FINRA Bars Pruco Representative For Converting Customer Funds Vaughn Lee Andrews-McKay (CRD #6491985, Shelton, Connecticut), who was a registered representative of Pruco Securities, LLC between August 25, 2015 and May 1, 2018, consented to being barred by the Financial Industry Regulatory Authority (“FINRA”) from acting as a broker or associating with FINRA member broker-dealer firms […]

FINRA Fines J.W. Cole Broker For Borrowing From Customer Michael T. Swingle (CRD #723350, Clearwater, Florida), who was a registered representative of J.W. Cole Financial, Inc. between August 29, 2007 and November 3, 2016, consented to paying a $5,000 fine and being suspended by the Financial Industry Regulatory Authority (“FINRA”) from acting as a broker […]

FINRA Fines Laidlaw & Company Ltd. Laidlaw & Company Ltd. (CRD #119037, New York, New York) is a broker-dealer registered with the Financial Industry Regulatory Authority (“FINRA”) that submitted a Letter of Acceptance, Waiver and Consent, resulting in FINRA imposing a censure and $25,000.00 fine to resolve allegations that Laidlaw failed to supervise its registered […]

FINRA Bars Brian Joseph Panfil Brian Joseph Panfil (CRD #4326407, Chicago, Illinois), who was a registered representative of Caldwell International Securities and Ridgeway & Conger, Inc., is now barred by the Financial Industry Regulatory Authority (“FINRA”) from acting as a broker or associating with FINRA member broker-dealer firms pursuant to a Default Decision issued by a […]

Gradient Securities Customers File Complaints Over Annuities Losses With Broker Jack Howard Owens Jr.  Jack Howard Owens, Jr. (CRD #2240940, Lady Lake, Florida), who has been registered with Gradient Securities, LLC between December 10, 2009 and June 1, 2018, disclosed via the Financial Industry Regulatory Authority (“FINRA”) BrokerCheck his involvement in activities giving rise to […]

Gradient Securities LLC Representative Hit With Arbitration Case Glenn Patrick Lattz (CRD #1744697, Lady Lake, Florida), who was a registered representative of Gradient Securities, LLC from December 10, 2009 to June 1, 2018, disclosed on Financial Industry Regulatory Authority (“FINRA”) BrokerCheck that he has been named in a customer-initiated investment-related arbitration. (FINRA Arbitration Case #18-01227, […]

SEC Fines Alexander Capital For Failure To Supervise Alexander Capital, L.P. (CRD #40077, New York, New York) is a broker-dealer registered with both Securities Exchange Commission (“SEC”) and Financial Industry Regulatory Authority (“FINRA”) that consented to an SEC Order Instituting Administrative Proceedings Pursuant to Section 15(b) of the Securities Exchange Act of 1934, Making Findings, and […]

The Securities and Exchange Commission is running a new ad campaign targeting seniors encouraging them to look up their financial advisor before they invest. Unfortunately, more often than not the check up on the broker happens after money is already invested or even worse lost. The Financial Industry Regulatory Authority or “FINRA” has also marketed […]

Many Soreide Law Group clients, and readers of our blog, often hear us refer to "FINRA." FINRA is the abbreviation of the Financial Industry Regulatory Authority, Inc. In case you are wondering what FINRA is and what they do, we will give you a very brief synopsis. FINRA is responsible for regulating it's member firms […]