The following information is from FINRA’s website under “Disciplinary Actions, April, 2012:”   James Calvin Wylie Jr. (CRD #834405, Registered Representative, Ponte Vedra Beach, Florida)  submitted a Letter of Acceptance, Waiver and Consent in which he was fined $5,000 and suspended from association with any FINRA member in any capacity for one month. Without admitting […]

The following information is from FINRA’s website under “Disciplinary Actions, April, 2012:”   William Edward Herlihy (CRD #4005879, Registered Principal, Deltona, Florida)  submitted a Letter of Acceptance, Waiver and Consent in which he was fined $50,000 and suspended from association with any FINRA member in any capacity for six months. The fine must be paid […]

The following information is from FINRA’s website under “Disciplinary Actions, April, 2012:” Stone & Youngberg LLC (CRD #795, San Francisco, California) submitted a Letter of  Acceptance, Waiver and Consent in which the firm was censured, fined $350,000 and ordered to pay $206,054.72, without interest, in restitution to customers. Without admitting or denying the findings, the […]

 The following information is from FINRA’s website under “Disciplinary Actions, April, 2012:” E*Trade Capital Markets LLC (CRD #111528, Chicago, Illinois)  submitted a Letter of  Acceptance, Waiver and Consent in which the firm was censured, fined $45,000, required to pay $812.13, plus interest, in restitution to customers and to revise its WSPs regarding trade reporting. Without […]

The following information is from FINRA’s website under “Disciplinary Actions, April, 2012:”   Banc of America Investment Services, Inc. dba Merrill Lynch, Pierce, Fenner & Smith Incorporated (CRD #7691, New York, New York)  submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $55,000. The firm has already paid […]

The following information is from FINRA’s website under “Disciplinary Actions, April, 2012:” Success Trade Securities, Inc. (CRD #46027, Washington, DC) and Fuad Ahmed (CRD #2404244, Registered Principal, Washington, DC) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $100,000. Ahmed was fined $10,000, suspended from association with any […]

The following information is from FINRA’s website under “Disciplinary Actions, April, 2012:” Headwaters BD, LLC (CRD #117042, Denver, Colorado), Paul Edward Janson (CRD #4992234, Registered Principal, Avon, Connecticut), Roberta Ann Laraway (CRD #4845302, Registered Principal, Lone Tree, Colorado) and Philip Williams Seefried Jr. (CRD #1747086, Registered Principal, Denver Colorado) submitted an Offer of Settlement in […]

The following information is from FINRA’s website under “Disciplinary Actions, April, 2012:”   Cantone Research Inc. (CRD® #26314, Tinton Falls, New Jersey) and Christine L. Cantone (CRD #2687618, Registered Principal, Thompson, Pennsylvania)   submitted an Offer of Settlement in which the firm was censured, fined $25,000, $10,000 of which was jointly and severally with Christine […]

Have you invested in these  non-traded real estate investment trusts and funds that have recently seen steep devaluations?Name         Offering price      Per share Current estimated value       % decline per share  Behringer Harvard Opportunity REIT I          $10.00      $4.12           -58.80%       Behringer Harvard REIT I                                     $10.00     $4.64           -53.60%       Behringer Harvard Short-Term Opportunity Fund $10.00     $0.40          -96%       Cornerstone Core Properties REIT                     $8.00        $2.25           -71.88%       Inland […]