FINRA publishes a quarterly review to provide firms with a sampling of recent disciplinary actions involving misconduct by registered representatives. "Willfully Failing to Disclose Material Information on a Form U4" Recently, FINRA settled a matter involving a registered representative who willfully failed to amend his Form U4 to disclose tax liens and judgments, and failed […]

Levinski Dealexis Barnes (CRD #2292179, Registered Representative, Lutz, Florida) has been named a respondent in a FINRA complaint alleging that he discussed with a customer an investment in an accounting business that Barnes and other individuals were contemplating purchasing. The FINRA complaint alleges that Barnes told the customer that if the offer for the business […]

Andrew Martin Abern (CRD #1610607, Registered Principal, Miami, Florida) was censured and fined $25,000. Without admitting or denying the findings, Abern consented to the described sanctions and to the entry of findings that he provided some customers with VA expense disclosure forms that contained inaccurate information; the forms understated the annual expenses that would be […]

Stephanie Lee Webster (CRD #2424488, Registered Representative, Fort Lauderdale, Florida) was fined $5,000 and suspended from association with any FINRA member in any capacity for 15 business days. Without admitting or denying the findings, Webster consented to the described sanctions and to the entry of findings that she attempted to settle a customer’s complaint, without […]

FINRA publishes a quarterly review to provide firms with a sampling of recent disciplinary actions involving misconduct by registered representatives. The sample includes settled matters and decisions in litigated cases (National Adjudicatory Council (NAC) decisions and SEC decisions in FINRA cases). These summaries call attention to, and remind registered representatives and member firms of, specific […]

Kris Michael Thoresen (CRD #1940175, Registered Representative, Ponte Vedra, Florida) was fined $10,000 and suspended from association with any FINRA member in any capacity for one year. Without admitting or denying FINRA's findings, Thoresen consented to the described sanctions and to the entry of findings that he was aware of his member firm’s supervisory guidelines […]

Edgar Allen Thomas (CRD #2231242, Registered Principal, Winter Haven, Florida) was fined $5,000 and suspended from association with any FINRA member in any principal capacity for 10 business days. Without admitting or denying FINRA's findings, Thomas consented to the described sanctions and to the entry of findings that he failed to reasonably supervise a registered […]

Alan Bruce Levin (CRD #3073530, Registered Principal, Coral Springs, Florida) was fined $10,000 and suspended from association with any FINRA member in any principal capacity for 10 business days. Without admitting or denying FINRA's findings, Levin consented to the described sanctions and to the entry of findings that, as his member firms’ FINOP, he allowed […]

Michael John Hester (CRD #3044429, Registered Representative, Tampa, Florida) was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Hester consented to the described sanction and to the entry of findings that he engaged in a private securities transaction by accepting checks totaling $20,000 from individuals to purchase […]