The Florida-based Soreide Law Group obtained the following information on FINRA’s website under, “Disciplinary and Other FINRA Actions, August 2016.” Armando Fernandez (CRD #3079602, Miami Shores, Florida) was fined $7,500 and suspended from association with any FINRA member in any capacity for 20 business days. According to FINRA’s findings, allegedly Fernandez exercised discretion in a […]

Raymond Thomas Clark (CRD #3120696, Williamsville, New York) was barred by FINRA for failing to appear for FINRA-requested on-the-record testimony. This request was related to an investigation into whether he allegedly executed excessive and/or unauthorized transactions in customer accounts, exercised discretion without authorization, and accepted trade instructions from an individual who was not authorized to […]

Michael Richard Crow (CRD #57845, San Jose, California) was fined $7,500 and suspended by FINRA for 30 business days for allegedly exercising discretion in a client’s account without his member firm’s prior written authorization. FINRA's findings stated that allegedly Crow had exercised discretion in a client’s non-discretionary account and without a power of attorney after […]

Radcliffe Robert Daly (CRD #4663605, Granger, Indiana) was assessed a deferred fine of $15,000 and suspended by FINRA for nine months for allegedly mismarking order tickets for solicited transactions as "unsolicited." FINRA's findings stated that Daly recommended a penny stock to many clients and continued to solicit purchases of the stock and marked the trades […]

Benjamin Brown Jr. (CRD #3091206, Jamaica, New York) was assessed a deferred fine of $5,000 and suspended by FINRA for 10 business days for allegedly effecting option transactions while exercising discretion in a customer’s account without the customer’s prior written authorization to exercise such discretion and without his member firm’s written permission to engage in […]

Fort Lauderdale-based Soreide Law Group obtained the following summation of information from FINRA's Website under "Disciplinary and Other Actions, December 2014." Dennis Todd Witthoeft (CRD #1631137, Wesley Chapel, Florida) was fined $5,000 and suspended by FINRA for 30 business days for allegedly improperly exercising discretion by effecting stock and option transactions in a single customer […]

The Fort Lauderdale-based Soreide Law Group has obtained the following summation of information from FINRA's Website under "Disciplinary and Other Actions, November 2014." Herbert Leonard Kaye (CRD #265572, Delray Beach, Florida) was assessed a deferred fine of $25,000, which includes disgorgement of $11,000 of commissions and was suspended by FINRA for four months for allegedly […]

ROBERT J. HEAD (CRD# 240935) has been permanently barred by the Financial Industry Regulatory Authority (FINRA) from acting as a broker or otherwise associating with firms that sell securities to the public. FINRA reports that allegedly from August 2008 until October 2013, Head who was managing a Stifel Nicolaus trust account for a client, exercised […]

Soreide Law Group, obtained the following summary of information from FINRA’s website under “Disciplinary and Other FINRA Actions, October, 2014.” Craig Shiver Smith (CRD #3103610, Birmingham, Alabama) was barred by FINRA for alleged unauthorized trades in a customer’s account, and exercised time and price discretion without written authority from the client. FINRA's findings stated that […]