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August 13, 2019
LISA ACCA Barred From Securities Industry

FINRA Bars Lisa Acca The Financial Industry Regulatory Authority (“FINRA”) announced August 8, 2019 that it barred Arive Capital Markets securities broker, Lisa Acca (CRD#: 4661358, Bay Ridge, New York) for stonewalling a FINRA investigation. Apparently, the investigation concerned Acca’s potential private securities transactions with an Arive client. Evidently, the general securities representative, who worked […]

November 28, 2017
Former UNITED PLANNERS’ FINANCIAL SERVICES Broker, JERRY LOU GUTTMAN, Barred by FINRA

On November 15, 2017, JERRY LOU GUTTMAN (CRD#: 1078383), a former broker with United Planners Financial Services, Phoenix, Arizona, was barred by the Financial Industry Regulatory Authority (FINRA) for allegedly engaging in private securities transactions without his firm's prior approval. According to FINRA, from September 2008 through May 2017, Guttman participated in private securities transactions […]

February 27, 2015
New York Broker Fined and Suspended by FINRA for Alleged Solicitation of Clients for Private Securities Transactions

David Lee Shafranek (CRD #2919901, Long Beach, New York) was fined $10,000 and suspended by FINRA for 20 business days allegedly, without his member firm’s knowledge or approval, participated in private securities transactions by soliciting at least four of his firm’s clients to invest in a start-up company. FINRA's findings stated that the firm’s policies […]

January 20, 2015
Nebraska Broker Fined and Suspended by FINRA for Alleged Participation in Private Securities Transacation

Donald L. Bratten (CRD #1904756, North Platte, Nebraska) was assessed a deferred fine of $10,000 and suspended by FINRA member for four months for allegedly participating in a private securities transaction without providing prior written notice to or obtaining approval from his member firm. FINRA's findings stated that Bratten solicited two firm clients to invest […]

January 19, 2015
Former Florida LPL Financial Broker Fined, Suspended and Ordered to Repay Compensation In Private Securities Sales

Florida-based Soreide Law Group has obtained the following summation of information from FINRA's Website under "Disciplinary and Other Actions, January, 2015." Marc Halan Baldinger (CRD #1942349, Jensen Beach, Florida) was assessed a deferred fine of $10,000, suspended by FINRA for 18 months and ordered to pay $233,000, plus interest, in disgorgement of selling compensation. Allegedly […]

January 8, 2015
Broker Suspended by FINRA for Alleged Participation in Private Securities Transactions

David Philip Morabito (CRD #2799155, Mineola, New York) was suspended by FINRA for six months for allegedly participating in private securities transactions with a private investment company and not providing notice of the transactions to his member firm, or obtaining written approval prior to participating in the transactions. FINRA's findings stated that Morabito recommended firm […]

January 7, 2015
California Broker Barred by FINRA for Not Cooperating With FINRA's Investigation

Chase Bishop Casson (CRD #4404195, Carlsbad, California) was barred by FINRA for allegedly failing to provide FINRA with requested information and documentation as part of an investigation into whether he was engaged in private securities transactions. FINRA's findings stated that after receiving a fourth request, Casson informed FINRA that he would not cooperate or provide […]

January 4, 2015
North Carolina Broker Barred by FINRA Due to Private Securities Transactions and Personal Loans from Clients

Ricky Eugene Bell (CRD #2065556, Fayetteville, North Carolina) was barred by FINRA and ordered to pay a total of $19,650, plus interest, in restitution to clients. Allegedly, Bell engaged in private securities transactions through a lending program without providing notice to, or receiving approval from, his member firm. FINRA's findings stated that Bell solicited and […]

November 21, 2014
Former LPL Broker from Tampa Fined and Suspended for Sale of Private Securities

JODIE L. MILLER (CRD# 4772684) was suspended by FINRA for 18 months and a fined $53,225, included in this figure was a disgorgement in the amount of $38,225 plus interest. This was due to Miller's alleged "selling away" securities in Tri-Med Corporation. According to the reports, in 2012 Miller allegedly participated in the private sales […]

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