PFS Securities Broker SARA WILHITE Barred By FINRA The Financial Industry Regulatory Authority (“FINRA”) announced February 20, 2018 that it barred PFS Investments Inc. securities broker Sara Wilhite (CRD#: 6624861, Vista, CA). Evidently, the sanction comes after FINRA suspended Wilhite for failing to provide FINRA with information in an inquiry or investigation. Here's more on […]

Did COLEMAN DEVLIN Sell You Unsuitable Investments? Soreide Law Group is investigating potential claims against Stifel, Nicolaus & Company, Incorporated securities broker Coleman Devlin (CRD#: 2317635, Atlanta, Georgia) on behalf of investors whose accounts Devlin potentially traded in an inappropriate and unsuitable manner. Namely, FINRA BrokerCheck shows that at least 18 investors filed disputes involving […]

INVESTOR ALERT! ALPINE SECURITIES CORPORATION Issued Cease and Desist The Financial Industry Regulatory Authority (“FINRA”) obtained a Cease and Desist Order against Alpine Securities Corporation in a proceeding dated August 5, 2019. Specifically, FINRA Ordered Alpine to cease and desist converting clients’ securities and funds, misusing their funds and making unauthorized transactions in their accounts, […]

Losses due to KEVIN WARES? The Financial Industry Regulatory Authority (“FINRA”) confirms through BrokerCheck that clients disputed the sales practices of securities broker Ahmad (“Kevin”) Wares (CRD#: 2959624, Melville, NY). Notably, clients’ claims suggest Kevin Wares made excessive, unauthorized and unsuitable trades at the expense of his customers. Here’s a summary of some disputes involving […]

Broker JIM HEAFNER Barred By FINRA The Financial Industry Regulatory Authority (“FINRA”) indefinitely barred Taylor Capital Management Inc. securities broker Jim Heafner (CRD#: 4837072, Charlotte, North Carolina). Evidently, in a Letter of Acceptance, Waiver and Consent (“AWC”) #: 2018059962701, which was executed by Heafner June 6, 2019 and accepted by FINRA July 30, 2019, Heafner […]

MATTHEW ALBERS Suspended By FINRA The Financial Industry Regulatory Authority (“FINRA”) disclosed August 1, 2019 that it issued a suspension and $5,000 fine to Paulson Investment Company securities broker Matthew Albers (CRD#: 2917814, Vienna, Virginia) for discretionary trading. Evidently, Albers submitted a Letter of Acceptance, Waiver, and Consent (“AWC”) #: 2018056269001 on July 17, 2019. […]

ROBERT MONTES Barred By FINRA The Financial Industry Regulatory Authority (“FINRA”) announced July 24, 2019 that it barred Morgan Stanley securities broker Robert Montes (CRD#: 835488, Palm Harbor, Florida). Evidently, Montes, who worked for Morgan Stanley from 2014 until 2019,  flat out refused to cooperate with FINRA who investigated him for his possible misuse of […]

MICHAEL GARRIS Suspended By FINRA The Financial Industry Regulatory Authority (“FINRA”) announced July 22, 2019 that it issued Wells Fargo Clearing Services LLC (“Wells Fargo”) broker Michael Garris (CRD#: 1540384, Los Angeles, California) a one-year suspension beginning August 5, 2019, and a $5,000 fine for unauthorized trading. Notably, Garris who worked at Wells Fargo from […]

JESSE HOLOVACKO Fraud Conviction Affirmed The United States Court of Appeals for the Third Circuit affirmed Merrill Lynch financial advisor Jesse Holovacko’s (CRD#: 5112298, Edison, New Jersey) convictions of 6 counts of wire fraud and 1 count of investment advisor fraud, according to an unpublished Opinion filed July 22, 2019 in U.S.A. v. Jesse Holovacko, […]