INVESTOR ALERT: FINRA Bars JAMES SCHWARTZ For Excessive Trading The Financial Industry Regulatory Authority (“FINRA”) announced it barred Aegis Capital Corp securities representative James Bradley Schwartz (CRD#: 3043085, New York City, New York) for making fraudulent trades and churning Aegis Capital Corp customers’ accounts. A settlement was reached April 16, 2019 in Case #2016051704302, following […]

INVESTOR ALERT: FINRA Files Complaint Against Columbus Advisory Group’s MICHAEL MURPHY The Financial Industry Regulatory Authority (“FINRA”) announced that it filed a Complaint against Columbus Advisory Group, LTD securities representative Michael Patrick Murphy (CRD#: 2596905, New York, New York). Specifically, FINRA Department of Enforcement claims Murphy did not report a total of $6,000,000 in NY […]

FREDERICK HOLLOWAY Barred For Unsuitable Recommendations The Financial Industry Regulatory Authority (“FINRA”) issued Decision #: 201605002401 on April 11, 2019, barring securities representative and owner of Holloway & Associates Inc., Frederick David Holloway, (CRD#: 248814, Easton, Maryland) from the securities industry for making unsuitable annuity recommendations to investors and hiding information from FINRA when it […]

FINRA Fines, Suspends UBS Financial Broker SCOTT MINTZ For Discretionary Trading The Financial Industry Regulatory Authority (“FINRA”) just issued UBS Financial Services Inc. broker Scott Blake Mintz (CRD#: 4783179, Hartford, Connecticut) a suspension and required Mintz to pay a $5,000.00 fine for alleging making discretionary trades in the accounts of UBS Financial Services investors. FINRA […]

Allegations Of Misconduct Raised Against LPL Financial LLC Brokers Brian Griffith, Kevin Sofoul, Virginia Nichols LPL Financial LLC (CRD#: 6413, Boston, Massachusetts) is a FINRA-regulated brokerage firm and SEC-regulated investment adviser firm. Mainly, LPL Financial LLC reports through FINRA BrokerCheck that regulators have taken disciplinary action against it 153 times. Also, arbitrators in approximately 54 […]

INVESTOR ALERT: Claims Against Citigroup Global Markets Inc. Brokers Becky Woo, John Kelly Citigroup Global Markets Inc. (CRD#: 7059, New York, New York) is both a FINRA-regulated brokerage firm and SEC-regulated investment advisory. The firm, established January 25, 1960, discloses an alarming rate of regulatory events and arbitrations on FINRA BrokerCheck. Specifically, regulators have taken disciplinary […]

INVESTOR ALERT: Misconduct Allegations Against Securities America Brokers THOMAS ABBOUD, KENNETH FOREMAN, ROBERT MITCHELL JR. Securities America, Inc. (CRD#: 10205, Lavista, Nebraska), which is a brokerage firm regulated by FINRA’s Kansas City district office, revealed through FINRA BrokerCheck that several of its brokers allegedly engaged in conduct that could have both run afoul of FINRA […]

FINRA Fines, Censures Parkland Securities For Failure To Supervise Non-Traditional ETFs The Financial Industry Regulatory Authority (“FINRA”) sanctioned Parkland Securities LLC (CRD#: 115368, Ann Arbor, Michigan) on March 7, 2019 for insufficient supervision. Evidently, the firm submitted a Letter of Acceptance, Waiver and Consent #2016052300601 on February 27, 2019, agreeing to a censure and $20,000.00 […]

FINRA Banishes Merrill Lynch’s Christopher Hellman For Stonewalling Investigation The Financial Industry Regulatory Authority (“FINRA”) barred Merrill Lynch securities broker Christopher Charles Hellman (CRD#: 6584084, Boca Raton, Florida) for failing to provide information to FINRA during its investigation of Hellman’s possible private securities transactions and outside business activities. Evidently, Mr. Hellmann submitted a Letter of […]