According to a recent article in InvestmentNews, the Financial Industry Regulatory Authority (FINRA) says barred a former broker from Cetera Advisors of Avon, Connecticut, Marianne O’Shee Smith, for allegedly using client checks totaling $45,100 to buy mutual fund shares for someone from her own family. The clients, according to InvestmentNews, all senior citizens, allegedly directed […]

GARY BRIAN DODDS (Gary Dodds CRD#: 840109) a former stock broker with Raymond James Financial Services of Bend, Oregon, was issued $220,000 in civil penalties by the Oregon Division of Financial Regulation, and Raymond James Financial Services, Inc. agreed to pay $123,279 in restitution to the victims of the alleged excessive trading practices of Gary […]

STEPHEN CARVER Cause Your Investment Losses? The Financial Industry Regulatory Authority (FINRA) confirms that at least three investors filed disputes over the sales practices of Stephen Carver (CRD#: 2230161, Peoria, Illinois). The disputes, which come from investors of both LifeMark Securities Corp, LPL Financial, and Cetera Advisors LLC, are summarized below: LifeMark Securities Corp. Client’s […]

FINRA Issues Fine And Suspension To LPL Financial LLC’s Melvin Case Melvin Elwood Case (CRD#: 2393464, Jacksonville, Florida) is a prior general securities representative for LPL Financial LLC. Notably, on January 19, 2018, FINRA issued Case a $5,000 fine and six month suspension from having any association with a FINRA member in all capacities for […]

DAVID HOWARD FAGENSON (DAVID FAGENSON) CRD#: 1652012, a broker formerly with UBS of Palm Beach, Florida, was suspended by the Financial Industry Regulatory Authority, Inc. (FINRA) following allegations that he traded excessively in elderly client accounts. DAVID FAGENSON consented to an eight-month suspension without admitting or denying FINRA’s findings. FINRA did not fine Fagenson due […]

CETERA FINANCIAL SPECIALISTS LLC CRD# 10358 SEC# 8-27082, was recently censured by FINRA, the Financial Industry Regulatory Authority Inc., and also fined $200,000, for supervisory failures in connection with its brokers' outside business activities. The allegations, in part, were as follows: “The firm consented to the sanctions and to the entry of findings that it […]

Soreide Law Group obtained the following information from FINRA’s Disciplinary Report January, 2018: HANK MARK WERNER (HENRY WERNER) (CRD#: 1615495 Northport, New York) Has been barred by a FINRA extended hearing panel, for fraudulently churning and excessively trading the accounts of his client—a blind, elderly widow—and for making unsuitable recommendations. The hearing panel also ordered […]

ROGER KROEGER CRD#: 1526864, a 62 year-old broker who had been with Invest Financial Corporation in Ft. Lauderdale, Florida, has been accused by the Broward Sheriff’s Office, along with his sister, of misappropriating approximately $300,000 from the investment account of a 92 year-old woman from Pompano Beach, Florida. According to the SunSentinel, Kroeger and his […]