The following information is from FINRA’s website under “Disciplinary and Other FINRA Actions, November, 2012.” Brennan R. Lollar (CRD #5287737, Registered Representative, St. Petersburg, Florida) was barred from association with any FINRA member in any capacity. The sanction was based on findings that Lollar misappropriated funds from a bank where he worked as a branch […]

The following information is from FINRA’s website under “Disciplinary and Other FINRA Actions, November, 2012.” Evan Coley Eggers (CRD #5205969, Registered Representative, Jacksonville, Florida) fined $5,000 and suspended from association with any FINRA member in any capacity for six months. Without admitting or denying the findings, Eggers consented to the described sanctions and to the […]

FINRA, the Financial Industry Regulatory Authority, plan to warn parties in its arbitration hearings against using electronic devices to secretly record and transmit the proceedings writes Dan Jamieson in a recent article in InvestmentNews.com. This warning began by complaints from the Securities Experts' Roundtable Inc., a group of expert witnesses, about several instances of “electronic […]

Jane E. O'Brien, 59, of Needham, MA, is facing securities fraud for allegedly bilking her client out of $240,000. O'Brien was working for Merrill Lynch in Boston as a financial advisor at the time. O'Brien allegedly told an elderly woman she was investing her money in thousands of shares of a New Hampshire-based company called […]

A financial planner from Eugene, Oregon, James Scott McKee, was barred from the industry after he failed to comply with an arbitration award. FINRA, the Financial Industry Regulatory Authority, had alleged that McKee steered his clients to invest $372,000 in businesses which he had a financial interest. It also alleged that McKee used $652,215 in […]

Currently, the Soreide Law Group is investigating the sales and marketing of Bluerock Real Estate's private placement offering of BR Senior Secured Debenture Trust, LLC. According to the description, "The Trust is a wholly-owned subsidiary of Bluerock Real Estate, LLC (“Bluerock”). Bluerock is a national real estate investment firm headquartered in Manhattan, focused on acquiring, […]

Do security futures, a high risk investment, have a place in your investment portfolio? Depending on your risk tolerance, a key component of financial planning, and your understanding of security futures contracts, writes Adriana Reyneri, in an October article from "Millionare Corner." “Security futures involve a high degree of risk and are not suitable for […]

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 […]

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 […]