Douglas Jay Melzer (aka DUTCH MELZER) (CRD #5438362, Mars, Pennsylvania) was barred by FINRA for allegedly soliciting his member firm’s clients to invest $2,000,000 in an outside investment, which the firm had not approved, without providing his firm prior written notice or receiving prior written approval. FINRA's findings stated that Melzer misappropriated funds from his […]

JEFFERY C. MCCLURE (CRD# 4869698) a former Wells Fargo Advisors broker from Chico, CA, was permanently barred by the Financial Industry Regulatory Authority (FINRA) for allegedly stealing almost $89,000 from his elderly client. Allegedly, McClure wrote 36 checks totaling $88,850 between December 2012 and August 2014 without his client's consent and deposited them into his […]

Soreide Law Group, (888) 760-6552, obtained the following summation of information on FINRA’s website under “Disciplinary and Other FINRA Actions, December, 2013.” James Arnold Busch (CRD #1982074, Registered Representative, Atlanta, Georgia) was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Busch allegedly utilized his customers’ bank account […]

A FINRA arbitration panel ordered Wells Fargo & Co.'s (WFC) retail brokerage unit to pay retired real-estate broker, Philip Lovell, $1.8 million for losses tied to investments in soda and pharmaceutical companies. Lovell accused Wells Fargo Advisors and Wells Fargo broker, John Bulkley Meacham, of having him invest his money in thinly traded securities that […]

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, July, 2013.” Frank Oswaldo Naula (CRD #1344900, Registered Representative, Merrick, New York) was barred from association with any FINRA member in any capacity. In light of Naula’s financial status, no monetary sanction […]

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, July, 2013.” Jeffrey Elliott Ludwick (CRD #2267071, Registered Representative, San Antonio, Texas) was suspended from association with any FINRA member in any capacity for three months. In light of Ludwick’s financial status, […]

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.” Annie Orion Kim (CRD #4821323, Registered Representative, Chicago, Illinois) was barred from association with any FINRA member in any capacity. The sanction was based on findings that Kim failed to […]

The following information appeared on FINRA’s website under “Disciplinary and Other FINRA Actions, June, 2013.” Joseph John Antosh Jr. (CRD #713649, Registered Representative, Brookfield, Connecticut) was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Joseph Antosh consented to the described sanction and to the entry of findings […]