John Brian Busacca III (CRD #2302780, Registered Principal, Orlando, Florida) was fined $30,000 and suspended from association with any FINRA member in any principal capacity for six months. The SEC sustained the sanctions following appeal of a NAC decision. The U.S. Court of Appeals denied Busacca’s petition for review.   The sanctions were based on […]

AXA Advisors, LLC, without admitting or denying the findings, prior to a regulatory hearing and without an adjudication of any issue, submitted a Letter of Acceptance, Waiver and Consent (“AWC”), to the Financial Industry Regulatory Authority (FINRA)which FINRA accepted.  AXA Advisors, LLC, Respondent (AWC 2009020149901, March 13, 2012).  AXA Advisors, LLC employs aproximately 5,800 registered representatives at […]

This past Tuesday, May 1st., FINRA, the Financial Industry Regulatory Authority, Inc. fined four major brokerages $9.1 million for selling complex ETFs (Exchange Traded Funds) to investors whose portfolios were otherwise conservative.  Without admitting or denying the charges, the brokerges will be paying $7.3 million in fines, and $1.8 million in restitution to the clients who […]

The Securities and Exchange Commission (SEC) announced on May 1, 2012, that they  charged UBS Financial Services Inc. of Puerto Rico and two executives with making misleading statements to investors, concealing a liquidity crisis, and masking its control of the secondary market for 23 proprietary closed-end mutual funds. UBS Puerto Rico will settle the SEC’s charges by […]

Attention Cawley Multifamily Fund I, LP Investors:  You may be able to recover your investment losses in Cawley Fund by filing a FINRA arbitration against your selling broker.   The broker/dealers that sold the Cawley Fund include, Optivest, Capital Financial Services, Inc.; Calton & Associates, Inc.; and VSR Financial Services, Inc. Soreide Law Group is investigating […]

Attention Odyssey Investors. You may be able to recover your investment losses in Odyssey by filing a FINRA arbitration against your selling broker.   Odyssey Properties III, LLC, has raised over $28 million dollars selling notes. Odyssey began selling notes through a private placement offering of the notes. These notes were marketed and sold by […]

Securities Lawyer, Lars K. Soreide, of Soreide Law Group has announced an investigation into claims on behalf of  investors who may have suffered  significant  investment  losses due to Jeffrey Scott Donner. Jeffrey Scott Donner (CRD #2631248, Registered Principal, Weston, Florida) was a  financial advisor with Cape Securities, Aura Financial, and Saxony Securities. Donner has been permanently barred from the securities industry with FINRA, and […]

The following information is from FINRA’s website under “Disciplinary Actions, April, 2012:”   Glenn Loren Halpryn (CRD #1633028, Registered Principal, Aventura, Florida)  submitted a Letter of Acceptance, Waiver and Consent in which he was censured and fined $10,000.   Without admitting or denying the findings, Halpryn consented to the described sanctions and to the entry […]

The following information is from FINRA’s website under “Disciplinary Actions, April, 2012:”   James Landon Yarbrough (CRD #703889, Registered Representative, Clearwater, Florida) was barred from association with any FINRA member in any capacity. The Hearing Officer did not order restitution because FINRA’s Department of Enforcement represented that the customer has been made whole by the […]