DA Davidson Allegedly Recommends Bad Investments Investors are filing disputes against securities broker DA Davidson Co. securities broker Gregory Roy Tucker (CRD#: 501274, Des Moines, Iowa). Notably, the Financial Industry Regulatory Authority (“FINRA”) BrokerCheck report for Tucker shows that at least 8 clients disputed his sales practices since 2016. These investors suggest that Tucker provided […]

Henry McLain Dickinson III (CRD #727492, Katy, Texas) was suspended by FINRA for 20 business days for allegedly, through his member firm, charging excessive mark-ups on riskless principal corporate bond transactions through improper interpositioning. FINRA's findings stated that this involved the nearly simultaneous purchase from one customer and sale to another customer of the same […]

Three New York brokers, Benjamin Chouchane, Marek Leszczynski, and Henry Condron, who all previously worked the cash desk at their Wall Street broker/dealer, had judgments entered against them on January 14, 2014, for overcharging clients $18.7 million. These brokers used hidden markups and markdowns, keeping secretly a portion of the profits from the trades. This […]

FINRA lists the following on their website under “Disciplinary and Other FINRA Actions, October, 2013.” Robert Noonan Drake (CRD #1213804, Registered Principal, Lakeville, Connecticut) was fined $5,000 and barred from association with any FINRA member in any principal or supervisory capacity. The National Adjudicatory Council (NAC) imposed the sanctions following appeal of an Office of […]

FINRA lists the following on their website under “Disciplinary and Other FINRA Actions, October, 2013.” Robert Noonan Drake (CRD #1213804, Registered Principal, Lakeville, Connecticut) was fined $5,000 and barred from association with any FINRA member in any principal or supervisory capacity. The National Adjudicatory Council (NAC) imposed the sanctions following appeal of an Office of […]

The Financial Industry Regulatory Authority (FINRA) has fined StateTrust Investments Inc., Miami, FL, over $1 million and firm’s broker, Jose Luis Turnes, was fined $75,000 and suspended for six months as a result of a FINRA investigation into the company exaggerating the markups and markdowns on corporate bonds and in 85 instances, the company misled […]

On June 26, 2013, FINRA, the Financial Industry Regulatory Authority Inc., fined a Miami investment firm over one million dollars for allegedly charging excessive mark-ups and mark-downs on bond sales. StateTrust Investments Inc. was fined $1.045 million and was ordered to pay $353,319 in restitution to customers for charging unfair prices in 563 corporate-bond transactions […]

On the Financial Industry Regulatory Authority's website (FINRA) it was announced that it had fined Citi International Financial Services LLC, a subsidiary of Citigroup, Inc., $600,000 and ordered more than $648,000 in restitution and interest to more than 3,600 customers for charging excessive markups and markdowns on corporate and agency bond transactions, and for related supervisory violations. Executive […]