registered Representative, Aventura, Florida) was fined $5,000 and suspended from association with any FINRA member in any capacity for one month. The fine must be paid either immediately upon Goldin’s reassociation with a FINRA member firm following […]

Recently, Morgan Keegan entered into a settlement with FINRA for conduct surrounding non traditional etfs sold to retail customers. The following is information from FINRA's website. Morgan Keegan & Company, Inc. (CRD #4161, Memphis, Tennessee) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $365,000. The firm consented […]