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 […]

FINRA Bars Morgan Stanley’s Stewart Malloy For Failure To Testify In Investigation Stewart Clinton Malloy (CRD#: 1029931, Riverhead, New York) is a now-terminated Morgan Stanley broker who the Financial Industry Regulatory Authority (“FINRA”) barred on January 19, 2019 for his failure to attend an on-the-record interview during an investigation into his trading practices. Evidently, FINRA’s […]

INVESTOR ALERT: FINRA Bars Floyd Powell For Selling Fraudulent Investments Floyd Earl Powell (CRD#: 2220029, Albertville, Alabama) is a prior MML investors Services, LLC and MSI Financial Services registered representative who the Financial Industry Regulatory Authority (“FINRA”) barred for selling unregistered investments away from the firm. Specifically, FINRA barred Powell pursuant to a Letter of […]

INVESTOR ALERT: FINRA Fines And Suspends KMS Financial Services’ John Kasel   John Kasel (CRD#: 4382483, Scottsdale, Arizona) is a prior KMS Financial Services Inc. registered representative who FINRA just sanctioned because he engaged in outside business activities. Specifically, Kasel accepted and consented to FINRA’s imposition of a fine of $5,000 and suspension for three […]