EJIRO ODE OKUMA (EJ ODE OKUMA, EJIRO O OKUMA) was barred by the SEC from acting as a broker or investment advisor or otherwise associating with firms that sell securities or provide investment advice to the public. Also, FINRA barred EJIRO O OKUMA from acting as a broker or otherwise associating with a broker/dealer firm. […]

BRIAN LAWRENCE STEPHAN (Brian L. Stephan) CRD#: 4222796, a broker from Ohio, was accused by the Financial Industry Regulatory Authority (FINRA) of recommending and causing the execution of unsuitable investments for an 88-year-old client. The FINRA complaint alleges that Brian L. Stephan recommended that the elderly client invest in mutual fund Class A shares in […]

Soreide Law Group, based in Pompano Beach, Florida, obtained the following information from FINRA’s April 2018 Disciplinary Report on the following South Florida broker:  Jimmy Oswald Moscoso (CRD #2912265, Boca Raton, Florida) was barred by FINRA for allegedly converting an elderly client’s funds. FINRA’s findings stated that the elderly client agreed to invest $20,000 in […]

On November 17, 2017, the Financial Industry Regulatory Authority (FINRA) fined former Morgan Stanley registered representative, TIMOTHY THOMAS GIBBONS (CRD#: 219872), $20,000, suspended him for 18 months, and required him to pay approximately $717,000 in restitution to five elderly clients. Gibbons allegedly over-concentrated the clients' accounts in a single high-risk energy sector security. According to […]